ISCEBS Survey Results
Medical Stop Loss Premium Survey Findings - Average Stop Loss Premium is
Elusive but Measureable
This year’s Survey, its sixth year, further reflects the impact of health
care reform and the resulting prevalence of unlimited lifetime maximums on stop
loss coverage. Of surveyed plans, 88% report such coverage – a steep increase
from 13% in 2010. About half pair an unlimited lifetime with an interim annual
maximum of $5 million or less. Premiums continue to rise (to no surprise) and
are 60% to 70% higher than levels reported in our initial Survey in 2007. The full
survey findings include the survey's primary focus of current premium
International Foundation Survey - Health Care Reform: Employers Take Action
Health Care Reform: 2012 Employer Actions Update is the third survey in a
series on the impact of the Patient Protection and Affordable Care Act (PPACA)
on U.S. single employer plans.
The survey examines employers' critical decisions and actions concerning plan
design and funding, employee communications, cost-sharing and other cost
management measures, grandfathered plan status, and reactions to specific
provisions potentially impacting health care benefit costs.
The survey findings reveal that most single employers and corporations are
likely to provide health coverage to their employees in 2014, and nearly half
are implementing changes so their plans will comply with the law and its
regulations. [Read More in
Deloitte/ISCEBS Top Five Total Rewards Priorities Survey: Talent and Health
Care Reform Among Employers’ Top Concerns
Although health care costs remain the top employer concern for the fourth
consecutive year, talent has emerged the most significant challenge over the
next three years–a substantial escalation over previous years’ findings.
Despite the perception of a talent surplus and the reality of unemployment
levels, the survey findings point to an increasing gap between the supply of
skilled workers in America and the growing needs of employers.
While health care costs and the impact of health care reform topped the list,
some companies have definite cost-containment ideas and plans, while others seem
to be taking a “wait and see” approach. Almost three-quarters (70%) are
considering expanded wellness programs to help manage health care costs.
Other findings indicate a contrast in employer versus employee concerns.
Although health care costs topped the employers’ list, followed by strategic
issues of talent and rewards, employees are more concerned about financial
security issues such as retirement readiness, inflation, investment performance
and job security.
Now in its 18th year, the survey is jointly sponsored by Deloitte and ISCEBS.
Read the press release and full
survey findings. (3/14/12)
401(k) Plan Sponsors Less Confident That Employees Will be Financially
Prepared for Retirement - Deloitte/ISCEBS Survey Finds
Predictably, 401(k) plan sponsors view improving employees' financial
planning for retirement as a top goal for the second year in a row, according to
the 11th Annual 401(k) Benchmarking Survey. More than 80% of respondents said
only some or very few employees will be financially prepared for
retirement. Additional survey findings include:
- Nearly two-thirds believe their responsibility includes taking an interest
in whether employees are tracking towards a comfortable retirement.
- Nearly half are offering features that automatically increase participants'
Read the press
release or the full survey findings. (2/2/12)