STOP MANAGING YOUR HEALTH PLAN IN THE DARK
Employers can feel as if they’re shooting in the dark as they evaluate their health plan design, manage rising costs, and prepare for the future of healthcare. We have the solution! Innovation Benefit Planning, in conjunction with United Benefit Advisors, conducts annually the nation’s largest and most comprehensive benchmarking survey of plan design and cost.
REQUEST BENCHMARKING DATA
“We were shocked to find how out-of-line our benefit offerings were compared to others in our industry. With the help of the benchmarking provided by Innovative, we’ve adjusted our plans to ensure we are competitive in our recruiting and retention efforts.”
- VP of Human Resources
Why Benchmark?
Bragging Rights
Knowing how you compare to your peers allows you to be competitive with recruiting and retaining the best employees.
Renewal Planning
Benchmarking allows you to accurately evaluate your health plan to make data-driven decisions during renewal planning.
Control Cost
See how your health plan costs compare to other companies in your industry. If your costs are not in line, you may want to consider cost containment strategies.
Have All The Facts
Benchmarking data from the UBA Health Plan Survey can help you gauge a wide range of factors regarding your health plan offerings, such as:
- Are company premiums above or below the norm?
- Are the levels of contributions you require your employees to pay in line with your competitors?
- Are co-pays, deductibles, coinsurance, and out-of-pocket maximums for your plans in line with averages for your geography, industry, and size?
- How do your annual premium increases compare with other employers in your area?
- How do your prescription drug benefits compare?
- Are you in step with the cost-containment strategies being implemented successfully by other companies in your industry?
