Employers struggle to offer affordable, comprehensive health benefits to employees. The State of CT is providing a no-cost program to help!
The Connecticut State Innovation Model (SIM) Program Management Office (PMO) is now offering a technical assistance program to self-insured employers interested in providing value-based health benefits. Any self-insured employer with Connecticut residents enrolled in its health plan may apply by completing a short questionnaire.
As you know, Value-Based Insurance Design (VBID)
is a benefits strategy that improves employee health and productivity, and guides employers and employees to spend healthcare dollars more efficiently. VBID gives employees information and financial incentives to seek the right care, at the right time from the right provider. Over 150,000 Connecticut state and municipal employees, dependents and retirees already are enrolled in VBID plans. Forty percent of large employers offer VBID benefits, including Connecticut companies Pitney Bowes, Stew Leonard’s, and Electric Boat. Employers and health plans report success using VBID to help employees better manage their diseases, reduce use of costly services (like ED visits and hospital stays), and increase employee satisfaction by cutting employees’ out of pocket healthcare costs.
Over six months, selected employers will receive Technical Assistance that includes:
• Access to employer case studies, a library of VBID educational materials, and monthly updates with relevant news and trends.
• Expertise to organize and interpret data and select recommended VBID strategies
customized to the organization’s population and culture.
• Assistance communicating VBID strategies to employees and evaluating their impact.
• In-person meetings and webinars to receive education and guidance on VBID from national experts, and peer-to-peer learning with other employers implementing these strategies.
• Individual calls with experts to help employers address specific questions or challenges, facilitate conversations with third party administrators and benefits consultants, or coach staff.
To apply for technical assistance, employers should complete this short questionnaire
by February 28, 2019. For more information, please register
for our informational webinar on February 12 at noon.