The Memphis Business Group on Health (MBGH) is pleased to make this forum, including all web pages and web sites accessed from this page, available to Web Site users and others. However, the MBGH does not render legal or consultation services, and legal counsel must be consulted to determine any material’s applicability to any specific situation. MBGH cannot warrant or control the quality, accuracy, or validity of the information posted here. Comments posted on this blog are the sole responsibility of their writers. Use of such information is at the risk of the accessing user and the accessing user assumes all liabilities that may result from such use.




Account-Based Plans Continue to Grow and Other Findings from the Towers Watson/NBGH Survey

Increasingly, large companies are offering their employees only one option: a plan with a relatively high deductible linked to a savings account for medical expenses. 

According to the annual health benefits survey by Towers Watson and the National Business Group on Health, 66 percent of companies with 1,000 employees or more offered at least one such plan this year. This figure is expected to grow to nearly 80 percent next year, according to the survey. 

For nearly 15 percent of companies surveyed, an account-based plan was the only option -- an increase from 7.6 percent in 2010. Almost 25% of respondents indicated they may offer an account-based plan as their only option in 2014.

Enrollment in account-based plans grew from 15% in 2010 to 30% in 2013.

Other major findings from the 18th Annual Survey include:

Respondents remain committed to offering health benefits -- for now. However, only 26% indicated they are "very confident" that their organization will be offering health benefits 10 years from now. The success/effectiveness of health insurance exchanges and the 2018 "cadillac tax" are probably impacting respondents confidence levels.

The best performers -- employers that have experienced cost trends significantly lower than the survey average -- are focusing on supply-side strategies, including vendor performance targets, cost transparency, value-based benefits, and holding providers accountable.

Read the full report.

Posted by Cristie Travis at 7:30 AM

From Our Blog

Say Hello

Please feel free to drop us a line via the button below. We try to respond to every email we receive.

Stay Connected

Join the MBGH community and keep up to date with issues concerning Memphis healthcare.

Facebook Twitter LinkedIn Feed