The following Healthcare Newsletter was issued by ACA Employee Benefits – 2019
The table below provides a snapshot of important data which should provide an indication of a scheme’s ability to provide competitive benefits on a sustainable basis.
ACA Employee Benefits - Healthcare regularly monitors key data of the most prominent schemes in order to early detect risks and to better understand the benefit changes and increases announced year on year.
While the number of principal members, net healthcare result and average age, solvency and other indicators provide for interesting reading, the average increases for the past 3 years provide some insights into the fierce competition between schemes to announce low increases. The announced increases should be seen against the background of benefit increases/reductions. For a number of years we have published the increases, but warned against observing these in isolation, as often a low increase can be very misleading and should be considered together with the benefit reductions or increases of the schemes.
Reference: CMS Report 2018