Benchmarking
Evaluate your health plan more accurately, comply with new regulations, and strategically manage rising benefit costs to remain competitive in your market.
Employers are increasingly challenged to find accurate information that will help them evaluate their health plan design, manage rising costs and prepare for the future of health care. Innovative Benefit Planning, in conjunction with United Benefit Advisors, conducts annually nation’s largest and most comprehensive benchmarking survey of plan design and cost.
This gives employers a distinct competitive edge in recruiting and retaining a superior workforce and managing health care costs.
Are you curious to see how your company compares?
Healthplan Benchmarking
The survey provides vital benchmark statistics on employee benefits health plan factors, including detailed enrollment, plan design, plan cost, employee premium cost-sharing, prescription drug, and flexible spending account norms. This survey is unique in that it goes down to the mid-size employer and will provide a comparison of your company’s benefits to its peers in categories such as industry, region, nationally, and employee size.
RX Plan Benchmarking
Prescription drug costs typically make up 25-50% of an employer’s overall healthcare spend. Do you know if your pharmacy contract provides the highest possible discounts and contract provisions to ensure the most optimal pricing?