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NAR (Net After Rebate)

The actual cost of a drug to the employer after all PBM rebates are subtracted.

Narrow Network

A smaller curated group of providers that offers lower costs for higher quality.

Near-Site Clinic

A health center located close to a company for employees and their families.

Negotiated Rate

The discounted price an insurance company has agreed to pay a provider for a service.

Net Cost

The final cost of healthcare after all discounts rebates and fees are applied.

Net Pay

Take-home pay after all taxes and benefit deductions have been removed.

Network Pharmacy

A pharmacy that has a contract to provide drugs to plan members at a discount.

Neurodiversity

The concept that neurological differences (like ADHD or Autism) are natural variations of the human...

New Hire Onboarding

The process of integrating a new employee and enrolling them in benefits.

Non-Exempt Employee

An employee who must be paid overtime for hours worked over 40 per week.

Non-Participating Provider

A healthcare provider who does not have a contract with your insurance company.

Non-Preferred Drug

A drug not on the formulary list usually requiring a much higher copay.

Nondiscrimination Testing

Annual IRS tests to ensure benefit plans do not favor highly compensated employees.