Major PBMs Pocketed Nearly $9 Billion through Specialty Drug Pricing Practices, FTC Finds
Through specialty generic drug markups, three major pharmacy benefit managers (PBMs) earned a collective $7.3 billion above estimated acquisition costs over a five-year period, according to an interim report released by the Federal Trade Commission (FTC)....
The Essential Role of Primary Care in Cancer Detection and Prevention
Cancer mortality in the United States continues to decline, according to the new Cancer Statistics, 2025 report. From 1991 to 2022, almost 4.5 million deaths have been averted due to reductions in smoking, improvements in treatment, and earlier detection through...
MedBen Access Claim Submission Simplifies FSA/HRA
If your plan offers a flexible spending account (FSA) or health reimbursement arrangement (HRA), chances are members are already using their 2025 funds to pay for medical expenses. To simplify the process of substantiating these purchases, MedBen offers FSA/HRA claims...
MedBen 2024 Client Satisfaction Survey Results
Here are results from MedBen Client Satisfaction Surveys received in 2024 (rating averages based on a 1-to-5 scale): OVERALL SATISFACTION4.8 Claims Payment Accuracy4.8Claims Payment Turnaround4.8Client Services4.6Customer Service Courtesy & Professionalism4.7...
Prepping Your 1094/1095 Forms? There’s Good News!
As we enter 2025, all group health plan sponsors are facing the daunting task of preparing and filing 1094 and 1095 forms. But there's good news: Starting this year, employers are no longer required to automatically mail copies of individual 1095 forms to their...
Drugmakers Raising Prices on Over 250 Medications in Early 2025
Pharmaceutical companies are planning to increase prices on over 250 brand-name medications in the United States at the beginning of 2025, according to an analysis by health care research firm 3 Axis Advisors. That's a notable drop from last January, during which more...
Download the 2025 Compliance Deadlines List
The MedBen Compliance team has prepared the 2025 "Self-funded Plan Sponsors Annual Compliance Deadlines" list to help you stay current with all mandatory health plan regulatory requirements. MedBen clients can acquire this valuable reference document MedBen clients by...
Go Paperless – Make the Switch to Electronic EOBs!
Only about 10% of plan members have opted for electronic explanation of benefits (EOBs) through MedBen Access, but making the switch offers advantages beyond saving paper (though that's certainly a plus). By using MedBen Access online or through the mobile app,...
A Note from Our Chairman & CEO
On behalf of the MedBen team, I wish you all the best for the new year and thank you for your continued trust in MedBen. While MedBen has been serving employer groups since 1938, this past year our company marked 35 years of providing third party administration to...
Employers Cite Direct Contracting, Value-Based Formularies Among Cost-Saving Strategies
A recent "Pulse of the Purchaser" survey offers interesting insights about strategies employers are using to successfully lower their medical and pharmacy costs... strategies that, not surprisingly, have long been in use by many MedBen clients. Among them: Employers...
Review Your Plan Performance with MedBen Analytics Reporting
Want to take a deep dive into your 2024 plan performance? If so, there's a great reporting tool you may not be using: MedBen Analytics. Our online portal empowers you to make data-driven plan decisions through an employer dashboard, accompanied by a comprehensive...
Primary Care Essential to Better Heart Health
Primary care physicians are uniquely positioned to help adults improve their cardiovascular health by promoting simple and actionable lifestyle changes, the American Heart Association contends in a recent scientific statement. "Primary care plays a central role in...