“Gag Clause” Deadline Is December 31st
An important reminder: Group health plans are required to attest that they are in compliance with the Consolidated Appropriations Act’s gag clause prohibition no later than December 31, 2023. The 2021 federal law requires that all group health plan sponsors file an...
Season’s Greetings from MedBen!
MedBen will be closed to observe Christmas Day on Monday, December 25, and reopen at 8:00 a.m. EST on Tuesday, December 26. For the New Year’s holiday we will be closed on Monday, January 1, and reopen at 8:00 a.m. EST on Tuesday, January 2. Remember that if you need...
It’s Time to Prepare for Filing Your 1095s
It is that time of year when self-funded employers need to start preparing for 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 Act,...
MedBen Employees Again Answer Santa’s Call
This year, MedBen partnered with Families Helping Families and House of New Hope, and received the Christmas wish lists of 14 children. Through multiple employee fundraising drives throughout the year, we were able to make sure each child's "wish list" came true. For...
Pharmacy Costs, Cancer Among Top Employer Considerations for 2024
A recent survey of large employers by the Business Group on Health revealed considerations that self-funded plans expect to focus on in the coming year, including: Pharmacy costs. High-priced drugs and overall pharmacy costs are a source of concern for over 90% of...
MedBen Client Saves 62% through Claims Review and Negotiation
A MedBen client realized an overall savings of 62% through repricing, forensic claims review, and provider negotiation. The client in question received a claim for IV infusion to a member with iron deficiency. After the PPO discount, MedBen saw an opportunity to...
MedBen Rx Portal Helps Members Find Drugs at the Best Prices
In addition to the pharmacy solutions MedBen Rx provides to lower employer drug spend, plan members also have a great resource to help keep their prescription costs down. The MedBen Rx Prescription Portal, available through MedBen Access online or via our mobile app,...
Weight Loss Drugs Continue to Pressure Health Plan Costs
In light of all the attention that weight loss drugs have received lately – as well as the pricing havoc these drugs have been causing in some pharmacy plans – the following news items have caught our attention: North Carolina says its health plan will...
Protecting Your Data Is a Team Effort
When you place your trust in MedBen, we pledge to never take that trust for granted... and when it comes to data security, we have always been vigilant. Here's why: Since 2016, health care ransomware attacks have resulted in downtime-related losses of more than $77...
MedBen Closed November 23 & 24 for Thanksgiving Holiday
MedBen will be closed on Thursday, November 23 and Friday, November 24 to celebrate Thanksgiving. We will reopen at 8:00 a.m. EST on Monday, November 27. Should you need claims and benefits information about your plan, our MedBen Access online service is available...
FSA Contribution Max Increases $150 in 2024
On November 9, the IRS announced cost-of-living adjustments for FSAs. The annual employee contribution limit will increase to $3,200 in 2024, up from $3,050 in 2023. If your FSA allows a carryover of unused amounts, the maximum carryover amount is $640 in...
Better Blood Pressure Begins at Home
As chronic conditions go, hypertension is one that many of us deal with on a daily basis. Nearly half of Americans adults in the U.S. suffer from high blood pressure, but only about 1 in 4 have the condition under control, many through the use of prescription drugs....