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Category: "Cost savings"

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05/08/15

  03:58:00 pm, by MedBen5   , 211 words,  
Categories: News, Health Plan Management, Cost savings

"Considering" Self-funding? At MedBen, Employers Are Buying It

In a recent interview by Employee Benefit Advisor, a representative from a national employee business service company says that fully-insured employers with as few as 50 employees "are seriously considering self-funding." At MedBen, our experience is… more »

04/30/15

  03:43:00 pm, by MedBen5   , 255 words,  
Categories: News, Health Plan Management, Reporting, Cost savings

5.5% Health Care Spending Growth Estimated For 1st Quarter 2015

Based on a preliminary federal estimate of economic activity in the first quarter of 2015, health care spending will continue to increase at a higher rate than in previous years, Modern Healthcare reports. Data released on April 29 by the U.S.… more »

04/22/15

  02:38:00 pm, by MedBen5   , 203 words,  
Categories: Announcements, News, Prescription, Cost savings

Pharmacy Cost Report Shows How "Middle Men" Can Save Money

Businesses often advertise that they "cut out the middle man and pass the savings on to you." And indeed, sometime that's an effective money-saving strategy. But not always. Case in point: A new report on cost management for Medicaid pharmacy benefits… more »

04/17/15

  04:38:00 pm, by MedBen5   , 401 words,  
Categories: News, Health Plan Management, Cost savings

Municipalities Get Benefit Planning Advice At MedBen Roundtable

Government business representatives gathered on April 16 at the C. Arthur Morrow Conference Center in Newark, Ohio for the 9th Annual MedBen Municipality Roundtable. Current MedBen clients were able through the presentations to see how their plan costs… more »

04/06/15

  04:16:00 pm, by MedBen5   , 242 words,  
Categories: News, Wellness, Cost savings

CDC: U.S. Death Rate From Hypertension Continues To Rise

The overall death rate from high blood pressure continues to rise in the United States, suggests a new report from the Centers for Disease Control and Prevention. According to HealthDay News, the report found that U.S. deaths linked to hypertension… more »

03/30/15

  08:31:00 pm, by MedBen5   , 203 words,  
Categories: Announcements, News, Prescription, Discounts, Cost savings

MedBen Self-funded Clients See Average 8% Rx Spending Drop In 2014

In 2014, MedBen self-funded clients experienced an overall average 8% decrease in pharmacy spending per member per month while most employers were experiencing 12% increases. Employers who worked with MedBen drove higher generic utilization by aligning… more »

03/25/15

  09:56:00 pm, by MedBen5   , 276 words,  
Categories: News, Consumer-driven Health Plans, Cost savings

The True Value Of High-deductible Health Plans

High-deductible health plans (HDHPs) frequently get a bad rap as a way that employers can shift more health care costs over to employees, or as a deterrent for employees to get needed care. But when used effectively, HDHPs can benefit employer and… more »

03/12/15

  08:32:00 pm, by MedBen5   , 748 words,  
Categories: News, Prescription, Health Plan Management, Health Care Reform, Taxes, Reporting, Cost savings

MedBen University Roundtables Offer Industry Insights, Timely Advice

At MedBen, we are dedicated to giving our clients the information they need to make smart benefits management decision, in part through a variety of education session through MedBen University (MBU). In addition to presentations on such topics as… more »

02/27/15

  05:06:00 pm, by MedBen5   , 442 words,  
Categories: News, Health Plan Management, Health Care Reform, Taxes, Stop-loss, Cost savings

First MedBen University Of 2015 Draws Big Crowd

MedBen kicked off its 2015 MedBen University (MBU) season in fine fashion, as an attentive audience filled the Morrow Conference Center on February 26 to receive timely information about health benefits management. This year's first session,… more »

02/09/15

  11:43:00 pm, by MedBen5   , 393 words,  
Categories: News, Cost savings

When It Comes To Hospital Costs, Geography Plays A Big Role

A recent study demonstrates how medical costs differ greatly across the U.S. -- and begs the question of how much of that cost variation is justified. According to Forbes, the analysis from the Blue Cross and Blue Shield Association showed that the… more »

02/03/15

  06:39:00 pm, by MedBen5   , 316 words,  
Categories: News, Wellness, Cost savings

Diabetes Cost Trend Underscores Usefulness Of Wellness Programs

A new study offers a sobering reminder that practicing healthy habits won't simply improve your lifestyle -- it'll potentially save you a bundle of cash to boot. MedCity News reports that economists at the Centers for Disease Control and Prevention… more »

01/23/15

  10:21:00 pm, by MedBen5   , 392 words,  
Categories: Wellness, Cost savings

Importance of Yearly Wellness Exams Doesn’t Stop with Preventive Care

We've read a fair amount of opinion pieces lately that question the need for an annual physical examination. Invariably, they come down to the same premise: Does the money saved from detecting a serious condition in its early stages offset the cost of… more »

01/14/15

  09:41:00 pm, by MedBen5   , 231 words,  
Categories: News, Health Plan Management, Health Care Reform, Cost savings

Most Employers Predict Continued Commitment To Group Health Coverage

Despite this year's introduction of the employer mandate and uncertainty about the Affordable Care Act in general, most employers say they're committed to providing group health care coverage for the foreseeable future, a recent study finds. Employer… more »

12/10/14

  05:51:00 pm, by MedBen5   , 334 words,  
Categories: News, Wellness, Cancer, Cost savings

U.S. Health Trends Troubling... But There's A Cure

Two recent studies form a troubling picture of our nation's collective health: The United Health Foundation's annual analysis of the USA's health revealed that the obesity rate increased from 27.6% to 29.4% of adults in 2013. Nearly a quarter of… more »

12/05/14

  05:29:00 pm, by MedBen5   , 270 words,  
Categories: News, Health Care Reform, Cost savings

MedBen VP Fraker Talks ACA, Small Business Benefits With Columbus Business First

MedBen Vice President of Compliance Caroline Fraker recently spoke with reporter Carrie Ghose about changes coming to the Affordable Care Act in 2015. Portions of their discussion are highlighted in a Columbus Business First article. Among the ACA… more »

12/04/14

  11:08:00 pm, by MedBen5   , 316 words,  
Categories: News, Health Plan Management, Reporting, Cost savings

Health Care Spending Trends Are Good, But MedBen Saves Employers Even More

U.S. health care spending rose just 3.6% in 2013, the lowest increase since began tracking the rate in 1960, the Centers for Medicare and Medicaid Services (CMS) announced yesterday. That's down from the 4.1% increase from 2011 to 2012 Reuters reports… more »

11/20/14

  09:05:00 pm, by MedBen5   , 112 words,  
Categories: News, Wellness, Cost savings

Study: Absenteeism Linked To Obesity Costs U.S. Employers Billions

Absenteeism among obese workers in the United States costs employers about $8.65 billion each year, according to a study published in the latest issue of the Journal of Occupational and Environmental Medicine. Costs associated with obesity-related work… more »

10/28/14

  09:42:00 pm, by MedBen5   , 285 words,  
Categories: News, Health Plan Management, Cost savings

Ability To Compare Health Care Costs Saves Patients Money, Study Finds

When it comes to health care cost savings -- in particular, the money that comes out of the patient's pocket -- every little bit helps. And a new study suggests that with a bit of research, patients can keep a bigger share of their hard-earned money.… more »

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