Reference Based Pricing Companies Process And Benefits
Reference Based Pricing, another word is Cost plus Pricing. It also refers to pricing outside of traditional insurance carrier or pricing outside of rented networks. Selecting an insurance plan for employees is one of the difficult tasks because of influx. There are two types in insure plans, but it is one of the biggest decision to make as an employer in between these two plans.
• Fully insured health plan
• Self-insured health plan
A fully insured health plan is a traditional option. In a fully insured health plan company pay a premium to the insurance carrier. A self-insured health plan is also called a self-funded plan. In self-funded plan employers can operate in own insurance plan, this can make to save money. Using this Reference Based Pricing is another way to claims price option for a self-insured plan.
The process is done in Reference Based Pricing Companies
The...