ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Trustmark Health Benefits Partners With Teladoc Health to Launch New Virtual-First Health Plan Services

myVirtualCare Access leverages expertise from Aon to bring cost-effective plan design to self-insured employers

Trustmark Health Benefits, Inc. today announced the launch of their first virtual-first health plan design in partnership with Teladoc Health, the global leader in whole-person virtual care. Teladoc Health’s primary care service, Primary360, sits at the center of the health plan design and is complemented by the full suite of virtual care services, including chronic care management and mental health. The offering is specifically designed to address persistent challenges in cost and access to high-quality healthcare for millions of consumers, especially those who do not have an ongoing relationship with a primary care provider. The Trustmark myVirtualCare Access, Care by Teladoc, offering will be available nationwide to self-funded employers beginning in calendar year 2022. Trustmark Health Benefits, a leading national health benefits administrator, will act as the third-party administrator. Leading global professional services firm, Aon, provided knowledge, expertise and was influential in developing the solution.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211108005272/en/

The myVirtualCare Access offering combines the convenience and access of virtual care with a modern, attractive plan design meant to reinvent the consumer healthcare experience. Through the offering, members establish an ongoing relationship with a primary care provider of their choosing paired with a dedicated care team to help navigate their healthcare experience. Benefits include reduced care costs, improved outcomes and a unified member experience.

The myVirtualCare Access offering leverages Teladoc’s best-in-class care delivery in conjunction with Trustmark’s health benefit administration capabilities and bricks and mortar network integration. The virtual-incentivized benefit design includes $0 co-pays for all virtual services as well as preferential co-pay/cost sharing for all-in person services coordinated by the Teladoc Primary360 team. Additionally, by embedding the networks of multiple national carriers, members who select myVirtualCare Access can continue to receive care with existing relationships. The simple benefit design streamlines a complex healthcare ecosystem and empowers members to better manage their health. Each member receives a personalized care plan, tailored to the member’s health journey and includes the ongoing management of chronic conditions ranging from diabetes and hypertension to obesity and depression.

“We believe that virtual-first benefit designs represent the convergence of employer and consumer demand and are the next step in unlocking the true power of whole-person virtual care. We are excited to power Aon and Trustmark’s innovative modern benefit design and look forward to the impact we will have on both member health and the overall cost of care,” said Kelly Bliss, Teladoc Health President, U.S. Group Health. “This offering will be compelling for employees that increasingly demand virtual care and for plan-sponsors’ searching for a modern and affordable plan design.”

Trustmark Health Benefits can now offer the Trustmark myVirtualCare Access, care by Teladoc, benefit design to its current and prospective self-funded clients. “Trustmark creates value for its self-funded clients through innovative and creative solutions that help them make informed decisions that will save them and their members money. We have had a long-standing relationship with Teladoc Health, which provides virtual care to our clients, and we are excited to expand this relationship to include the myVirtualCare Access offering,” said Nancy Eckrich, President, Trustmark Health Benefits, Inc. “We believe that this transformative offering will expand access to primary care services through an integrated and consumer-centered healthcare experience that will help reduce healthcare costs for employers and their members.”

Aon’s thought leadership was instrumental to the design and structuring of this new offering. “Aon shares a similar vision as Teladoc Health and Trustmark Health Benefits in their desire to transform care delivery by incenting individuals to use primary care physicians as an entry point to care,” said Stephanie DeLorm, senior vice president, Health Solutions, Aon. “We estimate that a virtual-first model could reduce employer medical plan costs by as much as 10 percent. The recent expansion of virtual care will continue beyond the global COVID-19 pandemic, spurring even greater adoption. The timing is right for a virtual-first health plan to be offered as an option at annual open enrollment for employee benefits, as organizations continue to look for ways to build more resilient workforces.”

About Trustmark

Trustmark Mutual Holding Company, through its operating divisions and subsidiaries, including Trustmark Health Benefits, offers specialized expertise in voluntary benefits, self-funded health plan design and administration, and the delivery of fitness, recreation, and injury prevention and treatment programs. Trustmark offers all sizes of employers access to benefit options usually reserved for large companies, combined with the personal service you would expect from a small firm. Our commitment to building long-term, trusted relationships helps people and businesses thrive. Trustmark: benefits beyond benefits. Visit us at www.trustmarkbenefits.com

About Teladoc Health

Teladoc Health empowers all people everywhere to live their healthiest lives by transforming the healthcare experience. As the world leader in whole-person virtual care, Teladoc Health uses proprietary health signals and personalized interactions to drive better health outcomes across the full continuum of care, at every stage in a person’s health journey. Ranked best in KLAS for Virtual Care Platforms in 2020 and #1 among direct-to-consumer telehealth providers in the J.D. Power 2021 U.S. Telehealth Satisfaction Study, Teladoc Health leverages more than a decade of expertise and data-driven insights to meet the growing virtual care needs of consumers and healthcare professionals. For more information, please visit www.teladochealth.com or follow @TeladocHealth on Twitter.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.