Buck Consultants plans to launch RightOpt, a private health exchange for employers with 3,000 or more benefit-eligible employees.
|Buck's exchange is intended for fall 2013 enrollment. Buck's RightOpt health exchange design can help employers reduce their health care costs and improve employee and dependent health outcomes through health insurance provider relationships that are negotiated and managed by Buck, according to Sherri Bockhorst, Principal and leader, Buck Health Exchange Solutions.
|RightOpt would differ from other private exchange options by allowing participating employers to use a national network of providers offered to employees based on the value each provider delivers in a specific metropolitan area. Employees located across the country would access the more deeply-discounted networks of providers; a model many employers have avoided historically due to the administrative complexities. The solution will be available on both a self-funded and a fully insured model.
