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RBP (Reference Based Pricing)

Paying a set multiple of Medicare rates for medical services.

Real-Time Integration

A tech connection that updates employee data across all benefit platforms instantly.

Rebate

A discount given by a drug manufacturer to a PBM in exchange for formulary placement.

Reference-Based Pricing [RBP]

A cost-containment strategy where the plan pays providers a set percentage (e.g., 140%) of Medicare...

Reinsurance

Insurance for insurance companies (or self-insured employers) to protect against massive claims.

Remote Work Stipend

Funds provided to remote employees for home office equipment internet or coworking spaces.

Residential Treatment

Long-term care in a facility for severe mental health or substance use issues.

Retroactive Adjustment

A payroll correction that applies to a previous pay period.

RMD (Required Minimum Distribution)

The minimum amount you must withdraw from your retirement account each year once you reach...

Roth Contribution

An after-tax retirement contribution that allows for tax-free withdrawals in retirement.