Go Ahead, benchmark your insurance plans
see how you compare?
Compare your employee benefits against industry standards. Optimize cost and employee satisfaction.
Benchmarking employee benefits helps negotiate better terms. Understand how your employer contributions compare to similar companies. Now, design packages that attract and retain top talent.
Why Benchmark Your Benefits?
Reveal over- or under-spend versus market averages.
Align deductibles and employer contributions.
Use data to make HR decisions.
Competitive benefits strengthen recruiting and retention.
Improve ACA compliance and reporting.
What We Benchmark
- Plan design: deductibles, copays, out-of-pocket maximums, networks
- Total cost per employee and trend
- Participation rates and enrollment mix
- Employer & employee contributions across Medical, Dental, Vision, Life, Disability
- Carrier discounts and administrative fees
- PTO and ancillary benefits (EAP, HSA/FSA, voluntary benefits)
Monthly Employer Cost Per Employee
Charts below use synthetic sample data. Your benchmarks are created from market datasets and insurance carrier filings.
Our Benchmarking Process
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Discovery
Gather census, plan documents, and contribution strategies. -
Data normalization
Structure plan metrics for apples-to-apples comparison. -
Market matching
Select the appropriate groups. Filter by industry and geography. -
Analysis
Identify gaps and find opportunities. -
Recommendations
Plan design tweaks and funding strategies. -
Implementation & review
Support rollout and track results.
What are the Results of Insurance Benchmarking?
Improve employee satisfaction. Deliver clear choices and better communication.
Now, use competitive data and negotiate better rates.
Align benefits strategy with total rewards goals.
FAQs
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What data sources are used?
Benchmarking uses market surveys and insurance carrier data. Also, uses public filings and anonymized peer research. -
How long does the benchmarking process take?
A typical report takes 2-3 weeks. More complex plans can take longer and require greater in depth analysis. -
Can you benchmark companies of any size?
Yes, we work with organizations from small businesses to large enterprises. We match you with appropriate peer groups based on your company size, industry, and location.