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Category: "Compliance"

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08/10/18

  01:42:00 pm, by MedBen5   , 235 words,  
Categories: Cost savings, Third party administration, Compliance, Self-funding, Regulatory

Self-Funding: Savings, Flexibility, Regulatory Freedom

There are plenty of benefits for employers who make the switch from fully-insured health care coverage to self-funding – and we’d be happy to share them all with you anytime – but perhaps the best reasons can be summed up quite simply: Savings,… more »

07/11/18

  03:29:00 pm, by MedBen5   , 257 words,  
Categories: Announcements, Compliance, MedBen Employees

MedBen Names Kelly Director of Compliance and Medical Management

MedBen is pleased to announce the promotion of Erin Kelly to Director of Compliance and Medical Management. Kelly most recently served as Compliance Manager for the Newark, Ohio- based benefits management company. Kelly started at MedBen as a Customer… more »

07/01/18

  03:23:00 pm, by MedBen5   , 237 words,  
Categories: Prescription, Wellness, Cost savings, Research, Third party administration, Preventive care, Compliance, Trend

Beating Cost Trend Difficult, But Not Impossible

"Healthcare costs increasing at unsustainable pace" a recent Modern Healthcare headline reads. In a new study, PricewaterhouseCoopers predicts a 6% medical cost trend in 2019, as expensive new medical services and drugs and market consolidation make it… more »

MedBen Closed On July 4th, but MedBen Access Stays Open

Happy Independence Day from MedBen! In observance of the holiday, our home office will be closed on Wednesday, July 4 and reopen at 8:00 a.m. on Thursday, July 5. Hopefully your day off is all about cookouts with friends & family and community… more »

06/29/18

Fraker, SPBA Members Talk Transparency in D.C.

On June 19 and 20, MedBen Vice President of Compliance Caroline Fraker revisited Washington, D.C. with fellow members of the Society of Professional Benefit Administrators (SPBA) Board of Directors, to speak with government officials on matters of… more »

05/31/18

  10:43:00 pm, by MedBen5   , 265 words,  
Categories: News, Health Care Reform, Taxes, Compliance, PCORI

Reminder: PCORI Filing and Fee Deadline Approaching

As in years past, all self-funded employer health plan sponsors are required to file and pay their Patient-Centered Outcomes Research Institute (PCORI) fee no later than July 31, 2018. All self-funded plan sponsors are required to pay a fee based on the… more »

05/02/18

  11:21:00 pm, by MedBen5   , 387 words,  
Categories: News, Compliance, Legislation, Regulatory

Fraker and Fellow SPBA Members Meet with Congressional Offices

MedBen Vice President of Compliance Caroline Fraker was among a group of self-funded benefits professionals who recently visited the Capitol to offer their expertise to Congress in the drafting of health care legislation. In a series of meetings on… more »

04/19/18

  10:33:00 pm, by MedBen5   , 212 words,  
Categories: Announcements, Mental Health Parity (Federal), Health Care Reform, Compliance, MedBen Employees, HIPAA

MedBen Compliance Director McNair Retiring

It is with warm wishes – and yes, understandable sadness – that MedBen announces the retirement of Director of Compliance Annette McNair on April 30, 2018. In a way, Annette’s retirement marks the end of an era at MedBen. Annette was part of the… more »

03/05/18

  08:57:00 pm, by MedBen5   , 205 words,  
Categories: News, Compliance, ERISA

MedBen ERISA Disability Claims Document Available for Download

The MedBen Compliance team has created a document outlining the final regulations relating to disability claims under the Employee Retirement and Income Security Act (ERISA), which will become effective on April 1, 2018. You can download this document… more »

01/14/18

  05:09:00 pm, by MedBen5   , 345 words,  
Categories: News, Wellness, Compliance

Judge Vacates EEOC Wellness Program Rules

“When you’re finished changing, you’re finished.” Ben Franklin’s words ring true for those still struggling with the EEOC’s workplace wellness incentive rules. The EEOC’s May 2016 final rules outline how employers are permitted to offer wellness… more »

