Page 47 - 2020 Peel & Holland Benchmarking Survey Results
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WESTERN KENTUCKY EMPL OY EE BENEFIT S
BENCHMARKING SURVEY
CONTRIBUTION & COST SHARING 2017
National Trend
While each employee’s needs are unique, employee demographic groups often gravitate toward
similar benefits and what they deem as “must-haves.” Younger generations, more recently out of
school, are more interested in student debt forgiveness programs. And as employees get older,
their desire for prescription drug coverage increases.
Employees who said prescription drug coverage is a “must-have”
90%
80%
82%
70% 77%
60% 63%
50%
51%
40%
30%
20%
10%
0%
Gen Z Millenials Gen X Boomers
MetLife Employee Benefits Trends Study, 2020
Copay adjustments on the rise Sticking with the Rx Health Plan
29% of survey respondents said they made adjustments to 76% of survey respondents said they have not utilized
their copays in the past year to offset Rx plan costs, which is alternative sources for prescription drugs outside of the
an increase from 23% in 2018’s survey. health plan.
PEEL & HOLLAND | 2020 Western Kentucky Employee Benefits Benchmarking Survey Results 45
