With rising healthcare benefit costs and affordability a top priority for employers and employees, controlling costs has never been more important. WTW's Healthcare Financial Benchmarks Survey can help you determine how your health care dollars are being spent and if actions can be taken to optimize your plans.
“This information is valuable as we consider our benefits strategy and truly eye-opening for me.”
Chief Financial Officer | A Diversified Holding Company
When it comes to rising healthcare costs, employers need actionable data. WTW’s Financial Benchmarks Survey can help
The Survey compares your organization's data to top-performing organizations in your industry, revealing actionable insights that can help you make well-informed decisions. You'll be able to answer questions like:
- How do our plan costs compare to others in the industry and best performers?
- How do our plan costs compare on an apples-to-apples basis after adjusting for plan design, demographics, family size, and geographic cost differences?
- How do our employee costs compare, from a dollar and percentage of premium standpoint?
- How do our incentives/wellness credits compare with others?
- Do our administrative fees fall within the range of other employers' fees?
- Are our medical, pharmacy, and dental plan designs aligned with industry and database norms?
How much did benefits cost you in 2022?
Our 2022 survey found employers' cost to provide healthcare benefits was nearly $14,400 per employee. And the average annual employee contribution for coverage was around $3,220, or about $270 coming out of their monthly paycheck. When it comes to healthcare decisions, costs play a significant role find out today if there are actions you can take to optimize your plan.
“Companies know their employees need options when it comes to healthcare plans. They also know affordability is at the heart of their employees' healthcare choices. If a plan costs more than a certain percentage of an employee's income, that will impact their healthcare decisions. This unique survey provides a standard for companies to follow and helps guide them to potential healthcare cost savings.”
Lindsay Hunter | North America Commercialization Leader
