Page 35 - 2020 Peel & Holland Benchmarking Survey Results

How many employees are currently enrolled in your health plan(s)?
High-Cost
Claimants
with
Non-Ongoing
Conditions
High-Cost
Claimants
with 31% 16
Chronic
Ongoing WESTERN KENTUCKY EMPL OY EE BENEFIT S
Conditions 53% 27 BENCHMARKING SURVEY
Rx Cost 59% 30 HEALTH PLAN FUNDING 2017
Chronic
Disease 47% 24
7e the primary drivers
We Don't Know What ar
14%
of your health plan cost?
77%
70%
of large U.S. employers
cited high-cost claimants
60% 59% as one of the top drivers
53% of rising healthcare costs
50% 47% with 39% adopting a more
1
focused strategy.
40%
31%
30%

20%
14%
10%

0%
High-Cost High-Cost Rx Cost Chronic Disease We Don't Know
Claimants with Claimants with For example: Diabetes
Non-Ongoing Chronic Ongoing High Blood Pressure
Conditions Conditions High Cholesterol

Measures Implemented Regarding

Health Plan Cost Increase

Absorbed the costs 80%
Absorbed the cost
within the organization
within the organization
Shifted cost to
Shifted cost to employees
employees through increased 54%
through increased
deductibles/plan changes
deductibles/plan changes
Shifted cost to
Shifted cost to employees 44%
employees through
through increased premiums
increased premiums
Looked at alternative
Looked at alternative
carrier offerings 2 29%
carrier offerings
Reduced other
Reduced other
benefit offerings 5%
benefit offerings
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

1 SHRM.org: Managing High-Cost Claimants is Employers’ Top Health Savings Strategy
2 This could include reference-based pricing, captives, or level or self-funded model.
PEEL & HOLLAND | 2020 Western Kentucky Employee Benefits Benchmarking Survey Results 33