The 2019 Alera Veterinary Benefits Benchmarking Study represents the employee benefit programs offered to more than 8,000 veterinary professionals across the country, and accounts for $83.1 Million in healthcare spending. The information contained in our report is designed to provide a benchmark by which you can evaluate the relative strength of your health plan designs, costs, and cost-sharing arrangement.
Survey Highlights:
48% of practices surveyed offer a PPO plan, and 78% of practices offer just one health plan option for employees to choose from
On average, employers are paying 64% of employees’ PPO health insurance premium
In 2019, the average renewal increase was 5%
31% of practices offer dental insurance, and 17.6% offer vision coverage
Once you know how your practice’s benefits compare to what others are offering their staff, you’ll be able to identify where to make changes and develop a long-term strategy to get where you want to be.