Thursday, October 30, 2014

2014 UBA Health Plan Survey, The Nation’s Largest Employee Benefits Benchmarking Survey

 

Data in the 2014 UBA Health Plan Survey is based on responses from 9,950 employers sponsoring 16,967 health plans nationwide. This unparalleled number of reported plans is nearly three times larger than the next two of the nation’s largest health plan benchmarking surveys combined. The resulting volume of data provides employers of all sizes more detailed — and therefore more meaningful — benchmarks and trends than any other source.

The survey’s focus is intended to provide a current snapshot of the nation’s employers rather than covered employees. Results are applicable to the small to midsize companies that comprise approximately 98 percent of the nation’s 5 million-plus employers, as well as to larger employers, providing benchmarking data on a more detailed level than any other survey.


2014 Health Plan Survey Information

Executive
Summary

Survey
Benchmarking


2013 Health Plan Survey Information

Executive
Summary

Survey
Benchmarking


2012 Health Plan Survey Information

Executive
Summary

Why Benchmarking?

Employers are increasingly challenged to find accurate information that will help them evaluate their health plan design, manage rising costs and prepare for the future of health care. Making the right strategic business decisions starts with having all the facts.

Have All the Facts: Benchmarking data from the UBA Health Plan Survey can help you gauge a wide range of factors regarding your health plan offerings, such as:

  • Are company premiums above or below the norm?
  • Are the levels of contributions you require your employees to pay in line with your competitors?
  • Are copays, deductibles, coinsurance and out-of-pocket maximums for your plans in line with averages for your geography, industry and size?
  • How do your annual premium increases compare with other employers in your area?
  • How do your prescription drug benefits compare?
  • Are you in step with the cost-containment strategies being implemented successfully by other companies in your industry?

 

As health care exchanges go online and fewer businesses are burdened with a full health care plan, an interest in voluntary products continues to grow. United Benefit Advisors released preliminary results from its Ancillary Products Survey, which indicates vast differences in voluntary benefits offered by employer size, region and industry, highlighting the importance of using local benchmarking data in benefits planning.

Know what others in your industry or area are offering when it comes to voluntary benefits.

The 2014 UBA Benefit Opinions Survey provides employers who participate with critical data that allow them to compare their attitudes and strategies regarding employer-provided health care with those of their peers and competitors. This survey will reveal which strategies are actually being implemented (rather than just talked about) and which ones are really working.

The survey delineates employers' opinions in five key areas: Health Plan Strategy, Benefits Philosophy and Opinion, Health Plan Management, Personal Health Management, and Employee Communications. The survey compiles information from employers representing all major industry classifications, employee size categories, and regions of the country.

 

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