Archive for October 15th, 2013

Are You Paying Competitive Fees For Your Cost Plus Plan?

Tuesday, October 15th, 2013

question 

Market Intelligence – Cost Plus Insurance/Reference Based Pricing Fees In Today’s Market

By William Rusteberg

“This is a competitive market. The difference in fees can be substantial. For example, a fee based on a percentage of billed charges can be significantly higher than a percentage applied to an allowed amount. The allowed amount equals what the Plan Document stipulates upon which a claim is paid…….Plans paying 12% of billed charges could save 50% or more utilizing a fee structure based on allowed amounts instead.”  (http://blog.riskmanagers.us/?p=11250)

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