Transcript Document
Delivering Value Through Our Private Exchange Minnesota Health Action Group February 21, 2013 Proprietary andand confidential. NotNot to be copied or redistributed without written consent from Medica®. Proprietary confidential. to be copied or redistributed without written consent from Medica®. 1 Agenda My Plan by MedicaSM Accountable Care Organizations Employer & Employee Experience with My Plan Proprietary and confidential. Not to be copied or redistributed without written consent from Medica®. 2 My Plan by MedicaSM Proprietary and confidential. Not to be copied or redistributed without written consent from Medica®. 3 What is My Plan by Medica? Employer-Sponsored Defined Contribution What it is not What it is An individual product Employer sponsored group plan Employer chooses a few selected plans Employee chooses from a variety of plan options Employees see what they pay, but not the total cost Transparent recognition of the total cost and employer contribution Proprietary and confidential. Not to be copied or redistributed without written consent from Medica®. 4 What is Defined Contribution? $$ Predictable Employer Dollars EXPANDED PLAN OPTIONS Defined Contribution Health Benefits Proprietary and confidential. Not to be copied or redistributed without written consent from Medica®. 5 My Plan by Medica Shopping with My Plan $$ My Plan Account Proprietary and confidential. Not to be copied or redistributed without written consent from Medica®. 6 My Plan by Medica Premium Product portfolio 20 PLAN POOL Lean Benefit Designs Proprietary and confidential. Not to be copied or redistributed without written consent from Medica®. Rich 7 My Plan by Medica Shopping with My Plan My Plan Decision Support Tool No Employee Dollars $$ Employer Dollars LOW PLAN More Employee Dollars Some Employee Dollars $$ Employer Dollars $$ Employer Dollars PLAN PlanMEDIUM Options HIGH PLAN Plan Recommendations Proprietary and confidential. Not to be copied or redistributed without written consent from Medica®. 8 My Plan by Medica Shopping with My Plan $$ Employer Dollars Proprietary and confidential. Not to be copied or redistributed without written consent from Medica®. 9 My Plan by Medica Unique service approach Employees use personalized tools and resources to help them select the plan that best meets their needs for coverage and cost Pre-Enrollment Service & Support My Plan Total Service Team Approach Dedicated pre-enrollment advisors available (My Plan Advisors) Dedicated My Plan service team for members, employers and brokers A customized website designed for employees as they complete their plan selection and enrollment process My Plan members access information about Medica tools and resources, view plan benefits, EOBs and account specific information 1-855-3myplan myplanbymedica.com 1-855-2myplan mymedica.com Proprietary and confidential. Not to be copied or redistributed without written consent from Medica®. 10 Defined Contribution The evolution of health benefits Current Approach Future Approach (next 3-5 years) Employer selects health plan and funds 100%. Employer offers private exchange/defined contribution. Employer provides options and employees contribute %. Employees choose form public exchange. 0 20 40 60 80 Percentage Source: Data derived from AON Hewitt Corporate Health Exchange Survey, March 2012 Proprietary and confidential. Not to be copied or redistributed without written consent from Medica®. 11 Accountable Care Organizations Proprietary and confidential. Not to be copied or redistributed without written consent from Medica®. 12 What is an ACO? Accountable Care Organization (ACO) A healthcare organization that provides coordinated care to a defined population and is accountable* for: Cost Quality Outcomes Consumer experience *An ACO is accountable to patients it serves and the third-party payer with which it is partnered. Proprietary and confidential. Not to be copied or redistributed without written consent from Medica®. 13 The Evolution of My Plan: ACO Partnerships Proprietary and confidential. Not to be copied or redistributed without written consent from Medica®. 14 Employer & Employee Experience with My Plan Proprietary and confidential. Not to be copied or redistributed without written consent from Medica®. 15 My Plan by Medica Market reaction Interest exceeds expectations Early adopters: — Varied in size and industry — Focused on cost management and more choice for employees High levels of employer and employee satisfaction My Plan renewals: 100% Over 75 employers have implemented My Plan by Medica, representing 22,000 members Proprietary and confidential. Not to be copied or redistributed without written consent from Medica®. 16 Employer Experience Employers are controlling costs — Majority are holding contributions flat Employers are offering choice — Majority of employers offer all 20 plans Employers are experiencing high levels of employee appreciation and engagement Proprietary and confidential. Not to be copied or redistributed without written consent from Medica®. 17 Employee Experience Communication and appropriate resources key to success My Plan Advisors utilized by employees from every company More than 90% enrolled via Web Employees appreciate transparency and flexibility Importance of choice validated through selection of all plans Proprietary and confidential. Not to be copied or redistributed without written consent from Medica®. 18 A Strategy that Works Employers are better managing costs and providing employees with more choice Employees are taking advantage of Choice — All plans chosen & 80% HSAs — 40% have chosen an ACO Care Systems are engaging differently Proprietary and confidential. Not to be copied or redistributed without written consent from Medica®. 19 Thank You Proprietary and confidential. Not to be copied or redistributed without written consent from Medica®. 20 Employer Experience Barbara Watters Vice President of Human Resources Proprietary and confidential. to be copied or redistributed. Proprietary andand confidential. NotNot to be copied orNot redistributed without written consent from Medica®. Proprietary confidential. to be copied or redistributed without written consent from Medica®. 21