12/12/17

  04:00:00 pm, by MedBen5   , 256 words,  
Categories: Announcements, News, Privacy, Third party administration, Compliance, MedBen Employees

Fraker to Serve as SPBA Secretary/Treasurer

MedBen Vice President of Compliance & Chief Privacy Officer Caroline Fraker will serve as Board Secretary/Treasurer of the Society of Professional Benefit Administrators (SPBA) for the 2018 year. Fraker joined the board in 2015. As… more »

11/19/17

  10:50:00 pm, by MedBen5   , 351 words,  
Categories: News, Health Care Reform, Compliance

Labor FAQ Outlines Special Enrollment Guidance

Earlier this year, the Department of Labor (DOL) issued another FAQ in its series addressing implementation of the Affordable Care Act (ACA). In addition to guidance on the 21st Century Cure’s Act and other items, the DOL’s FAQ Part 35 focuses on new… more »

11/15/17

  11:26:00 pm, by MedBen5   , 209 words,  
Categories: Compliance

By the Numbers: Your 2018 Health Plan Budget

Working on your 2018 health plan budget? If so, you’ll want to keep the following limitations and penalties in mind. The following apply as of the first day of your plan’s 2018 plan year: Out-of-Pocket Maximums $7,350 for self-only (employee-only)… more »

09/22/17

  10:31:00 pm, by MedBen5   , 274 words,  
Categories: Security, Third party administration, Compliance, MedBen Employees

Fraker, Crain Moderate SPBA Conference Sessions

MedBen Vice President of Compliance & Chief Privacy Officer Caroline Fraker was among the session moderators at the Society of Professional Benefit Administrators (SPBA) Fall Conference on September 13-15, 2017. Fraker has served as a SPBA board… more »

07/27/17

  03:20:00 pm, by MedBen5   , 261 words,  
Categories: Wellness, Compliance

When Using Wellness Technology, Follow the Rules

FitBits and other wearable fitness trackers are popular incentives for worksite wellness programs, but employers need to exercise caution about how data from these devices is used, according to new rules from the Equal Employment Opportunity Commission… more »

03/26/17

  10:27:00 pm, by MedBen5   , 440 words,  
Categories: News, Health Care Reform, Compliance

AHCA Withdrawal Leave Lingering Questions about Health Care Reform's Future

On March 24, House Speaker Paul Ryan pulled the American Health Care Act (AHCA) ‒ the vaunted replacement to Obamacare ‒ from the floor, lacking the votes to pass the bill. So what happens next? And what can employers do to let their voices… more »

02/26/17

  09:32:00 pm, by MedBen5   , 313 words,  
Categories: News, Health Care Reform, Taxes, Compliance

Capping Tax-Deductible Employer Health Coverage a Bad Idea, Says Fraker

Earlier this month, House Republican leaders released an outline of their plan to replace the Affordable Care Act (ACA). The outline doesn't indicate how the plan would be paid for, but one frequently cited GOP funding suggestion ‒ capping the tax… 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 »

12/27/16

  03:49:00 pm, by MedBen5   , 311 words,  
Categories: Health Care Reform, Taxes, Compliance, Employer Mandate

ACA Uncertainty Troubles Employers; MedBen Compliance Ready to Help

With all the talk these days about repealing and replacing the Affordable Care Act (ACA), it's little wonder that its uncertain future troubles many businesses. But as health care reform is potentially "re-reformed," the MedBen Compliance team will be… more »

12/22/16

  10:00:00 pm, by MedBen5   , 226 words,  
Categories: Compliance, ERISA

ERISA Electronic Distribution Summary Available from MedBen

Since its inception, the Employee Retirement Income Security Act of 1974 (or ERISA), as amended, has required employers and plan administrators to provide certain information and documentation to group health plan participants and beneficiaries. These… more »

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