According to Buck, RightOpt’s design can help employers reduce their health care costs and improve employee and dependent health outcomes through health insurance provider relationships that are negotiated and managed by the company.
Unlike other private exchange options, Buck claims, RightOpt will allow participating employers to use a national network of providers offered to employees based on the value each provider delivers in a specific metropolitan area. Employees located across the country would be able to access the more deeply-discounted networks of providers. The solution is planned to be available on both a self-funded and a fully insured model.
Buck’s health exchange strategy focuses on personalizing the member experience based on a family’s health, adversity to risk and preferences. A single access point portal would include member education, decision-support tools and health engagement resources.
The portal would also support the personalization of benefits in three key areas: Members would be allowed to “choose” their personally preferred plan options at enrollment; “use” those options effectively throughout the year; and “improve” or maintain their health risks over time.
“RightOpt can help address this challenge by enabling employers to promote a healthier and more focused workforce while driving costs out of the health care delivery system,” said Sherri Bockhorst, principal and leader, Buck Health Exchange Solutions.
More information is available through this podcast about Buck’s RightOpt exchange:
« Newport Group Announces Executive Benefits Appointment