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May Insurance Services

New Option for Employer Groups with +51 Employees

Employer groups with +51 employees, which includes both full-time and part-time employees, now have a new option for their medical coverage. Anthem's Balanced Funding offers stability with competitive pricing and great perks. It provides a predictable health plan arrangement that gives your employers more control, and rewards them when the employee...
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May Insurance Services

Reference-based Pricing is Gaining Momentum - Here's Why

Healthcare and pharmacy costs continue to rise. We have focused on the wrong issue. We don't have a healthcare issue; we have a billing issue. Reference-based pricing attacks the problem - targeting billing. Here's how it works - typically, a preferred provider organization network achieves a 50-60% discount on billable charges. However, after this...
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May Insurance Services

Premium Saver Can Reduce Healthcare Costs

Premium Saver can be an effective way to reduce healthcare cost. What is Premium Saver?  Premium Saver is an employer-sponsored supplemental insurance plan that is designed to help reduce the cost of group medical coverage while maintaining or increasing employee benefits. And adding Premium Saver to your employer's coverage means additional c...
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May Insurance Services

What You Should Know About Referenced-Based Pricing

Employee Benefits Adviser, 7/18/18 In my 25 years in the insurance business I've seen many changes. But there's always been one constant: Healthcare and pharmacy costs continue to accelerate and no regulatory action had been able to slow this runaway train. The problem is that we have focused on the wrong end of the spectrum. We don't have a health...
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