Keeping employees both engaged and focused on their work requires an authentic interest in who they are as both employee and human being. We believe these 5 tips are the key: 1 – Set specific, measurable goals The single most impactful thing you can do to help employees stay focused despite the daily evolution of their role in your company …

As an HR professional, you’re charged with not only maintaining benefits that are competitive and meaningful but also staying within budget for your department. Staying within budget is often the most challenging aspect of the human resource professional’s role; after all, competitive benefits come at a price. Here, we share 4 ways to keep creeping HR costs low: #1 Avoid …

With reference-based pricing (RBP) from FairPrice, accessing health coverage information no longer requires navigating a labyrinth of documents and phone calls. To find out what medical providers participate in your plan and how much care will cost, all you have to do is reach for your phone or log onto your computer. For, FairPrice is ushering RBP into the digital …

RBP Benefit 7: FairPrice help you Avoid Government Penalties   Reference-based pricing offers many benefits over traditional health insurance options. Perhaps most importantly, though, reference-based pricing health coverage plans can be designed to meet current Affordable Care Act requirements. Additionally, they’ll likely continue to be compatible with any future changes in the nation’s healthcare laws. Both of these are important …

RBP Benefit 6: 4 Ways RBP is Saving Companies Money   Traditional health insurance policies’ premiums continue to increase year after year, but reference-based pricing offers an antidote to ever-rising health coverage costs. By fundamentally changing how healthcare costs are determined and paid, reference-based pricing promises to drive down expenses over time. This will benefit employers and employees, who together …

RBP Benefit 5: Protect your employees from high insurance costs   As healthcare expenses continue to rise, both employers and employees are becoming increasingly wary of how much health coverage costs. Solutions like reference-based pricing that offer cost savings hold a lot of promise for both employers and employees. These aren’t the only parties who benefit from the savings provided …

RBP Benefit 4: Streamline your Company’s Health Insurance Process   Coordinating health coverage and medical care necessarily involves multiple parties. Traditional health insurance policies, however, involve one more party than there has to be — health insurance company managed care networks (i.e. PPO). By eliminating the need for health insurers networks, reference-based pricing streamlines health coverage and makes many people’s …

RBP Benefit 3: Happier Employees   Health benefits significantly affect how employees view their compensation packages, but the cost of traditional health insurance is often too much for employers to bear. In order to meet employees’ expectations for health insurance and still run a financially viable business, employers frequently shift some health care costs to employees. This almost always upsets …

RBP Benefit 2: Simplified Billing that Everyone Can Understand   Reference-based pricing works on a simple system. Before receiving medical care, employees find out the following: how much a provider will charge, how much their employer will reimburse and how much they’ll have to pay. Compared to the bloated billing system that health insurance companies use today, reference-based pricing is …

RBP Benefit 1: No more Negotiating with Health Insurance Companies   When compared to traditional health insurance, reference-based pricing (RBP) has many advantages. Its benefits for employers and employees are well documented, but the benefits that reference-based pricing offers human resources representatives are less widely covered. Here’s a look at one of the benefits that RBP offers HR directors and …