Reducing health care costs
What is a Value-Based Benefit?
Individuals receive richer benefits for following preventive and condition specific guidelines.Plan members pay less for health related costs when they are participating in preventive and condition specific health care services. For example:
- waive co-pays
- lower deductible
- cash rewards - health reimbursement account
Incentives are rewarded for:
- HealthInsight registration - personal health record
- Completing annual health screenings
- Participating in an annual biometric screening
- Following condition-specific guidelines
SeeChange Health's value-based plans reduce health care costs by encouraging individuals to play an active role in the management of their health. To accomplish this, we design benefit plans that provide members with financial incentives, such as reduced co-pays and lower deductibles, to encourage adherence to recommended preventive care and condition specific actions. Preventive health actions are assigned and tracked at an individual level. Individuals with disease states such as pre-diabetes, diabetes, asthma, and heart disease receive specific compliance requirements based on their medical condition.
