This is the seventh annual Milliman Multiemployer Health and Welfare Study, which analyzes nationwide financial disclosures for multiemployer health and welfare plans, also known as Taft-Hartley plans. This year’s report includes data for 1,259 plans, covering approximately 5.2 million members as of 2022, the most recent year for which data is available. We found that the average plan could pay about 14.5 months of benefits and expenses with its net assets, a decrease of about half a month from 2021. We discuss:
- Key findings
- Fund capitalization statistics
- Annual per member change in income and expenses
- Per member statistics