Article reposted with permission from BenefitsPro. Written by Edward Day
In recent years, rising health care costs have forced small business employers to explore more cost-saving options like reference-based pricing (RBP) when it comes to offering group health benefits.
In BenefitsPro's recent article, How reference-based pricing is recalibrating buying benefits, they point out that "as health care becomes an ever-increasing portion of expenses, employers are no longer willing to rely on the hollow assurances of Preferred Provider Organization (PPO) contracts".
According to David Massey, Senior Vice President at Brown & Brown, “employers benefit options are limited; they can’t continue to absorb the increasing cost of benefits, passing costs on to their employees has run its course, paring down benefits is actively being considered or do they stop offering health benefits all together?”
Reference-based pricing (RBP), once considered a non-traditional option, is now gaining attention for small to mid-sized businesses.
It's a health plan alternative worth learning more about to make sure you’re spending your health care dollars wisely.
Read the full BenefitsPro article here.
Founded in 1970, Allied is one of the nation's oldest and most experienced third-party administrators. Allied National is a 90 Degree Benefits Company, a subsidiary of Blue Cross Blue Shield Alabama. As the small group benefit experts, Allied works with small business employers to provide unique and affordable group health benefits.
Welcome to the Allied Blog
Allied National is a 90 Degree Benefits Company, a subsidiary of Blue Cross Blue Shield of Alabama. Founded in 1970, Allied National is one of the nation's oldest and most experienced third-party administrators. We're the small group benefit experts working to provide unique and affordable group health benefits to small business employers.