Benchmarking employee health plans is a critical process for employers to undertake annually.
FOND DU LAC, Wis. (PRWEB)
December 02, 2017
Hierl launches a complimentary service to help local employers compare how their employee benefit plans compare to similar employers regionally and nationally.
Leveraging data from the nation’s largest health plan survey conducted by United Benefit Advisors® (UBA), this service will help local employers better understand if their employee benefits are competitive, recognize beneficial cost reduction strategies and assist companies in ensuring they understand the current industry landscape as they consider future employee benefit goals.
UBA®, the nation’s leading organization of independent employee benefit advisors, actively cultivates, validates and shares knowledge with employer benefit decision makers nationwide to help them evaluate health plans and strategically manage rising costs while remaining competitive. The UBA Health Plan Survey is the nation’s largest and most comprehensive benchmarking survey of health plans – larger and consequently more accurate than the next five national surveys combined.
The results of the 2017 survey have just been released and include data from over 20,000 benefit plans and more than 11,000 employers nationwide. Hierl, as a UBA partner firm, can facilitate segmentation of that data by industry, company size, location, plan types and many other factors, as well as lend insight to key trends across the employee benefit landscape and present that alongside a local employer’s plan(s) to help them understand if they ‘measure up’.
“Findings from the UBA Health Plan Survey are absolutely invaluable to employers, but the data is only as valuable as it is relevant,” explained Mike Hierl, Partner. “Our goal is to extract the data that is most relevant to that employer and deliver meaningful insights past the raw details of the survey results. Through this service, we aim to ensure that the findings of the survey are accessible and actionable for all local employers big and small providing them unbiased knowledge they can leverage for key decision-making, regardless of who their current benefit broker may be.”
Hierl works with local employers to contain and manage employee benefit costs and…