SIMPMO: Value Based Insurance Design

{Value Based Insurance Design}

Value-based insurance design (VBID) is an innovative insurance strategy that seeks to improve health and control rising health care costs by promoting the use of high value services and providers through consumer incentives. High-value services are those that have a strong evidence-base, enhance clinical outcomes, and increase efficiency.

The SIM recognizes VBID as an important component of our overall strategy to improve the quality of healthcare and reduce costs. As such, the SIM organized a multi-stakeholder VBID consortium to develop insurance templates for employers and health plans to use in the development of their own products. The SIM is committed to working with health plans and employers to support further adoption of VBID plans.

The resources on this page are provided to serve as tools in the design and adoption of VBID plans. The SIM PMO continues to work with employers, health plans, consumers/advocates, and providers to design materials that will further enable widespread adoption of these plans across the State.

Public comment sought on revised manuals through September 17, 2017. Click here for more information.

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Content Last Modified on 8/17/2017 4:43:50 PM