Benchmarking Your Company’s Employee Benefits Plan

| April 5, 2019

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Enrollment in high-deductible health plans with a health savings account is on the rise and employers are increasingly dropping preferred provider organizations as an option in their health plans. Those are two of the key findings in the just-out 2019 Employee Benefits Benchmark Survey, which is designed to gauge how employers are responding to continually rising health care costs and is conducted by Zywave, a leading insurance software provider. The survey, based on the responses of more than 500 employers, found that 62 percent of the respondents still offer a PPO plan, although that is a 7 percent decrease from 2017. In the meantime, annual worker and employer contributions for individual and family coverage remained at pretty much the same level as 2017. The survey found that more than half of respondents contribute $5,000 or less for worker individual premiums annually and $10,000 or less for worker family premiums annually. On other fronts, to help manage prescription drug costs, more employers are promoting mail-order drug services with their employees and are increasingly requiring the use of generic drugs when available.

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SECURA Insurance

SECURA Insurance has 118 years of experience, evolving from a small farm company to a super-regional insurance carrier offering insurance for businesses, homes and autos, non-profit organizations, and farms.

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SECURA Insurance

SECURA Insurance has 118 years of experience, evolving from a small farm company to a super-regional insurance carrier offering insurance for businesses, homes and autos, non-profit organizations, and farms.

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