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.
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 and when will I receive my results?
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.
Complete your survey by June 20 to receive your free PRINTED individual custom report.
We will be offering two seminars where you can receive your results:
July 18 at the Quad Cities Waterfront Convention Center in Bettendorf, IA.
July 19 at the Tuscany Event Center in Urbandale, IA.
