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The ten-year period from 2005 through 2014 brought consistent increases in health benefit costs for multiemployer health plans, matched by increases in employer and worker/retiree contributions to cover the increased costs. During this period, the number of covered retirees increased, and the ratio of active to retired participants decreased making it increasingly difficult for plan trustees to manage the financial shortfall for retired participants. Despite this, the number of covered participants has remained largely unchanged over the past ten years, and the financial condition of many plans has improved. Those are among the findings of The Multiemployer Health Plan Landscape: A Ten Year Look (2005-2014).
This survey report looks at health benefit costs for multiemployer health plans during the ten-year period 2005 through 2014. The survey, with information based on Form 5500 date from over 1,600 plans, delivers data on plan demographics, benefit costs, income, cash flows and assets measured as months of data. Appendixes further break down data by industry, plan size and geographic region.
E-book available for downloading for 96 hours following purchase.
Keywords: COBRA|Health and welfare|Cost management|dental care|self-funding|Multiemployer plans|General|Other|Survey reports|United States|