Navigation Links
Employers' Methods for Containing and Reducing Costs Vary By Region
Date:10/17/2008

The Benefits USA 2008/2009 survey of more than 5,500 benefit plans found 68.3 percent of organizations nationally use wellness programs to contain costs, while 35.6 percent are increasing the employee portion of the premium.

Kansas City, KS (PRWEB) October 17, 2008 -- Employers are utilizing a mix of cost containment and cost reduction measures to combat rising health care costs. The Benefits USA 2008/2009 survey of more than 5,500 benefit plans found 68.3 percent of organizations nationally use wellness programs to contain costs, while 35.6 percent are increasing the employee portion of the premium. Although these trends are prevalent across the country, the report showed increased usage of these methods in the South and Central regions and decreased in the West and East.

Wellness programs have garnered media attention as many organizations are utilizing this method to contain health care costs nationally. Companies in the Midwest have the highest percentage implementing this method, 70.4 percent. Those in the West have the lowest, 63.8 percent. Nationally, the most offered wellness option is flu shots/immunizations. Tobacco cessation and health risk assessments follow with both offered by about one-third of the organizations surveyed. One of the most discussed new tactics, weight management, is offered by just over 20 percent.

While wellness programs are popular, their effects are not immediate, causing some organizations to choose additional methods to alleviate growing costs. Nationally, 18.1 percent of organizations offered a choice of deductible levels. When compared to each region, the South has the highest percentage, 21.6, and the East has the lowest, 13.6 percent. On a national level, 67.4 percent are coordinating benefits to contain costs. This method varies largely by region, as 71.7 percent of organizations in the Midwest utilize it and 58.5 percent in the West.

Although organizations continue to pass costs onto employees, fewer companies are reducing benefits. The East has the lowest percentage of organizations utilizing this method, 4.9 percent. The Midwest and West follow with both at 5.3 percent. The South Region had the highest percentage, 5.6 percent.

About the Survey:
Benefits USA 2008/2009 analyzes national and regional data on benefits eligibility and administration policies with detailed information on benefit plans, premiums and provisions. Information was collected from more than 5,500 benefit plans covering almost 6 million employees across the country.

Compdata Surveys, www.compdatasurveys.com/2009, is the nation’s leading compensation and benefits survey data provider. Data is collected annually from thousands of organizations across the country. Compdata Surveys has been providing accurate, reliable data at affordable prices to organizations since 1988. For further information about the compensation and benefits surveys, contact Lane Odle at (800) 300-9570 or lodle @ compdatasurveys.com.

For more information, contact:
Lane Odle
Product Marketing Manager
(800) 300-9570
lodle @ compdatasurveys.com

This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.

###

Read the full story at http://www.prweb.com/releases/2008/10/prweb1484034.htm


'/>"/>
Source: PRWeb
Copyright©2008 Vocus, Inc.
All rights reserved

Related medicine news :

1. Report on patients access to cancer drugs uses flawed methods to reached flawed conclusions
2. Medicare Prescription Drug Benefit, Nonprofit Hospitals, Ambulatory Surgery Centers, Statistical Methods, and Pay-For-Performance Highlighted In the Latest INQUIRY Journal
3. GPS-like technology helps pinpoint best methods for moving injured players
4. New Seminar Series from Activator Methods Teaches Doctors a Unique Approach to Improving Nations Chiropractic Care: Focus on the Patients
5. Manchester researchers announce new methods of beating breast cancer
6. Air Methods Completes Acquisition of FSS Airholdings, Inc., Parent Company of CJ Systems Aviation Group, Inc.
7. Air Methods to Report Third Quarter Financial Results Before Market Open on Thursday, November 8, 2007
8. Air Methods Reports 3Q2007 Results and 4Q2007 Update
9. New Booklet Reveals 12 Proven Methods for Stopping MRSA from Infecting Your Feet and Your Familys Feet
10. Cold Spring Harbor Protocols features innovative methods for embryology research
11. Results promising for computational quantum chemical methods for drug development
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... ... June 25, 2016 , ... Dr. Calvin Johnson ... Recently, he has implemented orthobiologic procedures as a method for treating his patients. ... the first doctors to perform the treatment. Orthobiologics are substances that orthopaedic surgeons ...
(Date:6/24/2016)... Michigan (PRWEB) , ... June 24, 2016 , ... Those ... deal with these feelings, many turn to unhealthy avenues, such as drug or alcohol ... of Marne, Michigan, has released tools for healthy coping following a traumatic event. , ...
(Date:6/24/2016)... ... June 24, 2016 , ... Global law firm Greenberg Traurig, P.A. announced that ... chosen by their peers for this recognition are considered among the top 2 percent ... special honors as members of this year’s Legal Elite Hall of Fame: Miami ...
(Date:6/24/2016)... , ... June 24, 2016 , ... People across the ... Genome magazine’s Code Talker Award, an essay contest in which patients and their families ... to be presented at the 2016 National Society of Genetic Counselors (NSGC) Annual Education ...
(Date:6/24/2016)... , ... June 24, 2016 , ... ... actively feeding the Frederick area economy by obtaining investment capital for emerging technology ... past 2½ years that have already resulted in more than a million dollars ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... HILL, N.C. , June 24, 2016 /PRNewswire/ ... healthcare decisions and regulators/payers have placed more emphasis ... new environment, patient support programs in the pharmaceutical ... for patients, medications. Consequently, pharmaceutical companies are focusing ... ensure they are providing products and services that ...
(Date:6/24/2016)... , June 24, 2016   Bay Area ... Network,s Dean Center for Tick Borne Illness ... and Rehabilitation, MIT Hacking Medicine, University of California, ... today announced the five finalists of Lyme ... disease.  More than 100 scientists, clinicians, researchers, entrepreneurs, ...
(Date:6/24/2016)... Va. , June 24, 2016 The ... set of recommendations that would allow biopharmaceutical ... (HCEI) with entities that make formulary and coverage decisions, ... the "value" of new medicines. The recommendations ... does not appear on the drug label, a prohibition ...
Breaking Medicine Technology: