ABC Training Company Health Plan Cost Gauge how your total health plan expense per employee compares to that of other similarly sized employers in your region and industry. Keep in mind: • Prescription drug and fixed costs shown are based on values provided. • Claim amounts represent claims paid during the period; they may not reflect all claims incurred over this period. Region Midwest $10,000 Industry type Retail Points to consider: $8,000 • Do you employ the most appropriate funding method for your health plan? • Is there a need to review contribution $6,000 levels or implement a spousal carve-out? • What impact do catastrophic claims have $4,000 on your costs? • Is there a noticeable return on investment for managed care or other cost containment programs? $2,000 • Would potential cost savings be achieved if services, such as utilization review and disease management, were unbundled? $0 Actual Region Size Industry Total number of employees 831 Actual cost per employee $8,295.33 Total health plan cost $6,893,416.55 Norm cost per employee (region) $8,412.32 Norm total cost (region) $6,990,641.00 Norm cost per employee (employer size) $8,274.49 Norm total cost (employer size) $6,876,103.00 Norm cost per employee (industry type) $7,244.06 Norm total cost (industry type) $6,019,812.00 Norm source: "Employer Health Benefits 2014 Annual Survey", The Henry J. Kaiser Family Foundation and Health Research and Educational Trust, September 2014. Copyright @ 2017 Zywave, Inc. 351737 - January 1, 2018 - December 31, 2018[3]