United Benefit Advisors recently released the results of its 2012 Health Plan Survey. Since it’s the largest and most comprehensive health plan benchmarking survey in the industry, the results are always interesting. We analyze responses from 11,711 employers sponsoring 17,905 health plans nationwide — making our survey nearly 3 times larger than the next two largest benchmarking surveys combined! Such comprehensive data is crucial to benefit advisors as they counsel employers. I’d like to share some of our data around two questions I get most frequently:
Why are plan costs so much higher in the Northeast?