Comparisons of key cost drivers
The survey is designed to focus on the plan characteristics that typically drive cost differences.
Plan efficiency
There is a significant variation in the cost of health care – efficient health plans are well-managed and therefore have a lower per member/per month cost. The survey provides the PMPM cost for a well-managed plan using your company’s characteristics.
Demographics and geography
To make meaningful comparisons, the survey benchmarks characteristics such as age, sex, geography, and contract size relative to the marketplace.
Plan design
Plan design can be a powerful cost driver. The survey provides the actuarial value—defined as the percentage of health care cost covered—for each plan, and benchmarks it against the market.
Employee contributions
The cost of the plan paid by employees via paycheck contributions is shown and compared against the market, including contribution percentages by coverage tier. This helps you find the best balance of contributions for your strategic goals.
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