"In comparing 2004 and 2008 costs, employers and employees are definitely seeing higher dollar costs, but there is also an increase in employee cost- sharing," said Alter. "Employers are now building in incentives to direct employees to the right place for the right care such as increasing co-pays for emergency room care versus lower co-pays for office visits."
Survey respondents represent diverse industries including manufacturing, financial and other services, health care, and non-profit organizations. Twenty-eight percent of the employers surveyed have at least some unionized employees and 25% of survey respondents are considered auto suppliers. The McGraw Wentworth 2008 Mid-Market Group Benefit Survey is statistically valid with a 5% margin of error.
The McGraw Wentworth Mid-Market Group Benefits Survey is the largest of its kind with a total of 569 mid-sized employers participating statewide including 376 Southeast Michigan organizations. Survey data results for southeast Michigan employers was released today. The survey results released today provide local data regarding the extent and effect 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 in Southeast Michigan. The local market data accurately benchmarks an organization's competitors and can lead to better decision-making about benefits design, say survey organizers.
Results of the McGraw Wentworth 2008 Mid-Market Group Benefits Survey will be shared with survey participants at a series of private interactive seminars during May and June. The survey is sponsored by McGraw Wentworth, Michigan's largest employee group benefit consulting and brokerage firms with offices in Troy and Grand Rapids. For further information contact Ryan Bowers at McGraw Wentworth, (248) 822-6231 or visit mcgrawwentworth.com.'/>"/>
|SOURCE McGraw Wentworth|
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