Date post: | 16-Jul-2015 |
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What partners would you depend on to help you learn about new health benefit designs and distribution models?
What employee features would you include if you could design a benefit o�ering using an insurance exchange environment?
Employees will have a better
understanding of benefit costs
Have not begun to explore DCPs Already using DCPs (not on a
private exchange)
O�er a wider array of options
for benefit plans
Help employees make more
cost-conscious benefit decisions
Defined Contribution & Private Exchange Trends
77.5% Familiar 22.5% Not Familiar
InfographicInfographic
31.9% 17.9%
15.2% 14.8%Continue to o�er benefits that
would otherwise be in jeopardy
Benefits a DCP would bring to your company:
Still learning
Using DCPs on a private exchange Are considering exploring/adopting
DCPs to o�er on a private exchange
in the future
41.9% 24.5% 12.8%
6.8% 6.8%
Where are you in the process of exploring or adopting a DCP to o�er on a private exchange?
How familiar are you with defined contribution health benefit plans (DCPs) & private exchanges?
11.1% Industry/Trade Association11.8% Third Party Administrator
30.2% Benefit Consultants
16% Insurance Carrier
50% Insurance Brokers
26% Research Independently
4.6% Payroll Companies
Employer utilities you would value in o�ering health plans in an exchange environment:
82.6%
Premium Payment
Automation
43.1% 40%
39.2% 21.4%
82%
Payroll Processing Carrier Integration
78.3%
COBRA Compliance
65.3%
Health Spending
Accounts
65%
If considering defined contribution plans for future, when?
11.1%
2015
22.2%
2017
61.1%
2016
67.9%
50.4%
46.9%
38.5%
37%
29.4%
Plan and Cost Comparison Tools
Online Access
Progressive Cost Tracking Tools
Help Line
Combined Benefit Enrollment
Consolidated Employer Billing Services
29.4%
22.1%
Mobile
Financial Account Options
Private exchange features most important:
A large choice of plans
available at your company’s
targeted benefit level
The exchange allows any plan to
meet the exchange’s minimum
standards to participate
The exchange is government-run
The exchange actively screens and
restricts the number of plans that
may participate on the exchange
according to price and quality
www.HealthcareTrendsInstitute.org
Source: 2014 Healthcare Benefits Trends
Benchmark Study
© Copyright 2015. Healthcare Trends Institute.
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