Why Do Employers Self-Fund Their Health Plans?
That’s easy… Self–Funding saves money. Within a five-year period, self-funding offers a 95% chance of outperforming a fully insured plan. Also, a self-funded employer owns their data. This allows the employer to make informed decisions based on their needs, not the...
Reminder: COVID-19 Resource Center on MedBen.com
There have been many changes that have occurred during this COVID-19 pandemic. While MedBen is here to help with any questions you may have regarding federal and state regulation updates, we also want to remind you that we have created an online COVID-19 Resource...
2020 Client Report: Self-Funding Saves. MedBen Delivers.
“Studies have found that within a five-year period, self-funding offers a 95% chance of outperforming a fully-insured plan” states MedBen President and CEO Kurt Harden in the opening of the MedBen 2020 Client Report. And in this year’s report, we offer evidence of how...
MedBen Reference-Based Pricing Benefits Employers with Lower Costs, Better Wellness Outcomes
Now that one-third of MedBen's block of business uses some form of reference-based pricing (RBP) or direct-to-employer (DTE) contracting, these alternative reimbursement strategies are outperforming standard PPO plans in multiple ways. In terms of costs, MedBen...
Comparing Health Care Usage from 2019 to 2020
As the world has changed from the pandemic, so too has health care utilization. Comparing the months of January-June 2019 to January-June 2020 for the MedBen block of business, we find that per member: The biggest decreases in utilization are for surgical inpatient...
Hupp Completes Chamber Leadership Program
MedBen Regional Sales Manager Brooke Hupp recently completed the Community Leadership program offered through the Licking County (OH) Chamber of Commerce. The nine-month program teaches participants the importance of "strength-based" leadership and developing the...
Cancer Costs Projected to Exceed $245 Billion
A new study predicts that annual costs associated with cancer treatment are expected to exceed $245 billion by 2030, nearly a 34% increase from 2015 billing. Specifically, medical care costs are expected to grow to $221 billion, with prescription drugs adding another...
MedBen Analytics COVID-19 Impact Dashboard Highlights Health Care Changes
Our new MedBen Analytics COVID-19 Impact Dashboard offers a convenient way to see how the pandemic has affected your group’s health plan, and also allows MedBen to track how COVID-19 has changed health care utilization for our entire block of business. You can...
MedBen COVID-19 Protection Guide, Poster Now Available
MedBen has created a COVID-19 Protection Guide, highlighting recommended precautions from the Centers for Disease Control (CDC) to reduce your chances of catching the novel coronavirus. You can download an 8.5x11” version from MedBen.com. MedBen clients can also...
MedBen Customer Service Delivers Low Hold Times and First Call Resolutions
As part of our ISO Certification measures, MedBen reviews client surveys and internal tracking to ensure quality service to members. Some highlights from recent Customer Service surveys and tracking results: 4.8 out of 5 rating on representative professionalism and...
Comparing Traditional and Pass-Thru PBM Contracts
As an agent or a plan administrator, it is important to understand how PBM contracts compare – “not just in terms of the numbers calculated for things like discounts and rebates, but also in terms of how they function and align (or fail to align) with your client’s...
MedBen Closed July 3rd in Observance of Independence Day
MedBen will be closed on Friday, July 3rd in observance of Independence Day. We will reopen on Monday, July 6th at 8:00 a.m. EST. As always, should a need arise outside of business hours, plan members can check claims information, including status and EOB detail...