Business Wire, July 27, 2010
SeeChange Health is the First Health Insurance Company to Offer
Value-Based Insurance Design VBID? Coupled with Health Savings Accounts
SAN FRANCISCO — SeeChange Health Insurance Company, a provider of value-based health
insurance plans to employers, will offer a variety of Health Savings
Account (HSA) products in parts of California beginning August 1, 2010.
The product launch will make SeeChange Health the first insurance
company to offer value-based HSA products to California employers.
The SeeChange HSA products will be available first in the Monterey and
Fresno areas, before expanding to the Los Angeles area later this year.
As with the overall SeeChange Health plan, the value-based HSA products
are designed to reward patients for taking an active role in managing
their health.
We reward individuals for seeing their doctor because we recognize
proactive health management and early detection of chronic conditions
will save employers money,? said Martin Watson, CEO of SeeChange Health.
Health Savings Accounts enable employees to have more control and
flexibility on how they spend their health care dollars. With our new
HSA products, we provide individuals with financial incentives to
encourage them to foster a relationship with their physician and
continually engage in their health management.?
With SeeChange Healths HSA accounts, employees may continue to
contribute pre-tax dollars into their existing Health Savings Account
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