cost control

The CARES Act Paycheck Protection Program

In response to the spread of the 2019 Novel Coronavirus (COVID-19), President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law on March 27, 2020. The CARES Act is the third phase in Congress’ response to COVID-19 following the Coronavirus Preparedness and ...

CARES Act Paycheck Protection Program Employer FAQ

The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone. The loan amounts will be forgiven as long as: The loan proceeds are used to cover ...

HSA and HRA Contributions | 2019 UBA Health Plan Survey Trends

The health savings account (HSA) average contribution for singles rose to $989 in 2019 compared to $763 in 2018 and $477 in 2017, approximately a 30% increase over last year and 107% from two years ago. The health savings account (HSA) average family contribution is $1,632 in 2019. ...

Deductible Costs | 2019 UBA Health Plan Survey Trends

While employers have largely kept in-network single and family deductibles flat in 2019, rising out-of-network deductibles for families and singles continue to discourage use of non-participating physicians. For example, singles who go out of network for care face a $4,000 deductible, up from ...

Self Funding | 2019 UBA Health Plan Survey Trends

Historically, self-funding has been most attractive to the large group market, with approximately 60% of these groups choosing to self-fund, a number that has remained virtually flat over the last five years. Similarly, in the middle market (100-499 employees), approximately 30% of employers ...

Costs by Organization Size | 2019 UBA Health Plan Survey Trends

Generally, larger groups (those with 200 to 1,000+ employees) pay more than average per employee due to more generous benefit levels. After experiencing a stunning 9.6% increase last year, employers with 1,000+ employees were able to more characteristically negotiate better rates this year, ...

Costs by Industry | 2019 UBA Health Plan Survey Trends

The government/education/utilities sector has the priciest plans, at $12,125 per employee, up just 1.5% from last year. Total costs per employee for the construction/transportation, retail, hospitality, and health care sectors are all lower than average, making employees in these industries ...

Costs by Region | 2019 UBA Health Plan Survey Trends

Overall average costs per employee rose 1.3% from $10,313 in 2018 to $10,447 in 2019 (compared to 3.8%, from $9,934 in 2017 to $10,313 in 2018). Regional cost averages vary from the national picture, making it essential to benchmark both nationally and regionally. For example, a significant ...

Health Plan Costs & Premium Increases | 2019 UBA Health Plan Survey Trends

Average health plan costs rose a modest 4.6% in 2019, compared to the nearly 10% increase seen in 2018, a ten-year high. Good negotiation is key in securing the best final rates. UBA Partners reported that the average initial or proposed rate increase was 8.6%, with final rate increases ...

Top 10 Trends for 2019 | UBA Health Plan Survey

For 14 years, United Benefit Advisors® (UBA) has surveyed thousands of employers across the nation regarding their health plan offerings, including analyzing hundreds of data points related to cost, funding methods, enrollment, plan design, coverage features, wellness, prescription drug ...