SIMPMO: Value Based Insurance Design

{Value Based Insurance Design}









Value Based Insurance Design News

Attention Employers! Free Program to Improve Health Benefits for Employees
Employers struggle to offer affordable, comprehensive health benefits to employees. The SIM Program Management Office has a new, no-cost program to help. 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. The SIM 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. For more information, please read the VBID Technical Assistance Fact Sheet. Interested employers may participate in webinars to learn more on December 20th at noon and January 18th at noon. The PMO is taking applications through January 31, 2018. Please submit any questions to aharrington@freedmanhealthcare.com.




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 12/8/2017 10:59:41 AM