MedBen Employees Honored at Annual Event
At this year’s annual employee recognition event on September 11, MedBen employees who reached anniversary benchmarks in 2020 were honored. Among those celebrating – Five-year anniversaries: Sara Burton, Bethany Peters, Betsy Rainbolt, Daryl Roudebush and Pamela...
“Wasteful Drugs” Cost Employers $6 Billion Annually
Employers could save billion of dollars every year by avoiding "wasteful drugs," according to BenefitsPro. Guidelines from Pacific Business Group on Health and and researchers from Johns Hopkins University identified 49 high-price medications with less costly...
2021 Summary of Benefits & Coverage (SBC) Changes
The Departments of Health and Human Services and Labor have issued updated templates for Summary of Benefits & Coverage (SBC). The Affordable Care Act requires self-funded health plans and insurers to provide an SBC every year to help employees make informed plan...
Health Care Utilization Begins to Rebound
According to an analysis issued by The Commonwealth Fund, health care utilization has begun a slow return to pre-pandemic levels as stay-at-home restrictions have been lifted. Major findings from the research, as reported by Healthcare Dive: As of Aug. 1, all...
Most Expensive Drugs in the U.S.
Myalept tops the list of the most expensive drugs currently sold in the United States, as compiled by GoodRx. Used to treat leptin deficiency, Myalept carries a list price of $71,306 for a 30-day prescription. Mavenclad, a multiple sclerosis treatment, follows at...
MedBen Closing Early on September 11 to Recognize Employees
On Friday, September 11, MedBen will be closing at 12:30 p.m. EST for a company employee recognition event. We will reopen at 8:00 a.m. EST on Monday, September 14. As always, even after hours many of your claims and benefits-related questions can be answered anytime,...
HDHP/HSA 2021 IRS Guidelines Update
MedBen Compliance has updated its High Deductible Health Plan (HDHP)/Health Savings Account (HSA) summary to include 2021 IRS guidelines. In 2021, the HDHP minimum required deductible will remain at $1,400 for self-only coverage ($2,800 for family coverage), while the...
A Health Plan Performance Snapshot… at Your Fingertips
If you’ve participated in a recent plan review with your Account Management team, you’re likely familiar with the Health Plan Snapshot, a report offered through MedBen Analytics. What you may not know is that as the plan administrator, you also can easily generate...
MedBen WellLiving Clients See Lower Costs, Higher Compliance Rates
MedBen WellLiving quality metrics beat national averages by 17.2%. And WellLiving clients are not only performing better on quality metrics, they’re also performing better financially: Claim costs per employee for WellLiving clients trended at 3.2% between 2016 and...
MedBen Closed September 7 in Observance of Labor Day
MedBen will be closed on Monday, September 7 in observance of Labor Day. We will reopen at 8:00 a.m. EST Tuesday, September 8. Even when we’re closed, MedBen Access stays open. You can find fast answers for your claims and benefits questions by going to our online...
MedBen Rx Advocate Continues to Save
Three-quarters of MedBen clients have switched to MedBen Rx Advocate for their pharmacy benefits. “And when they do, they are saving money,” said Brian Fargus, MedBen's VP of Sales & Marketing. In 2019 MedBen Rx clients saved 12.0% average cost per script, and an...
MedBen Analytics Employer Portal: A Resource for Plan Administrators
As a plan administrator partnered with MedBen, you have access to MedBen Analytics… at no cost. This online portal offers a variety of valuable and actionable data, from medical and prescription claims to a COVID-19 Impact Dashboard. All the information provided on...