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HighRoads' Energy Industry Health Care Survey (August 18, 2010) 2010 Cost Increases of 7.5% Follow 2009 Cost Increases of 8.3% Current Gross Cost Per Member Per Month (PMPM) Medical/Rx cost in 2010 is $427 while Employee Contributions PMPM are $94 for Participating Employers HighRoads, an industry leader in employer health care compliance, consulting and benefits management, today announced results of a new 2010 survey of health benefit programs for the energy industry. The survey, based on the analysis of data from energy employers representing approximately 220,000 medical/RX enrolled employees and their insured, shows trends in energy industry plan options, plan designs, costs and focus on wellness. "To help, many are increasing their focus on health and wellness screening and are turning to technology-based benefits management platforms to automate time consuming administrative processes to reduce costs without impacting plan value." Results of the survey show the following:
"Like their peers in other market segments, Human Resources professionals in the energy industry face increasing pressure to balance quality employee benefits and lower costs," said Josh Miley, principal, HighRoads. "To help, many are increasing their focus on health and wellness screening and are turning to technology-based benefits management platforms to automate time consuming administrative processes to reduce costs without impacting plan value." For more survey details, contact Josh Miley at jmiley @ highroads.com HighRoads Data Research HighRoads The Lab is the industry's largest real-time repository of health plan data, providing benchmarking data by which enterprises track market trends, research bids and conduct comparative analysis of cost factors. For more information go to www.thehrlab.com. About HighRoads The world's largest employers choose HighRoads to gain complete control over their health care costs and compliance. With HighRoads' service, employers have online access to benefits plan information and pricing, competitive benefits benchmarks, and complete benefits supply chain management. The privately-held company is headquartered in Woburn, MA. For more information, visit www.HighRoads.com. Colleen Gildea colleen@interbiznet.com Permalink . -. Todays Bugler . -. Send To a Friend . -. Readership Feedback Delicious Reddit Facebook StumbleUpon Twitter UpComing Event Annual WITI Women and Technology Summit WITI (Women In Technology International), the world's leading professional organization for executive women in technology, will truly inspire "Collaboration, Strategy and Growth" through hands on speaking engagements and panel discussions at the Annual WITI Women and Technology Summit in San Jose, CA September 12-14, 2010. WITI represents the ideal market for business Networking - CIO's, executive women and men as well as leaders in technology from around the world converge at WITI's Annual Women and Technology Summit to discuss and collaborate on innovative solutions to common business challenges, and explore new business opportunities. Annual WITI Women and Technology Summit Check out our new section 'Facts, Data & Statistics'.
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