defined contribution and private exchange trends: test your familiarity with defined contribution...

What partners would you depend on to help you learn about new health benefit designs and distribution models?

What employee features would you include if you could design a benefit o�ering using an insurance exchange environment?

Employees will have a better

understanding of benefit costs

Have not begun to explore DCPs Already using DCPs (not on a

private exchange)

O�er a wider array of options

for benefit plans

Help employees make more

cost-conscious benefit decisions

Defined Contribution & Private Exchange Trends

77.5% Familiar 22.5% Not Familiar

InfographicInfographic

31.9% 17.9%

15.2% 14.8%Continue to o�er benefits that

would otherwise be in jeopardy

Benefits a DCP would bring to your company:

Still learning

Using DCPs on a private exchange Are considering exploring/adopting

DCPs to o�er on a private exchange

in the future

41.9% 24.5% 12.8%

6.8% 6.8%

Where are you in the process of exploring or adopting a DCP to o�er on a private exchange?

How familiar are you with defined contribution health benefit plans (DCPs) & private exchanges?

11.1% Industry/Trade Association11.8% Third Party Administrator

30.2% Benefit Consultants

16% Insurance Carrier

50% Insurance Brokers

26% Research Independently

4.6% Payroll Companies

Employer utilities you would value in o�ering health plans in an exchange environment:

82.6%

Premium Payment

Automation

43.1% 40%

39.2% 21.4%

82%

Payroll Processing Carrier Integration

78.3%

COBRA Compliance

65.3%

Health Spending

Accounts

65%

If considering defined contribution plans for future, when?

11.1%

2015

22.2%

2017

61.1%

2016

67.9%

50.4%

46.9%

38.5%

37%

29.4%

Plan and Cost Comparison Tools

Online Access

Progressive Cost Tracking Tools

Help Line

Combined Benefit Enrollment

Consolidated Employer Billing Services

29.4%

22.1%

Mobile

Financial Account Options

Private exchange features most important:

A large choice of plans

available at your company’s

targeted benefit level

The exchange allows any plan to

meet the exchange’s minimum

standards to participate

The exchange is government-run

The exchange actively screens and

restricts the number of plans that

may participate on the exchange

according to price and quality

www.HealthcareTrendsInstitute.org

Source: 2014 Healthcare Benefits Trends

Benchmark Study

© Copyright 2015. Healthcare Trends Institute.

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