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Take a bite out of health care premiums
And keep your employees healthy at the same time with Value Based Open Option plans.
Looking for ways to save money on premiums while preserving benefits that keep employees healthy and financially secure?
You can lower out-of-pocket costs for the services that your employees use most with our new Value Based Open Option and prescription drug plans. You save up to 5 percent on premiums compared to our standard plans.
How do employees save money?
We've discounted copays and waived the deductible on the services that employees use most to stay healthy. Employees save money on preventive care, including check-ups, routine immunizations and flu shots, mammograms, colonoscopies and nutritional counseling for weight loss. Take a closer look.
Employees with high blood pressure, diabetes, asthma and other chronic diseases save money with ultra-low copays for their prescriptions on our value pharmacy plans.
What's the trade-off?
Unlike our other plans, Value Based Open Option plans have a deductible in front of lab, X-ray and emergency services.
- Employees who make the most of preventive and routine care typically pay less out-of-pocket.
- Employees who overuse X-ray, lab and emergency-room care typically pay more.
- Everyone enjoys the same comprehensive coverage and out-of-plan benefits.
- All copays and coinsurance apply to out-of-pocket maximums.
A square deal for employees
Value Based Open Option benefits are transparent and easy to understand.
- No new exclusions
- No new prior authorizations
- No unexpected fees
A square deal for you
About 90 percent of your health insurance premium goes directly to paying your employees' medical costs.
Value Based Open Option plans help you balance what employees contribute based on the services that they use most – while offering you up to 5 percent in premium savings across the board.
Ask for a quote
Providence Health Plan is committed to getting you to an affordable premium while preserving the benefits that keep your employees healthy and productive.
Ask your broker or a Providence Health Plan representative about how our value-based benefit designs and other options can help.
