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LAS VEGAS — As healthcare costs rise, employers are increasingly looking for ways to offer workers better quality care at more reasonable prices.
Reference-based pricing could be one of those options for self-insured employers and although it has been around for some time, not many are familiar with it.
Amanda Schiavo is an associate editor of Employee Benefit News. Follow her on Twitter at @SchiavoAmanda.
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As healthcare costs climb, more large employers are contracting directly with hospitals and health systems to work out prices, improve quality and steer care.
Asking difficult questions, pushing for transparency, and challenging how prices are set have helped a healthcare provider offer better coverage to its employees.
With health benefit costs expected to rise 8.2% in 2027, employers are looking for ways to control spending without simply shifting more costs to workers.
Supplemental offerings such as vision, dental, accident and life insurance provide preventive care and essential coverage when things go wrong.
From fiduciary guidance to financial education, advisers are taking on more responsibility as sponsors expand investment choices and focus on participant outcomes.
