< BACK TO BENCHMARKS / INDICES

A Guide to Adding Talent Management Solutions to Your HR System of Record 2014 ADP Annual Health Benefits Report

In its second year, the 2014 ADP Annual Health Benefits Report highlights significant trends in employer-provided health benefits between 2010 and 2014, and creates a set of benchmarks that enable employers to better gauge the effectiveness of their current strategies.

The ADP Annual Health Benefits Report brings to light the relative impacts of health plan premium dynamics as well as changes in economic conditions, legislation and workforce demographics.

Key findings in this report include:

Premium increases leveling
In 2014, the average monthly health plan premium was $870, an increase of 15% since 2010. After a spike of 6.9% between 2010 and 2011, the rate of increase has moderated in subsequent years.

Costs vary by state
An analysis of 20 selected states showed the cost of health plan premiums — as well as premium increases — varied widely from state to state.

Regardless of salary, premium per covered life fairly constant
When premiums were adjusted for total covered lives — considering each insured person, rather than each employee — costs were fairly constant among income levels, averaging $411 per month in 2014.

Dependents on parent’s plan until age 26
Several trends identified may be linked to the ability of dependents up to age 26 to stay on a parent’s health policy, if the plan offers dependent coverage.

Employers contributing slightly less
Employer share of contributions to health premiums declined slightly from 2010 to 2014, within a tight range of -1.0% with no dependents to -1.5% with dependents.

Eligibility mostly flat or increasing
From 2010 to 2014, eligibility remained relatively flat or increased for all groups. The increase in eligibility was highest among those under 30, at 4.2%.

Download the Full Report

2014 ADP Annual Health Benefits Report

The 2014 ADP Annual Health Benefits Report provides employers with a snapshot of the recent time period and a valuable baseline for measuring key trends in the years ahead. With these strategic insights, organizations can build effective benefits strategies for the future.

All fields are required.

   
 
   
 
Are you an existing ADP client?      

Contact Information

 
 
   
 
Your privacy is assured.

A Guide to Adding Talent Management Solutions to Your HR System of Record

Keywords: Benefits Administration, Compliance

Business Types: Large

Roles: Human Resources

A Guide to Adding Talent Management Solutions to Your HR System of Record2014 ADP Annual Health Benefits Report

Download Report

Contact Us

ADP Research Institute®

Call: (973) 974-7406
Email: ADP Research Institute

Media Inquiries

Call: (973) 974-7034
Email: Public Relations

ADP National Employment Report®

Call: (973) 974-7612
Email: Public Relations

New Products or Services

Call: (800) 225-5237


ADP Research Institute®

Research. Expertise. Data.