2014 Insurance Survey …


Plan costs

Image from Compensation.BLR.com

Health insurance costs in 2014 increased as much as 5% for 24% of survey participants and from 6-10% for 26%. The cost increase was 11-15% for 12% and 16-20% for 6%, though 2014 costs stayed the same for 10%. 

Cost containment

The steps employers took to reduce their organizations’ 2014 health insurance costs included:

  • Raising the employee portion of the premium — 37%
  • Implementing wellness programs — 25%
  • Raising employee deductibles — 33%

Some employers offered HSA/HRA high deductible plans (21%) and/or raised employee copayments (22%). “Other” accounting for 29% of the responses to this question in the survey, included renegotiating with provider, shopping for new provider, and converting to a self-insured program.

The survey covered a lot more including:

  • 2014 vs. 2013
  • Plan options
  • Dependent coverage
  • Plan changes
  • Healthcare reform

For a peek at the complete survey, go to  http://compensation.blr.com/surveys/Benefits-Health-Insurance-2014/

 

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