Attract Top Talent, Save on Health Costs - Benchmark Your Employee Benefits

Whether you are a tech company in Silicon Valley, a financial firm on Wall Street, or a Mom & Pop shop somewhere in the middle, the rising cost of health care is making a big impact on your bottom line.  So how do you make important decisions about your employee benefits design in hopes of cutting costs, but not so much that you risk losing top talent? The answer involves benchmarking.

United Benefit Advisors, one of the nation's top five employee benefits advisory organizations and an organization that assists employers looking to evaluate their plan costs against both national and regional averages
recently conducted a benefits benchmarking survey. What makes the survey unique is that it's the nation's largest health plan benefits benchmarking survey with 11,711 employer responses.

The 2012 UBA Health Plan Survey provides in-depth results broken down by region, industry and by employer size.  A close look at some regional data for the Northeast reveals:

As employers and employees consider their health insurance solutions, especially in the face of the health care reform law and the need to cut costs, this benefits benchmarking data becomes vital. It also helps employers answer important questions, such as:
To learn more about this survey and benefits benchmarking, download a free copy of the 2012 survey executive summary online. The summary also has information on how one of UBA's 200 Member Firms throughout the country can also provide your organization with a custom benefits benchmarking report.

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