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Archives for: May 2017

05/30/17

IRS Announces 2018 HDHP Deductible, Out-of-Pocket Limits

As is the case every spring, the Internal Revenue Service (IRS) has released its guidance regarding the limitations for high deductible health plans (HDHP) for the coming calendar year. Rev. Proc. 2017-37 announces the limits that will apply to any HDHP… more »

05/26/17

MedBen Closed Memorial Day... But We're Open Online!

The staff of MedBen want to wish you and your family a happy and safe Memorial Day weekend! Our home office will be closed on Monday, May 29 in observance of the holiday. We will reopen at 8:00 a.m. on Tuesday, May 30. Should you need claims and… more »

05/25/17

  08:28:00 pm, by MedBen5   , 212 words,  
Categories: American Health Care Act

June Deadlines for CJR Participants

MedBen Analytics clients should note that several important deadlines are approaching for hospitals participating in comprehensive care for joint replacement (CJR): June 8, 2017 -- Last day to submit Calculation Error Form Clients who have received a… more »

05/24/17

  04:51:00 pm, by MedBen5   , 345 words,  
Categories: Wellness

May is Mental Health Awareness Month

Mental health does not receive nearly the publicity that it should compared to other elements of wellness. Even though one in five Americans suffer from mental illness, and over a million mental health screenings were completed online at Mental Health… more »

05/21/17

  11:11:00 pm, by MedBen5   , 252 words,  
Categories: Stop-loss, Cost savings, Third party administration, Captives

MedBen Stop-Loss Captive Offers Cost Savings Through Shared Risk

The MedBen stop-loss captive save clients money while reducing financial risk, says Jay Ritchie, Executive Vice President of Tokio Marine HCC. Speaking at the 2017 Employer Roundtable on May 11, Ritchie noted that the success of MedBen's captive is… more »
  11:05:00 pm, by MedBen5   , 327 words,  
Categories: News, Health Care Reform, Taxes, IRS

Reminder: PCORI Filing and Fee Deadline Approaching

As in years past, it's time for all self-funded employer health plan sponsors to file and pay the required Patient-Centered Outcomes Research Institute (PCORI) fee. While hope continues that payment of this fee may be suspended as part of the current… more »

05/19/17

  05:18:00 pm, by MedBen5   , 227 words,  
Categories: Announcements, News

Millard Completes Chamber Leadership Program

MedBen Director of Data Processing & Technical Compliance Wayne Millard recently completed the Community Leadership of Licking County program, offered through the Licking County (OH) Chamber of Commerce. For completing the nine-month program, Wayne… more »

05/18/17

  02:22:00 pm, by MedBen5   , 227 words,  
Categories: Announcements, News

Team MedBen Challenges Heart Disease at AHA Event

For the second year running (literally), MedBen participated with other area businesses in the Licking County HeartChase on Saturday, May 6 in Newark, Ohio. MedBen also served as a corporate sponsor for the event, which was created by the American… more »

05/05/17

  11:11:00 pm, by MedBen5   , 329 words,  
Categories: News, Health Care Reform, Self-funding, American Health Care Act

AHCA Clears House Hurdle, But Faces Uphill Senate Battle

It took a lot of old-fashioned wheeling and dealing, but on May 4 the Republican block of the House of Representatives managed to pass the American Health Care Act (AHCA) with 217 "yea" votes ‒ just one vote above the minimum number required for… more »

05/04/17

Check Your Compliance with HSA and HDHP Requirements

Health savings accounts (HSAs) are becoming more and more popular as a vehicle to empower health savings and lower premium costs, but the related regulations – particularly those pertaining to the associated high deductible health plan (HDHP) – can be… more »

05/02/17

  06:43:00 pm, by MedBen5   , 160 words,  
Categories: News, Hospitals, MedBen Analytics, Bundled Payments, Research, Value-based care

With Readmissions, Cost Savings Are in the Details

Among the advantages of MedBen Analytics' proprietary reporting platform is that it allows providers to drill down into hospital readmission data. Now, a new study demonstrates the financial value of this accessibility. University of Michigan… more »

05/01/17

  07:39:00 pm, by MedBen5   , 221 words,  
Categories: Prescription, Wellness, Cost savings, MedBen University, Municipalities

MedBen Municipality Group Costs Rose Just 1% in 2016

Municipality groups administered by MedBen are seeing only minimal cost growth, according to an analysis of industry-specific benchmarks at the 11th Annual MedBen Municipality Roundtable on March 30. In presentations to attending clients, MedBen… more »