Reference-Based Pricing — A “Transparent” Way of Paying Health Care Providers

By Manoj Rajwani, USI Vice President, Employee Benefits Employers and their employees continue to struggle with skyrocketing health care costs.  The job market is already competitive, and many companies are overwhelmed with  how to manage the benefit costs but still offer a quality program at the same time.  Many of those same organizations are diligent…

Stepping into Lower Drug Costs

Step therapy can save money but some say there can be a downside. One way to keep your health benefit plan’s overall costs lower is to encourage employees to choose generic drugs whenever possible. The U. S. healthcare system saved $1.68 trillion from 2005 to 2014 by using generic drugs, according to the IMS Institute…

What’s Hot in Insurance? Short-Term Care Policies

As more baby boomers retire, sales of short-term care insurance policies grow 20 percent. With the wave of baby boomers entering their golden years, sales of short-term care insurance policies grew 20 percent last year, a report by the National Advisory Center for Short-Term Care Information found. “Insurance agents are selling more short-term care insurance…