The Rising Cost of Employee Benefits:
The
Employee Perspective
We
hear about it everyday—the rising cost of employee
benefits, especially medical coverage. And employers are trying
all kinds of means for controlling these costs: increasing employee
contributions, changing plan designs, moving to voluntary (employee-pay-all)
plans, and others. But where do employees fit in this picture?
What are they doing to cope? What impact is the situation having
on their purchase of insurance-especially voluntary products?
Eastbridge's The Rising Cost of Employee
Benefits: The Employee Perspective looks, in detail,
at the impact of medical insurance and health costs on employees'
decisions to purchase other insurance. Specifically, the
study examines the impact such factors as increased employee
contributions, new plan designs with higher deductibles and
co-pays, and more voluntary (employee-pay-all) plans have
on the employees' benefits decisions. Among the questions
it tries to answer include:
- What are employees doing to cope with rising
costs?
- What impact is the increased cost of medical
insurance having on their purchase of other insurance?
- Have employees seen increases in their benefits
contributions? If so, by how much?
- Have employees seen major changes in their
medical plan designs? If so, what kinds of changes?
- What are their priorities regarding benefits?
- Do employees "segment"
their insurance purchases in terms of what they can afford or
is it primarily a "total cost"
decision?
Order Info: The
Rising Cost of Employee Benefits: The Employee Perspective is
available for purchase for just $3,000. To purchase a
copy, you can email Eastbridge at info@eastbridge.com or
call (860) 676-9633. Published
2004.
Table of Contents
1. Executive Summary
A. Key Findings
B. Recommendations
C. Report
Objectives
D. Methodology
2. Overall Findings
A. Medical Insurance
1. Funding for Medical Insurance
2. Average Employee Contributions
3. Recent Changes in Medical Plans
B. Importance of Various Insurance Products
C. Availability of Products through the Employer
1. Variations in Insurance Products Available by Employer Size
2. Funding for Non-Medical Insurance Products
D. Changes to Non-Medical Benefits
E. Total Costs to Employees for Employee Benefits
F. Impact of Medical Costs on Other Insurance Purchases
G. Maximum Amount Employees are Willing to Pay for Benefits
H. Price Points for Various Products
I. Value of Having ChoiceJ. Changes to Current Benefits
3. Respondent Demographics
A. Employer Size
B. Regions
C. Gender
D. Age
E. Family Status
F. Occupation
G. Annual Household Income
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