Horizon Actuarial Services has once again partnered with the International Foundation of Employee Benefits Plans to conduct a study of U.S. multiemployer health plans. The study covers multiemployer health plans in all industries and the plans in the study have more than five million covered participants.
The full report – The Multiemployer Health Plan Landscape: A Ten-Year Look (2007-2016) – is available at the International Foundation’s website (link below). The report provides a look at historical trends for U.S. multiemployer health plans for the ten-year period from 2007 to 2016. It will help plan trustees, professional service providers, and policymakers gain a better understanding of these plans and their environment. The report may also serve as a useful comparison tool, enabling trustees and advisors to understand how their plans compare with others with respect to demographics, benefit costs, income, cash flows, and more.
Selected highlights from the report are as follows:
This is the third edition of the report.
Please contact your Horizon Actuarial consultant if you have any questions.
The full report – The Multiemployer Health Plan Landscape: A Ten-Year Look (2007-2016) – is available at the International Foundation’s website (link below). The report provides a look at historical trends for U.S. multiemployer health plans for the ten-year period from 2007 to 2016. It will help plan trustees, professional service providers, and policymakers gain a better understanding of these plans and their environment. The report may also serve as a useful comparison tool, enabling trustees and advisors to understand how their plans compare with others with respect to demographics, benefit costs, income, cash flows, and more.
Selected highlights from the report are as follows:
- The median cost of benefits for multiemployer health plans increased by 54% over the ten-year period from 2007 to 2016.
- Over the same period, the number of covered retirees increased by 22%, while the number of active participants increased by only 1%.
- Despite these trends, the financial condition of many of the 1,560 multiemployer health plans has improved.
This is the third edition of the report.
Please contact your Horizon Actuarial consultant if you have any questions.
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