Benchmarking Your Benefits
Do you ever wonder how your employee benefits program compares to other businesses in the area? Are your employees paying more for their benefits than they would if they were working for one of your competitors? Acadia Benefits provides you with the unique opportunity to compare your employee benefits plan to other businesses in your industry, group size, and region.
For over 15 years, Acadia Benefits has participated in the United Benefit Advisors (UBA) employee benefits survey and has access to this valued data to share with our customers. The survey now includes thousands of employers throughout the United States, of all sizes and industries, to create a significant health plan database. Data in the 2023 survey represents:
- $28 billion in healthcare dollars spent
- Nearly 1 million employees
- Over 10,000 employers nationwide
Acadia Benefits is the only firm in Maine that can access this database, which our team regularly uses to provide benchmark assessments for our customers that helps compare their employee benefits program against competitors.
The 2023 UBA Employee Benefits Benchmarking Trends Report is now available and includes:
- Total Average Annual Cost Per Employee
- Cost Management Strategies including Funding Strategies by Group Size
- Plan Prevalence and Enrollment
- Small, Midsize, and Large Group Trends
- New This Year – Dental and Vision Benefits
- New This Year – Disability and Life Benefits
- New This Year – Wellness Programs
While this survey provides national trends, it also allows us to look at plan design and cost trends closer to home so we can advise our customers on the most competitive health plans in our marketplace. We can include your health plan data in the survey to show how your plan compares against others in the area. Then depending on those results, we help identify strategies to address any less competitive aspects of your health plan benefit.
To request a copy of the 2023 Employee Benefits Benchmarking Trends Report, please complete the following information:
UBA is the nation’s leading independent employee benefits advisory organization with more than 200 offices throughout the United States, Canada, and Europe. UBA empowers 2,000+ advisors to both maintain their independence while capitalizing on each other’s shared knowledge and market presence to provide best-in-class services and solutions.