Unpacking Massachusetts Health Plan Trends
The 2023 UBA report, supported by 1706 Advisors, illuminates the health plan preferences within Massachusetts. PPO and HMO/EPO plans stand out, diverging from national trends by showing an equal preference for both.
Cost Analysis of Massachusetts Health Plans
Employers in Massachusetts face higher health plan costs compared to national figures. PPO plans, for example, average $15,262 per employee. These insights help local businesses plan effectively.
Employer Contribution Strategies in Massachusetts
Massachusetts businesses generously contribute to PPO and HMO/EPO premiums, often surpassing the national average. This commitment to health benefits is critical for employee retention and satisfaction.
Deductibles and Out-of-Pocket Costs Explored
Deductibles in Massachusetts, particularly for PPO plans, sit higher than the national median. This section will discuss how these costs influence employee choice and employer offerings.