The “2023 Maine Size and Industry State Report,” in association with United Benefit Advisors (UBA), provides an indispensable analysis for local employers. It reveals comprehensive health plan trends based on data from 99 employers covering nearly 22,000 employees in Maine.
Overview of Maine Health Plan Preferences
In Maine, small businesses exhibit a strong preference for HDHPs, a notable deviation from national trends favoring PPOs. This section of the report provides Maine employers with the necessary data to understand these preferences and to adapt their offerings accordingly.
Health Plan Cost Implications for Maine Employers
The report identifies that PPO and HDHP plan costs in Maine are higher than the national average. Maine employers can leverage this section to benchmark their plans, ensuring they remain competitive in the healthcare benefits they offer.
Employee Contributions in Focus
Maine employers tend to contribute more towards family premiums for HDHPs compared to national averages. These insights allow businesses to evaluate their health plan contribution strategies effectively.
Deductibles and Out-of-Pocket Maximums Analyzed
The analysis further indicates that large groups in Maine have lower HDHP deductibles and out-of-pocket maximums compared to smaller businesses, a factor that may influence employee satisfaction with health plans.
The “2023 Maine Size and Industry State Report” is a comprehensive guide for employers looking to refine their health benefits offerings in line with industry benchmarks. This report underscores the importance of informed health plan decision-making, crucial for retaining and recruiting top talent in Maine’s competitive job market. With insights from the report, employers are well-equipped to tailor their health benefits for maximum impact.