Don’t Let Members Leave FSA Pre-Tax Dollars on the Table
In 2021, U.S. consumers spent $491 billion on out-of-pocket health care costs... but only $95 billion of those expenses were paid for with pre-tax dollars. For health plan members who have a flexible spending account (FSA) and aren't taking full benefits of their tax...
WellLiving Specialty Care Helps Defy Diabetes Trends
Consider these stats from the Centers for Disease Control and Prevention 2022 National Diabetes Statistics Report: As of 2019, 37.3 million people (adults and children) have diagnosed diabetes (11.3% of the US population).96 million adults (aged 18 years or older)...
Be Proactive about Biologics’ Growing Popularity
From earlier this year: "The global biologics market is expected to see a 12% growth rate and reach $420.55 billion by 2025, according to a new report by The Business Research Company." A drug therapy originating from living organisms, biologics is a...
MedBen Closed November 24 & 25 for Thanksgiving Holiday
MedBen will be closed on Thursday, November 24 and Friday, November 25 to celebrate Thanksgiving. We will reopen at 8:00 a.m. EST on Monday, November 28. Should you need claims and benefits information about your plan, our MedBen Access online service is available...
It’s Time to Prepare for Filing Your 1095s
Now is the time for self-funded employers to start thinking about and complying with a critical health care reform mandate: Providing the IRS with an accurate accounting of health coverage for full-time employees via IRS Forms 1094 and 1095. Per the Affordable Care...
Access Integrated Virtual Care Options Instantly with HealthJoy Enhanced Navigation
From helping patients find providers to offering virtual one-on-one medical consultations, MedBen's HealthJoy Enhanced Navigation offers your employees immediate 24/7/365 assistance... and that includes holidays. HealthJoy's Find Care service, which provides physician...
COVID Public Health Emergency Extended
On October 13, the Department of Health and Human Services renewed the COVID-19 public health emergency for another 90 days. This means that the Families First Coronavirus Response Act (FFCRA) requirement that health plans pay for COVID-19 testing (including antibody...
Alternative Reimbursement Strategies Win Big for Employers
Employers who use the pricing control and consistency of MedBen's alternative reimbursement strategies can lower their claim costs substantially compared to traditional PPO plans. Our proven solutions include: Traditional reference-based pricing...
Find Lowest Pharmacy Pricing with Member Prescription Portal
From WebMd: “Prices for medications may be very different from pharmacy to pharmacy, even within the same ZIP code. So you may be able to save money on your medicines by shopping around for the best price. “Every pharmacy... has its own markup on drugs. Prices...
New Graphing Tool Highlights National Employee Cost Trends
In conjunction with its new 2022 Employer Health Benefits Survey, KFF has created an interactive graphing tool that enables you to view U.S. employee cost trends by employer-sponsored coverage. The tool allows users to study changes in premiums and worker...
FSA Store – A Convenient Way to Spend Unused FSA Funds
"How do I spend down my extra FSA funds?" is a question MedBen regularly gets this time of year. Fortunately, there's a convenient way for your plan members to shop for useful FSA-eligible products before year's end (or before their grace period ends, as the case may...
Health FSA Contribution Max Jumps $200 in 2023
The IRS has announced 2023 cost-of-living adjustments for health flexible spending accounts (FSAs) and other tax provisions related to consumer-driven plans. The maximum voluntary employee salary reduction contribution to Health FSA gets a $200 bump, reflecting...