Defined Contribution Trends in Health Plans [Infographic]

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Defined Contribution Plans, or DCPs, began as retirement accounts for retiring employees. Throughout the years, large companies began to adopt the same model to allow all employees to pick and choose the benefits most important to their long term retirement plans.

The 2013 Healthcare Benefits Trends Study details the awareness and adoption of defined contribution health plans as they relate to the emergence of consumer-driven healthcare.

The following Infographic visually represents some key highlights from the study regarding trends in defined contribution for 2014 and beyond.

To view the study, please head over to http://www.evolution1.com/healthcare-trends-institute/2013-healthcare-benefits-trends-benchmark-study-results-now-available/

To see original source for this infographic and to learn more about healthcare trends, please view the page below
http://www.evolution1.com/healthcare-trends-institute/trends-in-defined-contribution-infographic/

Published in: Health & Medicine
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Defined Contribution Trends in Health Plans [Infographic]

  1. 1. Trends In Defined Contribution Health Plans - Infographic How familiar are you with Defined Contribution Health Plans (DCPs)? 59.4% of employers are familiar with Defined Contribution Health Plans (DCPs) 54.1% believe DCPs will help employees make more cost-conscious benefit decisions 40.5% believe offering a DCP will also increase employee understanding of benefit costs 31.5% believe DCPs will allow the company to continue offering benefits otherwise in jeopardy 31.5% believe DCPs will lower health benefit costs for the company Where are you in the process of exploring/adopting defined contribution plans? 36.1% indicated they were considering DCPs 25.2% indicated they are not interested I rn18.9% indicated they are still learning 14.4% indicated they are already using What Information are you seeking regarding DCPs? II How would our company benefit from DCPs? -27.6% What are DCPs? -25.7% II Do employees like DCPs? -19.1% IIWhat other health plan designs are available? -15.8% II Other -9.2% II Can our company offer a DCP plan under PPACA? -2.6% What partners would you depend on to help you learn about new health benefit designs such as defined contribution plans? Insurace broker's(46.2%) and benefit consultants (45.3%) are the top two external partners employers will look to for more informationaboutDCPs � of respondents reported they would do research independently Healthcare Trends Institute www.HealthcareTrendslnstitute.org © Copyright 2.013. Healthcare Trends Institute. Source: 2.013 Healthcare BenefitsTrends Benchmark Study

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