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 (2008-2017) – 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 2008 to 2017. 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 fourth 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 (2008-2017) – 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 2008 to 2017. 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:
- Benefit costs over the past decade have increased on average of 4.8% per year.
- Employer contributions over the past decade have increased an average of 3.8% per year.
- More than half of all multiemployer health plans made employer contributions per plan participant per year between $6,000 and $13,999.
This is the fourth edition of the report.
Please contact your Horizon Actuarial consultant if you have any questions.
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