A Value-Added Mix
and Karen Gustin, LLIF, Ameritas Group
The cost of health-care benefits is among the top concerns for American businesses today. With insurance costs having increased more than 140 percent during the past 10 years, employers are worried about their benefits budgets. Many are re-evaluating their employee benefit plans. However, before you make drastic changes to your plans, identify your benefit priorities and balance them with employees’ needs to ensure you offer the best mix of benefit options that provide high value to you and your employees.
percent of employees participating in benefit plans
percent of employees selecting single vs. family coverage
average age of the employee population
features used most by age group
types of claims filed
on-the-job employee injuries, type, and cause
reasons for employee absences/sick days
number of employees and dependents exceeding the annual maximum
Do employees generally take good care of themselves?
How much do employees and dependents spend for health-care services?
What are the major health issues, procedures or cost allocations for these groups?
Does current coverage encourage preventive procedures for major health issues identified?
How much does the company spend on employee coverage for all plans? And what about for dependent plan options?
Understanding the perceived value and expectations of health-care benefits.
Identifying the current satisfaction level with benefit plans.
Evaluating coverage of benefit plans.
Identifying the top 10 health-care needs of employees and their dependents.
Soliciting opinions on employer versus employee contributions to premiums.
Recommending changes in current benefits.
Understanding employees’ comfort level in selecting benefits and dependent care options.
Gathering ideas for the best ways to communicate and help employees understand their benefits.