July 13, 2021

Medical Trends Benchmarking


In the past four years, Apex’s Indiana Employee Benefits Benchmarking Survey has consistently shown there is a large price discrepancy between what Hoosiers pay for hospital services compared to the rest of the country.

The 2021 Benchmarking Report is no different.

However, this year’s report shows employers are becoming more proactive to help reduce the burden employees face. Here’s a brief snapshot of what our survey results showed:

More plans offered

While the majority of employers continue to offer either one or two medical plans for their employees, the number of organizations offering more than two has risen.

In 2019, just 10% of Indiana employers offered three medical plans, while just 3% offered four or more. In 2021, those numbers rose as 13% now offer three plans, and 6% offer four or more.

Nationally, only 26% of employers offer two or more medical plans.

What does that mean? It gives employers more variety to choose a plan that best fits their needs.

Shift toward HDHP

Just two years ago, the majority of Indiana employers preferred provider organization plans (PPOs) over high-deductible health plans. That tune has changed since then.

The shift toward HDHP plans has been steady as now 55% of Indiana organizations offer HDHP to their employees. In 2019, that number was 49%. Both of those numbers are significantly higher than national averages according to Mercer National (38%) and Mercer Midwest (42%).

How do you compare?

Those are just two trends Apex noticed in our benchmarking data this year.

Want to know how your company’s benefits package compares to other Indiana employers? Request a Custom Benchmarking Report at no cost to you. It’s the first step in creating a sound benefits package.

Request Report