Go Ahead, benchmark your insurance plans
see how you truly compare?
Compare your employee benefits against industry peers to optimize cost, competitiveness, and employee satisfaction.
Benchmarking your employee benefits plans helps you understand how your coverage levels, employer contributions, and total costs compare with similar organizations. With clear comparisons, you can identify gaps, negotiate carrier terms more confidently, and design packages that attract and retain talent—without overspending.
Why Benchmark Your Benefits?
Reveal over- or under-spend versus market averages.
Align plan design, deductibles, and employer contributions with competitive norms.
Support CFO and HR decisions with data-driven insights.
Strengthen recruiting and retention with competitive benefits.
Improve compliance and reporting readiness (e.g., ACA-related requirements).
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)
Sample Benchmark Visuals
Note: Charts above use synthetic sample data for illustration. Actual benchmarks are sourced from market datasets and 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 appropriate peer groups by industry, size, and geography. -
Analysis
Compare cost, design, and contribution levels; identify gaps and opportunities. -
Recommendations
Present actionable changes—plan design tweaks, funding strategies, or carrier negotiations. -
Implementation & review
Support rollout and track results over time.
Common Outcomes
Improve employee satisfaction with clearer choices and better communication.
Negotiate improved rates with carriers using competitive data.
Align benefits strategy with total rewards goals.
FAQs
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What data sources are used?
Aggregated market surveys, carrier data, public filings, and anonymized peer groups (availability varies by market). -
How long does the benchmarking process take?
Typically 2-3 weeks from data collection to final report delivery, depending on the complexity of your plans and the depth of analysis required. -
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.