3 Health Care Cost Benchmarks

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With some organizations and individuals encountering significant changes to their health insurance costs and plans in 2014, the following metrics provide benchmarks on how organizations in Northeast Ohio have structured their health insurance plans and how much these plans are costing both employers and employees.

Although the needs of each organization vary, understanding how these benefits are being delivered to employees and at what price can help organizations gauge how competitive their benefits offerings are compared to other organizations in the region.

Plan Type

As the figure below illustrates, the most common type of health insurance plans offered are Preferred Provider Organization (PPO), Health Savings Accounts (HSA) and High Deductible Health Plans (HDHP). In terms of controlling and sharing costs, HSAs have been experiencing the strongest growth in popularity. Many organizations have turned to HSAs as a way to better fit the financial and health related needs of certain employee groups. Although the numbers vary somewhat from those reported in the table below, according to ERC’s 2013 Workplace Practices survey, the number of organizations offering HSAs has jumped by nearly 30% over the past 10 years.
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