Defined Contribution Trends

Trends In Defined Contribution Health Plans - Infographic How familiar are you with Defined Contribution Health Plans (DCPS)? 54.1% believe DCPS will help employees make more cost-conscious benefit decisions 40.5% believe offering a DCP will also increase employee understanding of benefit costs 59.4% of employers are familiar with Defined Contribution Health Plans (DCPS) 31.5% believe DCPS will allow the company to continue offering benefits otherwise in jeopardy 31.5% believe DCPS will lower health benefit costs for the company Where are you in the process of exploring/adopting defined contribution plans? 36.1% indicated they were 18.9% they are considering DCPS still learning 25.2% indicated they are 14.4% indicated they are already using not interested What Information are you seeking regarding DCPS? How would our company benefit from DCPS? - 27.6% What are DCPS? - 25.7% Do employees like DCPS? - 19.1% What other health plan designs are available? - 15.8% Other - 9.2% Can our company offer a DCP plan under PPACA? - 2.6% What partners would you depend on to help you learn about new health benefit designs such as defined contribution plans? Insurace broker's (46.2%) and benefit consultants (45.3%) are the top two external partners employers will look to for more information about DCPS 44.9% of respondents reported they would do research independently Healthcare Trends Institute © Copyright 2013. Healthcare Trends Institute. www.HealthcareTrendsInstitute.org Source: 2013 Healthcare Benefits Trends Benchmark Study