Renewal Toolkit
A few details help us identify the most relevant benchmark for your organization.
GUIDING BETTER BENEFIT DECISIONS
mpowrassurance.com
YOUR MARKET SNAPSHOT
NAICS —
Generated —
Your Annual Cost Per Enrolled Employee
2024 MEPS Benchmark: —
Your Cost Position
—
Enter your annual medical plan cost to see where your cost per enrolled employee falls relative to the benchmark.
Single Coverage
Employee + One
Family Coverage
Average annual medical premiums among employers in the applicable 2024 MEPS size category.
Single
Employee + One
Family
Enrollment patterns can help employers understand how workforce demographics and contribution strategies influence total plan cost.
Single Coverage
Employee: —
Employer: —
Average employee cost: — / year
Employee + One
Employee: —
Employer: —
Average employee cost: — / year
Family
Employee: —
Employer: —
Average employee cost: — / year
Average share of the premium paid by employees and employers in the applicable 2024 MEPS size category. These are typical benchmark levels, not recommended contribution levels.
Eligible Employees Enrolled
All Employees Enrolled
These measures provide context for how actively employees participate in employer-sponsored medical coverage.
Average Individual Deductible
Average Family Deductible
HDHP Enrollment
Average Individual Out-of-Pocket Maximum
Average Family Out-of-Pocket Maximum
These benchmarks show common plan design characteristics for employers in the applicable size category.
Self-Insured Enrollment
HDHP Enrollment
Employer HSA/HRA Contribution Among Single HDHP Enrollment
Employer HSA/HRA Contribution Among Family HDHP Enrollment
Averages for employers in the applicable 2024 MEPS size category, provided as directional context.
Some MEPS estimates for smaller employer-size categories are less statistically precise than others.
in your industry and employer-size group
—
25th Percentile
Median
75th Percentile
Average
Reported annual medical cost per participant from available Form 5500 filings.
We found a strong group of employers matching your industry and size profile, but there are not yet enough reliable medical cost observations in this cohort to publish an industry-specific cost range.
Your broader benefit benchmarks above are based on 2024 MEPS employer health insurance data.
Your industry peer group is currently too small to publish a reliable comparison.
We have still provided the broader employer-size benchmarks above.
Industry-specific peer comparisons are currently available for North Carolina employers.
Your Market Snapshot above still uses national 2024 MEPS employer health insurance benchmarks.
Benchmarking does not tell you whether a plan is “good” or “bad.” It helps show where your plan differs from the market and where additional questions may be worth asking.
COST
Are you spending materially more or less than employers of a similar size?
CONTRIBUTION
Are employees carrying more or less of the premium than is typical?
PLAN DESIGN
Are deductibles, out-of-pocket limits and plan structure consistent with the broader market?
GO DEEPER
Your Market Snapshot provides the headline numbers. Your Benefit Market Review takes a closer look at how your organization compares across cost, contribution strategy, plan design, enrollment and industry peers.
Deeper peer benchmarking
Industry and employer-size comparisons
Cost positioning and quartile analysis where available
Contribution strategy comparison
Plan design comparison
Areas that stand out from the market
Questions Worth Asking Your Broker
Three Things Worth Reviewing
This Market Snapshot uses 2024 employer health insurance data from the Medical Expenditure Panel Survey (MEPS). MEPS benchmarks are based on employer-size reporting categories and include average medical premiums, employee contributions, enrollment patterns and plan design measures.
Where MEPS employer-size categories do not align exactly with the employer-size ranges used by this tool, the closest available reporting category is used. Industry peer counts for North Carolina are derived from available Form 5500 filing data and are shown only when the peer population is large enough to provide a meaningful comparison. Industry-specific medical cost statistics are shown only when at least 15 usable medical-premium observations are available.
No individual employer information is displayed in the Market Snapshot.
Benchmark information is intended for educational and planning purposes and does not represent actuarial advice, carrier pricing, underwriting results or guaranteed savings.
Source: 2024 Medical Expenditure Panel Survey (MEPS), employer health insurance data.
From numbers to strategy
Your strategy determines what you do with it.
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