Employee Benefits Benchmarking
How do your employee benefits compare to other employers in the same geographic area, industry, and size? LMC's annual Midwest regional employee benefits benchmarking survey for mid-market employers 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:
Questions about the survey may be directed to Ali Clark at ali.clark@lmcins.com.
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 the survey may be directed to Ali Clark at ali.clark@lmcins.com.
Why participate?
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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
Will I have Access to Additional Benchmarking?
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 45-60 minutes as a new user starting from scratch.
Before you begin, you will need the following information available:
While it is not necessary to complete the entire survey in one session, we do encourage you to fill out as much of the survey as possible. If you choose to fill out your information in increments, click SAVE & FINISH LATER to ensure your responses are saved. At any time, you may return to add additional information and/or make updates as necessary.
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
While it is not necessary to complete the entire survey in one session, we do encourage you to fill out as much of the survey as possible. If you choose to fill out your information in increments, click SAVE & FINISH LATER to ensure your responses are saved. At any time, you may return to add additional information and/or make updates as necessary.
How can I participate?
Click on the appropriate link below to access the 2020 survey:
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, and you will not be contacted by the system.
- Click here if you are a hospital or health system
- Click here if you are a member of LeadingAge
- Click here if the first two options don't apply to you
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, and you will not be contacted by the system.
Who can I contact if I have more Questions?
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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!
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.
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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