Bind personalized health plans now available to Virginia and Georgia fully insured groups
Virginia and Georgia fully insured groups with 51+ employees are now eligible to offer Bind personalized health plans.
- Select states
- Products and services
Once available only to self-funded groups, Bind is expanding its reach to the fully insured market in 2021. Bind offers the two ACA-compliant solutions nationwide to self-funded groups with 51+ employees, and to fully insured groups with 51+ employees in Florida, Ohio, Utah, Georgia and most recently, Virginia. Additional states will be added next year.
Bind plans are designed to be easier to use and understand — there is no deductible and no coinsurance. Instead, members can check prices and compare options prior to seeing a doctor or filling a prescription, with lower prices typically tied to higher value. This plan model leverages data and technology with informed decision-making, with proven results. Employers on the Bind plan saved up to 14% compared to traditional managed care. Bind studies showed members can save, too. Bind members’ out-of-pocket costs were reduced by up to 50% compared to the national average.
The results indicated that high member engagement and a different health plan design had the potential to help lower costs for employers and employees. When members have the tools to see cost and quality comparisons, as well as treatment options across conditions, they were more likely to choose differently.
To learn more about Bind personalized health plans, visit YourBind.com or contact your UnitedHealthcare representative.
Disclaimers: Not to be used as a consumer advertisement.
Administrative services for self-funded group health plans are provided by Bind Benefits, Inc., and in CA by Bind Benefits Administrators Services. For fully insured plans, insurance coverage provided by or through UnitedHealthcare Life Insurance Company (MN) and All Savers Insurance Company (for FL, GA, NC, OH, UT and VA). Administrative services may be provided by Bind Benefits, Inc., and United HealthCare Services, Inc., and its affiliates for insurance products underwritten by All Savers Insurance Company.
These policies have exclusions, limitations, and terms under which the policy may be continued in force or discontinued. For costs and complete details of the coverage, contact your UnitedHealthcare sales representative. © 2021 Bind. All rights reserved.
- Some programs aimed at utilization management. Moderately managed PPO models. Milliman 2019 Commercial Benchmarks using Milliman’s Degree of Health Management (DoHM) classification. Risk adjusted for demographics, geography and disease burden.
- Bind members’ average annual average OOP was $448, compared to a national annual average of $943. 2018 Health Care Cost and Utilization Report, Health Care Cost Institute, February 2020.
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