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MedBen Shatters Industry Norms

05/19/19

MedBen Shatters Industry Norms

MedBen building

MedBen medical and pharmacy claim costs rose only 0.4% per employee for clients in 2018, shattering national data norms that reported an average of 6% cost increases. Our pharmacy claim costs alone dropped 2.7% last year, due to the introduction our new program MedBen Rx Advocate.

Those low numbers are in keeping with recent MedBen activity. From 2015 to 2018, MedBen clients saw a medical/pharmacy claim cost trend of 4.5%, compared to a four-year national claim cost trend of 6.55% (based on a recent survey).

What does that difference in four-year trend mean for employers? For a 300-life group, it can add up to about three-quarters of a million dollars in savings.

To learn more about MedBen strategies for reducing your claim costs, contact our Marketing Department at 888-627-8683 or bfargus@medben.com.

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