Value-Based Insurance Design (VBID) is a Medicare Advantage model that allows plans to tailor benefits to specific enrollee needs. VBID plans can offer reduced cost-sharing for high-value services (like diabetes management) and additional benefits for people with chronic conditions.
Key Points
- VBID: tailors benefits to specific enrollee needs
- Reduced cost-sharing for high-value services
- Additional benefits for people with chronic conditions
- Part of the VBID model test program
- An independent agent can identify VBID plans available in your area