Aug 9, 2022 | Benchmarks, Flexible spending accounts (FSAs), Health Benefits, Health Savings Accounts (HSAs), Mental Health, Telehealth, Telemedicine
Already ranked as the most important employee benefit an organization can offer its workers, health-related benefits have taken on even greater significance since the onset of COVID-19, according to the 2022 SHRM Employee Benefits Survey. As shown in the graph below,...
Jul 26, 2022 | Cancer, Claims, COVID-19, Heart, Mental Health, Stop-Loss
Cancer and cardiovascular conditions account for over one-third of stop-loss reimbursements, according to a recent report from stop-loss carrier Sun Life.As the chart below shows, the top three conditions represent 38% of total payments. Additionally, 70% of all...
Jul 25, 2022 | COVID-19, MedBen Analytics, Mental Health, Reporting, Telehealth
With the rise of COVID-19 came a corresponding increase in telehealth use. And while the number of virtual care visits have fallen since its initial spike in 2020, usage remains comparatively high from pre-COVID levels… an indication that telehealth isn’t...
Aug 23, 2021 | Cancer, Claims, COVID-19, Mental Health, Stop-Loss
Cancer continues to be the most costly medical condition, according to a recent report from stop-loss carrier Sun Life. In 2020, cancer cases that resulted in stop-loss claims increased by 16%, and cancer drugs made up nine of the top ten high-cost drug claims. The...
Jul 23, 2021 | MedBen Analytics, Mental Health, Preventive Care, Primary Care, Reporting, Telehealth, Trend
Telehealth use has dropped from its peak in 2020, but remains significantly higher than pre-COVID levels. The MedBen Analytics chart below shows telehealth activity for MedBen’s total client block from January 2020 through June 2021. Mood and anxiety disorders,...
Feb 24, 2021 | Compliance, Department of Health and Human Services (HHS), Department of Labor, Mental Health, Regulatory, Treasury Department
While plan sponsors are already familiar with the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act (MHPAEA), the passage of the Consolidated Appropriations Act (CAA) in late 2020 has led to additional plan obligations. The new rules...