The FairCost Health Plan is an innovative plan design seamlessly integrated with a High-Performance Healthcare Solutions platform that provides best-in-class benefits at substantially lower costs while improving clinical and financial outcomes for health plans and their members.
FairCost is committed to delivering actively managed EMPLOYER-BUILT Healthcare to replace the archaic passively managed Insurer-Built Healthcare so prominent in the marketplace today.
Deconstructing a health plan, and then rebuilding it component by component, requires access to the right FairCost partners with the right solutions, as well as access to the right technology platforms and resources to implement these recipes. Components are like bricks used in building a home for building high-performing health benefits plans.
Each FairCost component or subcomponent must accomplish the goals of:
- Lowering the cost of care
- Improving the quality of care
- Enhancing the patient experience
- Bettering the clinician or caregiver experience.
This lens ensures that it only includes best practices, tactics, standards, and vendors that will ensure a FairCost principles-based plan accomplishes what the plan’s members and employers (or whoever is paying for care) value.
The FairCost Team
Carl Schuessler, Jr.
With more than 30 years of experience in benefits consulting and financial services, Carl pioneered the fiduciary approach to benefits advisory services. His passion for fixing the problem of runaway health-care costs in this country and his desire to treat the employer’s money as his own led him through years of research culminating in the development of his proprietary FairCo$t Health Plan. This innovative plan design seamlessly integrates 20+ cost containment solutions with a high-performance health-care solutions platform. This combination provides first-class benefits at substantially lower costs to employers all while realizing better clinical outcomes for plan members.
A founding Health Rosetta Charter Certified Advisor and The 2022 Executive Leader Healthcare Leader of the Year, Carl and Mitigate Partners have been nationally recognized for their work in creating localized, employer-built, health-care plans in Forbes, Entrepreneur, Innovation & Tech Today, Physician Outlook Magazine, Free Market Medical Association, and Bold TV. By removing misaligned incentives, directing care based on quality and cost, and, ultimately, helping courageous employers fix their plans, employers are saving 15-to-30 percent in their healthcare spend. An accomplished speaker, Carl often rallies audiences with stories of how Mitigate Partners are challenging Wall Street (insurer-built) health plans by creating Main Street (employer-built) health plans and bending the healthcare cost curve.
In 2017, Carl was selected as one of the first group of 30 forward-leaning Benefits Advisors in the U.S. to participate as a Charter Member in the Certification Program for Benefits Advisors. The Health Rosetta is a blueprint of best practices for intelligently purchasing health benefits that’s been sourced from the most forward leaning benefits purchasers of all types around the country. The Health Rosetta Accredited Advisor Program is an exclusive ecosystem of healthcare advisors who have illustrated exceptional transparency, innovation, and execution in the areas of risk management, employee benefits, and high-performance plan design. The Health Rosetta’s creator, Dave Chase, recently published a book that I think you’ll find valuable that also mentions us, The CEO’s Guide to Restoring the American Dream: How to Deliver World Class Health Care to Your Employees at Half the Cost.
By serving as a Fiduciary and Steward of our client’s health plan dollars, and focusing on how to reduce the cost of healthcare (rather than the cost of insurance), we operate more as Population Health Managers rather than as “Brokers”, allowing our team to specialize in Cost Containment and Risk Mitigation strategies that result in dramatic reductions in the overall health plan spending of our clients. Our more than 150 years of combined experience in benefit planning, allows us to offer our clients improved cash flow, “employer friendly health plans” and lower cost trends over time.
Carl has successfully networked with other trusted partners/vendors such as insurance companies, PBM’s, TPA’s, health care destinations, employee benefit communication companies, and onsite clinics. To the delight of his clients, he has a proven track record of bringing comprehensive HighPerformance Healthcare Solutions to businesses regarding healthcare costs, benefit design, improved medical outcomes, and improved employee communications. Carl is an employer advocate and provides easily understood solutions and encouragement to employers.
Carl is a native of Macon, Georgia, moved to Atlanta in 1989, and resides there with his wife, Missy and their three children, Mary May (27), Carl III (25) and Hattie (22). He enjoys children’s activities (coached 43 of his children’s teams), fly fishing, golfing, hiking, and hunting.
Jared Mongold
Jared believes all can go above and beyond by regularly taking that one extra step – doing that little thing that most people think about but convince themselves won’t make a difference. Eventually all those steps add up and there is tangible improvement in the world around us.
Jared Mongold joined Insurance Office of America in August 2020 as an Employee Benefits Advisor. Before joining IOA, Jared was a Senior Benefits Advisor at Brown & Brown.
Jared has over a decade of insurance experience advising middle-market clients on group benefits and commercial insurance, primarily focused on emerging technology, aerospace, construction, and community service. He is dedicated to creating innovative benefits programs that maximize both financial performance and access to quality healthcare.
Jared is licensed in both Life and Health and Property and Casualty. A native Floridian, he earned a Bachelor of Science from the University of Florida’s Warrington College of Business Administration. He is a proud husband and father to three rambunctious boys under five years old.