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Category: "Health Plan Management"

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11/05/17

  01:55:00 am, by MedBen5   , 220 words,  
Categories: Health Plan Management, Cost savings, Research, Third party administration, Trend, Claims management

MedBen Beats Trend by Focusing on Claim Costs

Medical plan trend has kept stable over the last few years. Even so, MedBen has consistently remained under national trend by emphasizing the highest driver of plan costs – claims. According to the 2018 Segal Health Plan Cost Trend Survey, medical… more »

08/27/17

MedBen Client Report Highlights Population Health Management Services

The health care landscape may continue to shift, but MedBen remains focused on providing clients with cost-effective, employer-directed administrative services. In our 2017 MedBen Client Report, we look at the various way we're working with employers to… more »

04/14/17

MedBen Helps Clients Controls High Claimant Costs

High cost claimants are among the leading contributors to health care spending, topping even medical inflation, pharmaceuticals and specific diseases. A study from the American Health Policy Institute and Leavitt Partners found that claimants who cost… more »

03/12/17

Final Reminders for MedBen University Roundtables

Two MedBen University industry-specific roundtables are just days away... so if you've been thinking of attending, now is the time to register! On Thursday, March 23, MedBen will host the 15th Annual Hospital Roundtable, sponsored by ISU Stop-Loss.… more »

02/12/17

  11:33:00 pm, by MedBen5   , 256 words,  
Categories: News, Health Plan Management, Cost savings, Research

Health Care Costs Top Consumer Concerns... and MedBen's, Too

Even with issues like national security and immigration grabbing the headlines these days, health care costs still rank high on the list of American concerns, a new survey suggests. Likewise, finding ways to control client health care costs continually… more »

01/15/17

  11:11:00 pm, by MedBen5   , 268 words,  
Categories: Announcements, News, Health Plan Management, Client Services, MedBen University

MedBen University Starts 2017 Season with Industry Roundtables

Now going into our 16th year, MedBen University (MBU) continues to offer free educational seminars across the Midwest. Our team of benefits management professionals covers a variety of subjects, from cost-saving strategies to regulatory updates. This… more »

01/05/17

  10:49:00 pm, by MedBen5   , 290 words,  
Categories: News, Health Plan Management, Compliance

Federal Judge Halts a Portion of the ACA’s Section 1557 Regulations

Over the past few months, MedBen has provided information to our clients about the ramifications and compliance requirements of the Affordable Care Act’s (ACA's) Section 1557 regulations, which prohibits employers and organizations (covered entities)… more »

12/29/16

  03:47:00 pm, by MedBen5   , 219 words,  
Categories: Wellness, Health Plan Management, Cost savings, Third party administration, Self-funding

Self-funding Allows Employers to Flex Cost Saving Muscles

With health care spending expected to reach one-fifth of the U.S. gross domestic product by 2025, it's more important than ever for businesses to have a greater degree of cost control with their health plan. Toward that goal, MedBen continues to help… more »

12/01/16

  07:58:00 pm, by MedBen5   , 245 words,  
Categories: Prescription, Health Plan Management, Cost savings

Specialty Drug Growth Shows No Signs of Slowing

The increasing popularity of specialty drugs has brought new challenges to health plan management. However, MedBen has closely followed their growth, and works with clients to develop strategies that balance their medicinal advantages with realistic… more »

11/20/16

Thanksgiving Observances and Online Services

Happy Thanksgiving from the staff of MedBen! We hope that you and your family have a fun, safe, and relaxing holiday. To observe the holiday, MedBen will be closed on Thursday, November 24 and Friday, November 25. We will reopen at 8:00 a.m. on Monday,… more »

11/16/16

  08:34:00 pm, by MedBen5   , 263 words,  
Categories: Health Plan Management, Taxes, Consumer-driven Health Plans, Cost savings, IRS, Ancillary benefits

Doing FSA Homework Saves Members Money

The tax-free benefits of flexible spending accounts (FSAs) helps plan members to save money on their health care spending... but using FSAs to their maximum advantage requires a bit of prior planning. Many FSA members are currently deciding how much of… more »

10/10/16

  07:58:00 pm, by MedBen5   , 260 words,  
Categories: Health Plan Management, Cost savings

Cost Savings from Self-Funding? It's All about Control

A recent EBN opinion piece on self-funding makes the observation that "TPAs have no financial incentive to comprehensively review all [claim] payments." At MedBen, we believe just the opposite ‒ as a third party administrator, it is entirely in… more »

09/30/16

  03:27:00 pm, by MedBen5   , 292 words,  
Categories: Health Plan Management, Taxes, IRS

Cadillac Tax Out of Sight, But Shouldn't Be Out of Mind

With the implementation of the controversial Cadillac Tax postponed until 2020, it's easy for employers to put thoughts of it on the backburner... or hope that it simply goes away. But neither approach is a sound strategy, which is why MedBen recommends… more »

09/28/16

  05:04:00 pm, by MedBen5   , 282 words,  
Categories: News, Prescription, Health Plan Management, Cost savings, Research, Third party administration

Health Spending Spike: What's Your Plan?

U.S. health care spending growth has been relatively moderate this decade, but some recent numbers suggest that costs could soon see an upswing. For employers, it's an ideal time to review their current health plan administrator and ensure that measures… more »

09/20/16

  07:39:00 pm, by MedBen5   , 237 words,  
Categories: Announcements, Prescription, Health Plan Management, Cost savings

New MedBen Client Report Spotlights Budget-saving Solutions

Group health care plans can take up a sizable chunk of employer budgets, but MedBen offers a variety of ways to free up a portion of those funds for other business matters. In our new MedBen Client Report, we highlight some of the methods we use to… more »

09/09/16

  03:15:00 pm, by MedBen5   , 231 words,  
Categories: Prescription, Health Plan Management, Cost savings

Precision Prescription Coverage Starts Now

While precision medicine is in its relative infancy, its implications for our future health is significant. Tapping into that which makes us unique as individuals ‒ genetics, lifestyle, and environment ‒ improves the chances of better… more »

08/31/16

  03:22:00 pm, by MedBen5   , 268 words,  
Categories: News, Health Plan Management, Health Care Reform, Cost savings, Research, Third party administration

Self-funding Switch Makes Financial, Regulatory Sense

A new benefits survey indicates that the trend of switching from fully insured to self-insured is expected to grow by 35% in the next two years. This is to no surprise since fully-insured groups continue to see high premium cost growth. According to… more »

08/26/16

  07:47:00 pm, by MedBen5   , 244 words,  
Categories: Prescription, Health Plan Management, Cost savings

High Rx Prices Call for Private Sector Solutions

A recent Harvard Medical School study of how prescription drug prices are set suggests that, despite presidential campaign promises of reduced costs through government intervention, current conditions make it difficult for them to make significant… more »

08/22/16

  07:51:00 pm, by MedBen5   , 246 words,  
Categories: Wellness, Health Plan Management, Cost savings, Bundled Payments, Research

Employers Take Lead with Value-Based Benefit Designs

As more hospitals gravitate away from traditional fee-for-service to alternative payments methods, self-funded groups are making changes to their health care plans to capitalize on the potential savings. According to an analysis by the National Business… more »

08/19/16

  07:35:00 pm, by MedBen5   , 285 words,  
Categories: News, Health Plan Management, Health Care Reform, Research

Private Exchanges — Hype Doesn’t Equal Interest

There's been a lot of hype lately about how private health insurance exchanges ‒ a system in which employees receive a set allowance to select an insurance plan from multiple vendors ‒ are the next big thing in group coverage. But as is… more »

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