May 17, 2020 | Alternative Plan Design, Direct-to-Employer Contracting, MedBen University, Prescription, Reference-Based Pricing, Roundtables, Savings, Self-funding, Third party administration
Self-funding provides unique ways to save plans money, and MedBen knows how to deliver those savings, said President & CEO Kurt Harden at the 4th Annual Employer Roundtable Webinar on May 14. “In this time that we’re all trying to look at cost,...
May 17, 2020 | Cost Savings, MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance, Pharmacy Benefits Manager (PBM), Prescription, Rx Costs, Savings
Three-quarters of MedBen clients use MedBen Rx prescription programs and are seeing the benefits first-hand. By utilizing our forward-thinking pharmacy solutions, these groups realized an average savings of 14.8% per employee per year, compared to those using other...
Apr 17, 2020 | Alternative Plan Design, Claims Management, Cost Savings, COVID-19, Direct-to-Employer Contracting, MedBen Rx Advocate, Plan Design, Prescription, Reference-Based Pricing, Self-funding, Third party administration, Wellness
BenefitsPRO reports that “employers’ health care benefit costs could jump by as much as 7 percent this year due to the COVID-19 outbreak – on top of the 5 percent increase that employers had previously projected before the pandemic.” That’s why it’s essential for...
Apr 7, 2020 | Announcements, Consumer-driven Health Plans, Flexible spending accounts (FSAs), Health reimbursement arrangements (HRAs), Health Savings Accounts (HSAs), News, Over-the-counter (OTC) drugs, Prescription, Regulatory
The CARES Act signed into law by President Trump on March 27 permanently reinstates coverage of over-the-counter (OTC) medications as eligible for reimbursement from FSAs, HRAs and HSAs without need for a prescription. Under the reinstated coverage, account funds can...
Apr 5, 2020 | Announcements, Caroline Fraker, Compliance, Consumer-driven Health Plans, Coronavirus, COVID-19, Dependent care assistance plan (DCAP), Family and Medical Leave Act (FMLA), Flexible spending accounts (FSAs), Health reimbursement arrangements (HRAs), Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs), Kentucky, News, Ohio, Over-the-counter (OTC) drugs, Prescription, Regulatory, Telemedicine
The COVID-19 pandemic has resulted in a rush of new federal and state laws to address the need for testing and treatment of the coronavirus, in addition to resulting issues from work and child care changes. Many of these rules directly affect MedBen clients, so it’s...
Mar 30, 2020 | Announcements, Caroline Fraker, Compliance, Coronavirus, COVID-19, Prescription, Regulatory
MedBen has prepared a summary of The Coronavirus Aid, Relief, and Economic Security Act – or CARES Act – which became law on March 28, 2020. While the majority of the CARE Act’s 335 pages deals with economic relief for American businesses, financial assistance for...
