News
Reference-Based Pricing
Posted 04.06.17
Employers who use reference-based pricing have the potential for two main benefits: lower total health care expenses and higher employee engagement in health care decisions. Referenced-based pricing works by setting spending limits on certain procedures or services—meaning an individual would only be covered up to the established limit for these services and would have to pay the cost difference out of pocket.
There are a number of considerations to make when implementing reference-based pricing, given the complexity of the model. NEEBCo can support employers with vendors who are reliable and experienced in the reference-based pricing process.
Reference the attached article on reference-based pricing and contact your NEEBCo representative with questions.