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Press Release
For Immediate Release
Employees Increasingly Accept and Understand Reductions in Health Plan Benefits and Premium-Cost Sharing
Education and tools high priorities for helping employees make better decisions
AUSTIN, Texas, May 11, 2009 / PRWeb / -- Resource Financial Group, a Member of United Benefit Advisors, LLC (UBA), one of the nation's leading employee benefits advisory organizations, today released additional data from the 2009 UBA Employer Benefit Perspective Survey (view video), which delineates employers' positions and opinions on Employee Communications, Personal Health Management and Scope of Benefits Offered. The 2009 UBA Employer Benefit Perspectives survey provides employers with critical benchmarks that help them to compare attitudes and strategies regarding employer-provided benefits with those of their peers and competitors.
“The Employee Communications section of the 2009 UBA Employer Benefit Perspective Survey, yielded some interesting results in light of the issues that exist within today’s health care debates,” according to Dennis Passovoy, President, Resource Financial Group. The first of these was in response to the opinions employers expressed about employee reaction to reduction in health plan benefits and/or increase in premium cost-sharing. Employers polled indicated that only one in five employees was upset by a reduction in benefits and/or cost increases. Roughly 40 percent or more of the employers felt their employees are aware of increasing medical costs and, although they didn’t like the changes/cost increases, they understood why the employers had to make them, said Passovoy.
In the area of Personal Health Management, more than two-thirds of the employers responded positively to employees needing tools to help them become better health care consumers. Specifically, tools that help the employee choose the best plan option based upon their personal and their families’ medical conditions and needs were most popular. They also felt there is a need for additional employee education on health care costs and ways to manage those costs with a focus on hospital and physician costs and quality data.
To obtain additional results of the 2009 UBA Employer Benefit Perspective Survey click here (view video), or contact Resource Financial Group at 1700 West 6th Street, Austin, TX 78703; info@rfg.com; 512-478-8779 or visit us on the web at (www.rfg.com).
ABOUT THE 2009 UBA EMPLOYER BENEFIT PERSPECTIVES SURVEY
The 2009 UBA Employer Benefit Perspectives and the 2008 UBA Employer Benefit Perspective Survey (which addressed employers' specific health care strategies, health benefits philosophy and opinion, health plan management, and Consumer Driven Health Care) serve as companion pieces to the 2008 UBA Health Plan Survey. Released in August, the 2008 UBA Health Plan Survey is the largest and most comprehensive benchmarking survey of health plan design and costs ever conducted in the U.S.
About Resource Financial Group (RFG)
Resource Financial Group (RFG) (www.rfg.com) is a strategic workforce and employee benefits advisory and brokerage firm, serving clients for over 25 years. Based in Austin, TX, RFG is also a co-founder of United Benefit Advisors (UBA), the third largest employee benefits advisory organization in the U.S., providing RFG with a national presence on behalf of its clients.
For more information about RFG, please call (512) 478-8779, e-mail info@rfg.com, or visit us online (www.rfg.com).
Contact:
Dennis Passovoy
Resource Financial Group
512-617-8726
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About United Benefit Advisors (UBA)
United Benefit Advisors (UBA) (www.UBAbenefits.com) is one of the nation’s largest employee benefits advisory organizations, has more than 1,900 experienced benefits professionals in ~165 offices throughout the U.S. and Canada. An alliance of nearly 140 of the nation’s premier independent benefit advisory firms, UBA members are able to help employers and their employees respond efficiently and effectively to the challenges of an ever-changing employee benefit marketplace. UBA members provide employee benefits consulting, brokerage services, and best-in-class products to more than 37,000 private corporations and public employers across the U.S. and internationally. As trusted advisors, UBA members help their clients manage approximately $16.5 billion annually in employee benefit expenditures on behalf of nearly 5.4 million employees and their families. In addition to the 2008 UBA Health Plan Survey, UBA also conducts annually one of two Employer Opinion Surveys, designed to monitor prevailing trends associated with employee benefit programs. For more information, visit us online (www.UBAbenefits.com).
Contact:
Bill Stafford
United Benefits Advisors
317-705-1800
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