Annual Survey Underway to Benchmark Employer-Provided Benefits Trends in Michigan

Annual Survey Underway to Benchmark Employer-Provided Benefits Trends in Michigan

The Michigan office of Marsh & McLennan Agency LLC, formerly McGraw Wentworth, has launched its 12th annual Southeast Michigan Mid-Market Group Benefits Survey. The free survey will provide company leadership and human resources professionals with trend data to understand the leading benefit strategies implemented by area employers and to guide their 2016 employee health care benefit decisions.

“Employers need timely data to guide their health care strategy decisions in an era of rapidly changing compliance issues and market forces,” said Rebecca McLaughlan, vice president, Marsh & McLennan Agency. “Year-over-year this survey provides valid, actionable data to help Michigan employers with their talent management and business management goals.”

More than 500 southeast Michigan organizations are expected to participate in the 2015 Mid-Market Survey, which is updated annually to reflect the changes in employer-sponsored health care. The resulting analysis will:

  • Provide insight into how Michigan organizations have complied with the policies and practices required by ACA.
  • Benchmark how employers have adapted workforce strategies and benefits eligibility due to the “play or pay” employer mandate.
  • Track the interest in and use of defined contribution plans, private exchanges and benefit administration solutions.
  • Highlight the usage of wellness and health management initiatives.
  • Recap prescription drug coverage multi-tier strategies.
  • Review PPO, HMO and CDHP plan deductibles and co-pays set by southeast Michigan employers.
  • Identify actions taken by TrendBendersTM, high-performing organizations that have kept average cost increases below trend over the past two years.

Mid-size employers with 100-10,000 employees in southeast Michigan — including manufacturing, health care, financial, technology, service, and not-for-profit organizations — benefit from the extensive survey analysis. Participants are invited to attend a free, accredited seminar to receive the results and analysis, along with a tailored report benchmarking their organization against industry peers and the entire dataset.

Data collection is underway and will conclude April 3, 2015. Results will be released in June 2015. All data and analysis will be confidential. Interested organizations can contact Ryan Bowers at (248) 822-6231 or visit mma-mi.com.

About Marsh & McLennan Agency– Marsh & McLennan Agency LLC, a subsidiary of Marsh, was established in 2008 to meet the needs of midsize businesses in the United States. MMA operates autonomously from Marsh to offer employee benefits, executive benefits, retirement, commercial property & casualty, and personal lines to clients across the United States.

About MarshMarsh is a global leader in insurance broking and risk management. Marsh helps clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them effectively manage risk. Marsh’s approximately 26,000 colleagues work together to serve clients in more than 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies(NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and human capital. With 55,000 employees worldwide and annual revenue exceeding $12 billion, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; Mercer, a global leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a global leader in management consulting. Follow Marsh on Twitter @MarshGlobal, or on LinkedIn, Facebook, and YouTube.