For Immediate Release January 8, 2008 Contact: Brenda Rood(262) 373-7756brendar@ifebp.org
"Due to the rising costs of health care benefits, employers are challenged to find a balance between cost-effective care and the level of benefits needed to successfully recruit and retain valuable workers,” said Julie Stich, Senior Information/Research Specialist at the International Foundation. “Employers need to regularly look at the benefits they offer to make sure they're reasonable yet current and competitive."
Key Survey Results
Employees Eligible for Health Care Benefits
Dependents Eligible for Health Care Benefits
Health Care Services Covered
Complementary and Alternative Medicine Providers and Therapies Covered
The survey also asked respondents about covered diagnostic tests, health care benefit exclusions, and additional coverage areas including inpatient and outpatient mental health services, annual physical exams, prenatal care, adult flu vaccinations, weight control surgery, smoking cessation programs, laser vision-correction procedures, organ transplants and health coaching.
Health Care Benefits: Eligibility, Coverage and Exclusions contains 22 sample health care policies and summary plan descriptions. The survey reflects responses from 400 U.S. corporate benefit managers, professional service providers, public employers and multiemployer plans.
The survey is the latest publication in the Survey & Sample Series. The series was created to provide survey data and samples on a variety of employee benefit topics to allow benefits professionals to compare their plans to others, determine trends and costs, and better manage their plans. Also recently published in the series are Investment Management Services, Retiree Health Care, Newsletters for Employees and Plan Participants, Public Employee Benefits and Family and Medical Leave. For more information, visit www.ifebp.org/surveysample.
Health Care Benefits: Eligibility, Coverage and Exclusions is 417 pages and is available in print (with the sample collection on CD-ROM) or CD-ROM. The survey costs $131 (I.F. Members $52). Order a copy online at www.ifebp.org/books.asp?6412 or call (888) 334-3327, option 4. Item #6412.
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The International Foundation of Employee Benefit Plans is a nonprofit educational association serving the employee benefits and compensation industry. Total membership includes more than 35,000 individuals representing over 8,300 trust funds, corporations, public employee groups and professional advisory firms in the United States and Canada.