2011 Indiana Healthcare Benefit Survey

Nyhart has released the second annual edition of the Indiana Healthcare Benefit Survey – a comprehensive review of healthcare benefits by Hoosier employers in varying industries and locations across the state of Indiana. The survey included 215 companies with a combined workforce of 170,000+ Hoosier workers.

Download the executive summary of the study using the form below.

About the Study

The study was conducted in partnership with First Person Benefit Advisors, Gregory & Appel Insurance and Old National Insurance. The survey’s results have been released in an 80+ page report and reveals rising deductibles and lower employer subsidies as healthcare benefit costs rise for Hoosier workers.

Findings include:

• Healthcare benefit costs increased 6.9% (single coverage) and 8% (family coverage) in 2011 for Indiana employers.

• The typical Hoosier is paying $105/mo. for single coverage and $417/mo. for family coverage. Indiana employers provide an average subsidy of $364/mo. for single coverage and $915/mo. for employees with family coverage.

• For 2011, nearly one in five employers increased their deductible. Employees of those companies saw their deductible rise by 49% on average.

• Healthcare benefit costs are higher costs for Hoosiers than the national average.

• When faced with a choice of cutting back benefits or shifting costs to employees, 44% of employers favor reducing benefits to maintaining cost levels while 18% favor passing cost increases on to employees.

Get the entire 80+ page report

You can receive a complete copy of the 2011 Indiana Healthcare Benefit Survey report which includes break-outs by industry, geography and company size at no cost to you by committing your organization to participate in next year’s 2012 survey.  If you do not wish to include your company in next year’s study, you may purchase the 2011 survey benchmarks for $300.

Use the form below to request the full report by selecting “Get the full report.”

Questions? Ask Nyhart

Do you have a question about the 2011 Indiana Healthcare Benefit Survey or are you interested in how information in this report may impact your business? We are happy to assist you with your question.

Randy Gomez, FSA
Senior Healthcare Actuary
(317) 845-3595, randy.gomez@nyhart.com

Evi Laksana, ASA
Associate Healthcare Actuary
(317) 845-3597, evi.laksana@nyhart.com

Audra Mardis
Healthcare Actuarial Analyst
(317) 845-3598, audra.mardis@nyhart.com