Small employers are keeping pace with the average employer offering health benefits, and are doing a better job of containing costs.
Health care costs continue to rise, so employers continue to use cost savings tools like HRAs and HSAs, to provide affordable benefits to their employees.
Among employer-sponsored health insurance plans, consumer-directed health plans (CDHPs) continue to increase in popularity even though they are offering less savings than a year ago, according to the 2016 Health Plan Survey from United Benefit Advisors (UBA), the nation’s largest independent survey of employer-sponsored benefits.
Workplace wellness programs are under the spotlight as new regulations change the legality of components and what information can and can’t be collected.
Employer-sponsored health insurance is greatly affected by geographic region, industry, and employer size.
Overall, employer costs remained consistent because they are passing more and more of their increases on to employees.
While recent survey data shows that, on average, employers are decreasing the amount they’re willing to contribute to employee Health Savings Accounts (HSAs), there are some industries that have not seen such trends.
Employer health savings account (HSA) funding strategies have changed in recent years in response to the Patient Protection and Affordable Care Act (PPACA) and its impact on employer-sponsored health insurance plans.
The New York Times recently stirred up a media firestorm when it reported about Harvard University professors who were lambasting the health care increases they were facing this year.
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.
Since 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 2014 UBA Benefit Opinions Survey provides employers who participate with critical data that allow them to compare their attitudes and strategies regarding employer-provided health care with those of their peers and competitors.
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