WHY SHOULD YOU CONSIDER BENCHMARKING?
Comprehensive Health Plan Topics: The UBA Health Plan Survey contains information on a wide range of health plan-related topics, including high-deductible health plans, health savings accounts (HSAs), health reimbursement accounts (HRAs), employee consumerism, wellness programs, chronic disease management programs and more.
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 co-pays, 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?
Since 2005, United Benefit Advisors® (UBA) has surveyed and 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 responses from 11,788 employers sponsoring 21,980 health plans covering more than 1 million employees nationwide, the UBA Health Plan Survey is the nation’s largest proprietary health plan benchmarking survey and it provides more accurate plan cost and design data than any other source.
THE UBA HEALTH PLAN SURVEY EXECUTIVE SUMMARY
The 2020 UBA Health Plan Survey results reveal noteworthy trends and developments that bear scrutiny and the ongoing attention of employers interested in benchmarking their plans against the competition and making the most informed health care plan decisions possible.
A 2020 UBA Health Plan Survey Executive Summary is available and includes:
- Trends in types of health plans offered
- CDHP increases and prevalence by region
- Trends in self-funding
- Multi-tiered health plan choices
- Costs and renewal rate increases by plan type
- Prescription drug plans and new trends
- Comparisons by region, employer size, and industry