M3 Insurance has released the 2020 Health Care Trend Report. This annual publication highlights costs and plan designs for employer-sponsored health insurance throughout the State of Wisconsin. The report contains data collected from M3 clients across the spectrum of employer sizes, regional markets, and sectors.
This year’s report provides employers with information and data they need to benchmark and compare their health insurance offerings to those of their professional peers. In addition, the report includes regional trends and insights on how employers are structuring their plans in the current market.
According to data from the past year, health insurance costs experienced a 4.8% growth rate. This is the third lowest rate of change in health insurance costs since the inception of the annual report in 2004.
If you’d like to have a discussion on specific report findings in relation to your health insurance costs, contact your M3 Account Executive.
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