Our sister publication’s annual survey of employers, Benefits Selling‘s 2015 Employer Survey, showed a lot of interesting changes coming in the employee benefits arena, at least from the employer perspective.
For example, 63 percent of respondents said they expected their employees to pick up more of the tab for their own benefits in the coming year, considering that health care and benefits costs have risen since last year.
Here, though, we’ve distilled the survey results into four infographics that follow.
They show how employers view benefits costs, what benefits employers are offering, how employers view brokers, and how the Patient Protection and Affordable Care Act is affecting what they offer.
#1: Increasing costs of benefits
More than a third of employers surveyed (35 percent) said costs have increased significantly, while 40 percent said costs have increased some and 22 percent said they have stayed about the same.
Only 3 percent said that costs declined some and no one said they declined significantly.
#2: Changes in benefits offerings
Employers are continuing to cut employee benefits costs in the wake of PPACA. Strategies include implementing consumer-driven plans or self-insuring, as well as launching health savings accounts, enhancing wellness programs, and increasing voluntary benefit offerings.
Nearly half (49 percent) of the survey’s respondents said they offered HSAs, and exactly half offered flexible working benefits.
Still, when you ask the employees what they think the most important benefit is, more than three quarters say that health insurance is the most important.
#3: Dealing with brokers
For the most part, employers are still using brokers or agents. During open enrollment, most employers surveyed said they are sharing duties with brokers rather than having them handle everything.
Communications during the year are minimal, with a couple times a year being average. Most employers are happy with the brokers they have.
#4: Dealing with PPACA
In the employer survey, 21 percent of respondents said they’ve considered moving their employees onto the public exchanges, compared to 79 percent who said they have not.
However, PPACA is on the minds of employers and has caused many to rethink their benefits offerings.
How about you? Do these survey results reflect what you’re seeing or are you seeing something different? Comment below and let us know!