Pricing

It is important here to stress that RED ARC's remuneration arises from the sponsors of the service and NOT from the providers ... that would bring into question our ability to act independently and in the best interests of the individual customer.

RED ARC's pricing usually follows 'Group' principles.

What constitutes a group depends on the circumstances. Typically it might be

   • a book of insurance policyholders

   • or a membership or affinity group

Adopting this approach usually allows everyone in the group to be included in the service. Key determinents of the pricing will usually be

   • scope of service

   • volumes

   • likely utilisation levels

In some designs, for example, our old age care service, the age disposition of the group may also be a factor.

Scheme sponsors may decide to absorb the cost of providing the scheme from within existing charges or margins, or pass the cost on by way of a small extra charge on premiums or membership fees.