UBA Partner Firms offer advanced analytics with our health plan benchmarking survey to provide their clients with objective plan data by region, industry, and size.
UBA Partner Firms position themselves and their clients to thrive in the changing employee benefits marketplace.
Health Plan Benchmarking
Since 2005, United Benefit Advisors® (UBA) Partner Firms have advised thousands of employers across the nation regarding their health plan offerings, their ongoing plan decisions in the face of significant legislative and marketplace changes, and the impact of these changes on their employees and businesses. Based on benefit plan information covering more than 1 million employees nationwide, the UBA Health Plan Survey provides accurate plan cost and design data. Health plan benchmarking helps employers gauge multiple factors regarding their health plan offerings. Choosing the right health care plans is highly localized, and national or carrier data can be misleading. Granular data is more accurate and can help employers make better strategic decisions when managing their benefit plan costs.
Employers benchmark their health plans to gain insights:
Are company premiums above or below the norm?
Are the levels of required employee contributions in line with competitors?
Are co-pays, deductibles, coinsurance, and out-of-pocket maximums for plans in line with averages for geography, industry, and size of the company?
How do the annual premium increases compare with other employers in the same area?
How do the prescription drug benefits compare?
Are cost-containment strategies in step with other companies in the same industry?
The UBA Health Plan Survey contains information on a wide range of health plan components, such as:
The 2021 UBA Health Plan Survey results reveal noteworthy trends and developments that can guide employers in benchmarking their plans against industry counterparts to make the most informed health care plan decisions possible.
A 2021 UBA Health Plan Survey Executive Summary includes:
Trends in types of health plans offered
Costs and renewal rate increases by plan type
Trends in plan deductibles and out-of-pocket maximums
Multi-tiered health plan choices
Prescription drug plans and wellness program trends
Comparisons by region, employer size, and industry
