State:
Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
May 05, 2010
More Companies Kept Healthcare Costs Down in 2009
For
For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
ty-one percent of respondents reported spending up to $5,000 per employee on health care in 2009, with 47% reporting costs in the $5,000-10,000 range, and 12% reporting costs of per employee of over $10,000 per year, according to a recent survey of healthcare practices by BLR.

In BLR’s 2008Survey of Employee Benefits, only 35% of respondents reported holding healthcare costs below the $5,000 per year threshold.

Nearly three-quarters (72%) of responding companies reported taking at least one action to reduce healthcare costs in the prior year. Of those, over half reported raising employees’ portion of healthcare premiums.

Each of the following measures were undertaken by at least one in four of respondents who took action to reduce costs: raising employees’ copayments and deductibles, offering health savings accounts (HSAs) and/or health reimbursement accounts (HRAs), and implementing wellness programs.

The survey, conducted by BLR’s HR Daily Advisor in December 2009, received nearly 1,400 responses, of which 80% originated from companies with fewer than 500 employees. The responses were evenly divided geographically within the United States.

For detailed survey results, see 2010 Fringe Benefit Survey Series - Healthcare Insurance Practices.

Featured Free Resource:
Cost Per Hire Calculator
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB06
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on http://Compensation.BLR.com
Document URL: http://compensation.blr.com/Compensation-news/Benefits-Leave/Healthcare-Insurance/More-Companies-Kept-Healthcare-Costs-Down-in-2009/