Navigation Links
McGraw Wentworth Launches Survey to Benchmark Employee Benefit Trends in Michigan
Date:2/15/2008

Survey will show what top-performing organizations are doing to hold the line on health care cost increases. 500 employers expected to participate.

TROY and GRAND RAPIDS, Mich., Feb. 15 /PRNewswire/ -- Experts predict health care costs will increase between 8% and 12% in 2008. The impact of these increases will have a major effect on Michigan employers that are, in some instances, fighting for survival while others are competing globally for high tech talent. What are top-performing companies doing - or not doing - to achieve lower-than-average cost increases in employee health benefits? Data for decision-making on these questions and more will be gathered in the McGraw Wentworth 2008 Mid-Market Group Benefit Survey beginning February 18.

The survey will provide local data regarding the extent of cost control strategies such as higher deductibles, higher pharmacy and office visit co-pays, Health Savings Accounts (HSAs) and spousal surcharges on health care costs. The survey analysis also will provide a Total Cost Ratio comparing what Michigan employers and employees pay in total for benefits in 2008 including premiums, employee payroll contributions and out of pocket costs.

No company in Michigan should be without the survey information say organizers. Every mid-sized employer with 100 -10,000 employees in southeast and west Michigan - whether in the manufacturing, technology, service, government, education or not-for-profit sector - will benefit from the survey which provides local market data that accurately benchmarks an organization's competitors.

"The Mid-Market Survey provides real-time data about what is happening in Michigan which continues to offer a substantial level of employer-sponsored health care," says Tom McGraw, President of McGraw Wentworth. "Survey participants will have a statistically valid tool to evaluate future plan designs and cost sharing without inadvertently making their benefit plan non-competitive."

The survey will examine approximately 125 high performing trend setting organizations (TrendBenders(TM)) that have successfully kept cost increases at 0% to 2%, managing their costs using a variety of plan design strategies.

The survey is sponsored by McGraw Wentworth, one of Michigan's largest employee group benefit consulting and brokerage firms with offices in Troy and Grand Rapids. There is no charge to participate. Employers who complete the online survey will be invited to participate in one of several interactive survey report sessions to be held in May and June. All data will be confidential. To register, call Mitsy Morris at McGraw Wentworth, (248) 822-6261 or visit mcgrawwentworth.com.

Contact: Patricia McCarthy

(313) 882-9200

Ryan Bowers

(248) 822-6231


'/>"/>
SOURCE McGraw Wentworth
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. McGraw-Hill Higher Education Publishes Text on Innovative Electronic Health Records System
2. McGraw-Hill Professional Enhances Library Access to Medical and Engineering Resources
3. The Tug McGraw Foundation Announces 2007 Fundraising Gala
4. USAID Launches a $60 Million Child-Spacing and Reproductive-Health Program in Pakistan
5. GSK Launches New Website to Help Employers Lower Costs and Improve the Health of Workers
6. NHS Choices Launches New Food Allergy Symptom Checker
7. Medco Launches Medicare Part D Initiative to Promote ePrescribing
8. Latest Salvo Fired in Frozen Yogurt Wars as Southern Californias Fastest-Growing Franchise - Cefiore - Launches New Chocolate Flavor
9. Illinois Meth Project Launches Large-Scale Meth Prevention Campaign
10. Lupus Foundation of America Launches Website Message Boards to Connect People With Lupus
11. NHS Choices Launches Medical News Guide to What Lies Behind the Headlines
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/26/2017)... ... 2017 , ... Functional imaging data supports improved cognition in ... today at the 1st Pan American Parkinson’s and Movement Disorders Congress. , It ... improving cognitive function in PD patients. This study, led by Ibarretxe-Bilbao et al., ...
(Date:2/25/2017)... ... February 25, 2017 , ... FCPX users now have the ability to sharpen ... With ProSharpen Color users have total control over sharpening amount, sharpening radius, threshold, horizontal ... color spectrum tools users can visually see the color range effected with ease all ...
(Date:2/24/2017)... ... February 24, 2017 , ... Houston dentist , ... office, Antoine Dental Center. Currently, patients can get single dental implants for $3,599 ... patients can learn more about these offers by contacting Antoine Dental Center. Both ...
(Date:2/24/2017)... (PRWEB) , ... February 24, 2017 , ... ... provides business development, education, networking and recognition opportunities as well as advocacy for ... Works in Holmdel, NJ on February 23. The Council's Innovation Forecast event ...
(Date:2/24/2017)... ... February 24, 2017 , ... ... University, has officially announced the appointment of Peter A. Bell, DO, MBA, HPF, ... Medicine (LUCOM), beginning April 10. Dr. Bell comes to Liberty from the ...
Breaking Medicine News(10 mins):
(Date:2/24/2017)... HARRISBURG, Pa. , Feb. 24, 2017 ... Secretary of Drug and Alcohol Programs Jennifer Smith ... role in providing training for and using naloxone, a ... Mark McCullough , a recovery specialist and overdose ... naloxone by EMS providers. "A significant part ...
(Date:2/24/2017)... 2017 Juan Monteverde , founder and ... a boutique securities firm headquartered at the Empire State ... announces that a class action lawsuit has been filed in ...  against Inotek Pharmaceuticals Corporation (NASDAQ:  ITEK)("Inotek" or the "Company") ... 23, 2015 and December 30, 2016, inclusive (the "Class ...
(Date:2/24/2017)... MELBOURNE , Australien, 24. Februar 2017 /PRNewswire/ ... innovatives, diversifiziertes Unternehmen des Gesundheitsbereiches, ist erfreut, für ... Vergleich mit dem entsprechenden Vorjahreszeitraum exzellente Ergebnisse vorlegen ... BioMedical und Aktualisierung zum Wachstum" finden Sie ... Gewinn nach Steuern 2,12 Millionen USD (Dez. 2015: ...
Breaking Medicine Technology: