Dec 20, 2019 | Affordable Care Act, Announcements, Cadillac Tax, Caroline Fraker, IRS, News, PCORI, Self-funding
On December 19, the Senate passed the $1.4 trillion end-of-year spending package that will fund the government through September 2020. The bill brings self-funded employers good news and bad news: If signed by President Trump, it would finally repeal the so-called...
Nov 15, 2019 | MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance, Pharmacy Benefits Manager (PBM), Prescription, Rx Costs, Savings, Self-funding
Prescription drug pricing is regularly a hot topic in the news and from political candidates. While lawmakers seek to address consumer concerns, MedBen already has innovative pharmacy solutions in place that offer employers price transparency and cost savings. With...
Nov 11, 2019 | Alternative Plan Design, MedBen Rx Advocate, Self-funding
A Benefits Pro article entitled “How top employers are upping their benefit packages to attract talent” hits on many of the key components of self-funding. According to a recent survey, the most-cited ways that employers strengthen their employee rewards include...
Nov 1, 2019 | Bundled Payments, Cost Savings, Direct-to-Employer Contracting, Reference-Based Pricing, Self-funding, Third party administration
Alternative pricing strategies like reference-based pricing, direct-to-employer contracting, and commercial bundled payments are gaining in appeal – but these solutions are nothing new for MedBen. Many of our clients have had these strategies in place for years and...
Oct 31, 2019 | Cost Savings, Savings, Self-funding, Third party administration
According to the National Business Group on Health, large companies predict the total cost of workplace health care coverage to increase 5% from 2019. Meanwhile, MedBen continues to remain below not only national trend, but also below the national average cost. For...
Oct 30, 2019 | Cost Savings, MedBen Analytics, Mobile App, Online Services, Privacy, Security, Self-funding, Third party administration
In a recent survey, 95 percent of employers said they consider technology a “must-have” or “very important” in their day-to-day job functions. Additionally, 78 percent of employers said they’re satisfied with the frequency of communication about technology from their...
