Prepping for the 2025 Health Care Cost Forecast
Health care costs in the United States are projected to see their steepest rise in over a decade during 2025, with multiple industry analyses forecasting increases between 7% and 8% year-over-year (see table below). However, MedBen offers solutions that directly...
Dittoe, Kane Celebrate 35 Years with MedBen
At a recognition event on October 18, MedBen honored employees who are celebrating benchmark anniversaries with the company in 2024. We congratulate all this year’s celebrants and thank you for everything you do for our clients! Two employees have achieved a...
MedBen Closing Early on October 18 for Employee Recognition Event
On Friday, October 18, MedBen will be closing at 12:00 p.m. EDT for a company employee recognition event. We will reopen at 8:00 a.m. EDT on Monday, October 21. As a reminder, many of your claims and benefits-related questions (including those pertaining to...
Harden, Yu Highlight Genomic Testing Benefits at Healthcare Innovation Conference
MedBen Chairman & CEO Kurt Harden and Profero Team Director of Precision Medicine Cynthia Yu were featured presenters at the 11th Annual Sherrill-Morgan Healthcare Innovation Conference on September 18th. Harden and Yu spoke on the topic of genomic testing — what...
Disparate PBM Pricing Practices Put Independent Pharmacies at Risk of Closure
KFF Health News reports on the disparity between pharmacy benefit manager (PBM) payments to large pharmacy chains compared to small drugstores: "[An American Pharmacy Cooperative] analysis early this year showed chains were paid well beyond the family business for...
Rise in Specialty Drug Spend Spurs Innovative Cost-Saving Solutions
Specialty drugs continue to drive up pharmacy costs, accounting for over 50% of total drug spend for many self-funded health plans, despite being used by a small percentage of patients. But pharmaceutical and administrative solutions are available to help reduce that...
Be Sure to Remind Your Members about 2024 FSA Deadlines
If your plan offers a flexible spending account (FSA) and has a January effective date, please pass on these important reminders to your members. Upcoming FSA Deadlines: December 31, 2024: Last day to use 2024 FSA funds March 31, 2025: Final day for 2024 reimbursement...
MedBen “2025 ACA by the Numbers” Summary Available for Download
Is it time to start work on your 2025 employee health plan budget – or are you wondering about the 2025 Affordable Care Act (ACA) health plan's limitations and affordability percentages? MedBen can help. Our Compliance team has compiled "ACA by the Numbers," a...
Tri-Agencies Release Women’s Health and Cancer Rights Act FAQ
On October 21, 2024, the Tri-Agencies (HHS, DOL, and Treasury) jointly issued FAQs About Affordable Care Act and Women’s Health and Cancer Rights Act Implementation Part 68. The document provides clarification of preventive service coverage of pre-exposure prophylaxis...
The Best Quality Care Starts Early, Says Harden at Conference
On October 1, MedBen Chairman and CEO Kurt Harden spoke on the topic "A Third-Party Payer’s Approach to Providing Quality Care While Minimizing Cost" at the 2024 Ventegra Client Conference. Ventegra serves as MedBen Rx's pharmacy benefits partner. "As a third-party...
Vision Specialists Share Their Better Eye Health Don’ts
An annual eye exam is essential to ensuring good vision and minimizing disease risk, but proper eye care shouldn't end there. Several eye doctors recently shared some things they don't do in order to maintain good ocular health. Among them: They don’t sleep in contact...
TV Drug Ad Spend Focuses on Low-Benefit Medications
KFF Health News warns consumers not to take TV drug ads at face value: "A 2023 study found that, among top-selling drugs, those with the lowest levels of added benefit tended to spend more on advertising to patients than doctors. 'I worry that direct-to-consumer...