2024 UBA Employee Benefits Benchmarking Report Overview
The “2024 UBA Employee Benefits Benchmarking Trends Report” presents an exhaustive analysis of the current and emerging trends within employee health benefits. This report, a collaborative effort between United Benefit Advisors and 1706 Advisors, signifies a vital resource for understanding the vast healthcare financial landscape, representing over $13 billion in healthcare spending.
Key Findings and Industry Impact
Detailing insights from approximately 1,000,000 employees across 7,800+ employers, the report sheds light on the evolving preferences and expenditures in employee health plans. It provides benchmarks for premiums, contributions, and plan design choices that influence employer and employee decisions nationwide.
Benchmarking for Strategic Planning
With its data-driven approach, the report empowers employers to compare their health plans against a broad spectrum of industries and sizes, equipping them with the knowledge to make informed strategic decisions regarding employee health benefits.
Conclusion and Action Steps
The “2024 UBA Employee Benefits Benchmarking Trends Report” serves as a compass for employers aiming to navigate the complexities of benefits offerings. It underscores the importance of adapting to the trends to maintain competitive advantage and employee satisfaction.