Benefit Benchmarking Analysis

Employer Healthcare Plan Performance Benchmark Survey

Get a free analysis providing insight into the cost and value of your healthcare plan compared to others with similar geography and demographics—based on Milliman’s exclusive database of more than 80 million covered lives.

Milliman Employer Healthcare Plan Performance Benchmark Survey

The challenge

Is your healthcare plan delivering the best value for your investment?

Health plans are central to attracting and retaining the best employees. They can also be a major expense. To ensure you’re not overpaying, it’s critical to compare your plan to a robust, credible source of data representing organizations with similar industry and demographic characteristics—but finding this data is difficult.

The solution

Get strategic insights to guide your health benefit decisions

Compete for top talent without overspending with a data-driven strategy for your health plan. Compare your cost to other plans with similar demographic and geographic characteristics. Actionable metrics help you optimize the provisions of your health plan (deductible, copay, coinsurance, and contributions).

Survey capabilities

Comparisons of key cost drivers

The survey is designed to focus on the plan characteristics that typically drive cost differences.

Plan efficiency

There is a significant variation in the cost of health care – efficient health plans are well-managed and therefore have a lower per member/per month cost. The survey provides the PMPM cost for a well-managed plan using your company’s characteristics.

Demographics and geography

To make meaningful comparisons, the survey benchmarks characteristics such as age, sex, geography, and contract size relative to the marketplace.

Plan design

Plan design can be a powerful cost driver. The survey provides the actuarial value—defined as the percentage of health care cost covered—for each plan, and benchmarks it against the market.

Employee contributions

The cost of the plan paid by employees via paycheck contributions is shown and compared against the market, including contribution percentages by coverage tier. This helps you find the best balance of contributions for your strategic goals.

INSIGHT

Insight related to Benefit Benchmarking Analysis

Index

2021 Milliman Medical Index

Healthcare costs are back on the rise, projected in 2021 to grow by 8.4% to $28,256 for a family of four, versus a 4.2% decrease from 2019 to 2020, according to the Milliman Medical Index.

Read the index

Newsletter

Monthly Benefit News and Developments

Our monthly roundup of regulatory, legal, and industry information related to benefits.

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Newsletter

Health and group benefits news and developments

Regular insights on health and group benefits in the United States.

Read the latest edition

Health and group benefits consulting

Delivering independent, data-driven, innovative benefits consulting with fresh and informed perspectives to employers and plan sponsors seeking to optimize every aspect of their employee benefits program.

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