As a client of a UBA Partner Firm -- you have access to the nation's definitive employee benefits benchmarking assessment to analyze plan cost, funding methods, enrollment, plan design, coverage features, wellness, prescription drug coverage, and more.
Since 2005, UBA Partner Firms have advised and provided strategic guidance to thousands of employers nationwide regarding their employee benefits offerings.
Why is benchmarking beneficial to employers? Employee benefits benchmarking help employers gauge multiple factors regarding their health plan and benefit 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 and developing attractive employee benefits plans to attract and retain top talent.
UBA Partner Firms position themselves and their clients to thrive in the changing employee benefits marketplace.
UBA Partner Firm clients may benchmark their employee benefits plans to gain insights into:
Are company healthcare 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?
How does the company wellness program compare?
United Benefit Advisors® (UBA) | 20 N. Wacker Drive, Suite 500, Chicago, IL 60606 | 312.416.3660