The median cost of benefits for multiemployer health plans increased 54% over the ten-year period from 2007 to 2016, reaching $10,853 per participant per year, according to the new report The Multiemployer Health Plan Landscape: A Ten-Year Look (2007-2016). This third annual multiemployer health plan benchmarking report was produced in partnership with Horizon Actuarial Services, LLC, and the International Foundation of Employee Benefit Plans.
The comprehensive report covers the plan demographics, benefit costs, income and plan cash flows of 1,764 multiemployer health plans—providing coverage from more than five million participants.
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