CSIA: Group Insurance Benefits Survey2006

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CSIA Group Insurance Benefits Survey-2006

• Information collected and compiled by Optimation

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What medical plan(s) do you sponsor?

• Out of 31 respondents
• 7 sponsor a Health Maintenance Organization (HMO)
• 25 sponsor a Preferred Provider Organization
  (PPO)
• 5 sponsor a High Deductible Health Plan (HDHP)
• 6 sponsor a Health Savings Account (HSA)
• None of the surveyed companies sponsor Health
  Reimbursement Accounts (HRA)
• 0 of the companies do not sponsor any medical
  plan
• (7 companies sponsor more than one (1) medical
  plan)

3
What are the annual deductibles on your health
plans?
7 companies
4
What are the co-payments for office visits?
5
What are the co-payments for retail prescription
drugs?

• Mean cost for Preferred Brand Drugs- 25.19

• Mean cost for Generic Brand Drugs- 11.73

• Mean cost for Other Brand Drugs- 42.08

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What are the co-payments for mail order
prescription drugs?

• Mean co-pay for Other Brand Drugs- 83.13

• Mean co-pay for Generic Brand Drugs- 26.58

• Mean co-pay for Preferred Brand Drugs- 52.78

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What percentage of premium costs does the company
pay?

• The average percentage of premiums companies pay
  for
• A. Single- 77
• B. Dependents- 65
• C. Family- 66
• D. Family w/o spouse- 69
• E. Two person family- 67
• Two companies pay 100 of premium costs.

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What is the monthly employee contribution amount?

• For those companies whose employees contribute,
  the average monthly contribution is
• 1. Single- 68.32
• 2. Dependents- 163.33
• 3. Family- 288.48
• 4. Family w/o spouse- 165.35
• 5. Two person family- 180.79

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Other company contributions to benefit plans (A-E)

• A. Dental Insurance (average company
  contributions for those who participate)
• 1. Single- 21.06/month
• 2. Dependents- 32.61/month
• 3. Family- 60.47/month
• 4. Family w/o spouse- 41.07/month
• 5. Two person family- 36.45/month
• 14 out of the 31 companies surveyed do not
  contribute to employee dental insurance

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Other company contributions to benefit plans (A-E)

• B. Life Insurance
• Of the 31 respondents, 20 companies offer life
  insurance. Of those who do

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Other company contributions to benefit plans (A-E)

• C. Company provided Long Term Disability
• 17 out of 31 companies offer at least 60 of
  salary for long term disability benefits.
• D. Company provided Short Term Disability
• 14 out of 31 companies offer at least 60 of
  salary for short term disability benefits.
• 11 of the 31 companies do not offer long term
  or short term disability benefits

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Other company contributions to benefit plans (A-E)

• E. Health Savings Account
• Six (6) of the 31 companies who responded
  contribute to their employees Health Savings
  Account.
• Of those six companies, two (2) have plans for
  the single, dependent, family, family without a
  spouse, and two parent family.
• The remaining four (4) omit one or more group
  from the benefit.

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Do you offer Flexible Spending Account (FSA)?
Does the company contribute to the FSA?

• Out of 31 respondents
• 20 companies offer a flexible spending account
• 11 companies do not offer a FAS
• Of the companies that do offer an FSA, one (1)
  company contributes to the FSA

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Thank you for completing the CSIA Health Benefits
Survey

• Your time and effort are greatly appreciated!