ComplianceMnthlyRecap MH 5.16.22

Are You Benchmarking Your Health Plan Correctly?

Posted by: Bill Olson    Jan 6, 2015 11:40:00 AM

Many employers benchmark their health plans against other employers with the same carrier or using nationally available data. But the benchmarking best practice is to compare your plan with others based on plan type, region, employee size, and industry. Without this more granular data, you could be missing key data on exactly how your plan stacks up against your competitors’ plans—and opportunities to more effectively negotiate rates and communicate the value of your benefits to your employees.

Consider a design firm in Georgia that offers a consumer-driven health plan (CDHP). Their premium cost for single coverage is $409 per month.

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Topics: health plan benchmarking, CDHPs, Executive Summary, consumer-driven health plan

UBA 2014 Health Plan Survey Executive Summary Now Available

Posted by: Bill Olson    Dec 2, 2014 12:14:00 PM

UBA Health Plan Benchmarking SurveySince 2005, United Benefit Advisors® (UBA) has surveyed 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. The UBA survey represents the nation’s largest health plan benchmarking survey and the most comprehensive source of reliable benchmarking data.

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Topics: UBA, 2014, HPS, Executive Summary