Employee Benefits Benchmarking

How do your employee benefits compare to other employers in the same geographic area, industry, and size? Share To Compare is LMC's annual Midwest regional benefits benchmarking survey for mid-market employers.

This survey provides valuable benchmarking data that will help you make appropriate changes to your plans without compromising your ability to attract and retain your most valuable asset, your employees. Some of the information gathered in the survey asks questions such as:

• What type of benefits do you offer your employees?
• What is your deductible, coinsurance, copays, etc.?
• What is your contribution strategy?
• What ancillary lines of coverage do you offer?
• What is your time off and leave of absence policy?
• What are you doing to combat the increasing costs of your benefit plans?
• What are you doing in the area of wellness and disease management programs?

Questions about LMC's Share to Compare survey may be directed to Ali Clark at ali.clark@lmcins.com.

 

Ready to begin your survey?

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Take me to the survey

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During my annual strategic planning process, I use the benchmarking data I receive from LMC’s Share to Compare survey to help me set contribution rates as well as evaluate plan design.  Further, I reference the LMC benchmarking data in employee open enrollment meetings as it supports our message regarding the market competitiveness of our medical plans.

Kate. A

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The Share to Compare survey has been a great benefit comparison for our organization! The credibility is second to none!  Seeing our plan data compared to Midwest regional and national data is a great foundation for decision making. 

​This has quickly become my go to survey!

Teresa H.

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LMC’s annual Share to Compare Benefits survey offers an insightful roadmap of emerging trends and benchmarking data that informs our strategies and helps us set the course for success with benefit design. 

​LMC understands their audience, and relates complex information in way that is useful, understandable, and practical.  The fresh, relevant material keeps us apprised of the current benefits landscape, making both the survey & interactive seminar presentation a great investment of our time.

Jamie P.

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What's new this year?

• New look and feel
• Updated sections that build upon each other
• Access to 2017 Best in Benefits results
  
• Opportunity to provide user feedback

Why participate?

• Quick and easy to complete online
• Comprehensive, customized benchmarking of your specific benefit plans
• Thorough interpretation to help you make better informed decisions
• Individual Custom Report free of charge
  

Frequently Asked Questions

What information will I receive by participating in the survey?

Plan design statistics on:

• Deductibles
  
• Office visit copayments
  
• Medical plan cost increases
  
• Monthly premiums (single/family)
  
• Monthly employee contributions (single/family)
  
• Wellness
  
• Benefits offered
  

Is other more detailed information available?

Yes. The survey contains hundreds of data elements. Additional information is available and may be requested based on your specific needs.

Will my information remain private?

Yes. We take your privacy very seriously and take every precaution to ensure your trust is not violated. Your information is confidential, and we do not share your specific results with anyone but you. All information is aggregated and de-identified when shared publicly. Additionally, all information sent is secured through password protection and firewall security.

Is the survey easy to complete?

YES! We hired one of the nation’s most highly respected actuarial consulting firms to produce a survey that is quick and easy to navigate. You can complete the survey online in an average of about 15 to 30 minutes as a returning user, and 30-60 minutes as a new user starting from scratch.

Before you begin, you will need the following information available:

• Plan designs (typically found in your Summary Plan Descriptions)
• Total monthly premiums (budgeted rates), monthly employee contributions (dollar amounts) and enrollment
• Time off, wellness, disease management, voluntary benefits, leaves of absence, and other miscellaneous and innovative benefits you offer

Additionally, your responses are saved throughout so you can come back and finish the survey later.

How can I participate?

To participate in the survey, click here.

Note email addresses are necessary in order for respondents to save and view responses at a later time. We do not use email addresses for any other purpose.

Who can I contact if I have more Questions?

Email your questions to Ali Clark at ali.clark@lmcins.com.