Financial Analytics & Benchmarking

Employee Benefits Benchmarking: How Do You Compare?

Once your benefits plan is in place, we can provide ongoing stewardship to help you maximize your dollars and your plans. With tools that provide a precise picture of health plan expenditures, you can get clear strategic direction. We offer a sophisticated proprietary survey that benchmarks your organization against other employers throughout the country, so you can see exactly where you stand and where you can save.

Health Plan Benchmarking Survey

Each year, we furnish our clients with the largest, most comprehensive nationwide survey of employers, the Health Plan Benchmarking Survey. It analyzes data from over 10,000 employers sponsoring over 16,000 health plans nationwide – to give you the most highly detailed benchmarks and trends available.

You’ll see data on the nation’s employers, not covered employees. This information can be compared by state, region, or nationally – and by industry and company size. Results are categorized by plan design types, premium costs, employer vs. employee costs, and benefit design elements. These outcomes can be directly applied to the small to midsize companies that comprise 98 percent of the nation’s 5 million-plus employers, as well as to larger employees.

You’ll see a customized analysis that compares your benefits plan to those of similar sized employers within your industry on the local, national, and regional levels. This data allows us to make recommendations on cost-containment strategies and ideas.

Compare your Plans:

  • Per-employee, per-year total cost, employer cost, employee cost
  • Employee contributions as a dollar and percentage of the premium paid
  • Plan design, including co-pays, deductibles, coinsurance, and out-of-pocket maximums
  • Premium increases

How do your organization’s benefits compare with like companies in your industry and area? Are you paying more or less?

Actionable Insights

Employers invest heavily in benefits. So this benchmarking is critically important because it helps an organization make educated decisions based on how similar organizations are structuring their benefits. It also provides employees with a comparison so that they can see how their benefits stack up.

To see how your organization’s benefits rank, contact us today.   Contact us here >