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MedBen Cost Trend Remains Low... Especially for WellLiving Clients

06/02/17

  10:01:00 pm, by MedBen5   , 172 words,  
Categories: Announcements, News, Wellness, Cost savings, Third party administration, Self-funding

MedBen Cost Trend Remains Low... Especially for WellLiving Clients

Caduceus and bills

Through effective claims management and intelligent plan design, cost trend for MedBen clients in 2016 was only 3.9%. And from 2012 to 2016, client cost trend averaged just 3.5% over the five-year period.

But there's more to the story. MedBen clients who utilized our WellLiving personal wellness program saw even smaller trend: just a 1.6% bump in costs from 2014 to 2016. (Nearly 40% of our clients currently provide WellLiving to their employees.) Comparatively, national health care cost trend has averaged about 6-7% in the past several years.

The MedBen WellLiving approach of uncovering and closing gaps in care helps employer health plans to improve outcomes, better coordinate treatment, and optimize efficiency and revenue. For our WellLiving clients, that translates to even lower long-term costs, in addition to gaining a healthier workforce.

For MedBen, finding ways to help clients save money and improve population health is important to us, because we know just how important it is to them. Learn more about the many ways we can benefit your business by contacting Vice President of Sales & Marketing Brian Fargus at bfargus@medben.com.

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