Archived Insight | September 10, 2015

2016 Health Plan Cost Trend Survey

Among the key survey findings: Trend rates for prescription drug coverage are projected to increase substantially to double-digit rates: 11.3 percent for prescription drug carve-out coverage for actives and retirees under age 65 (up from 8.6 percent projected for 2015) and 10.9 percent for retirees age 65 and older (up from 7.5 percent projected for 2015).

The projected specialty drug/biotech drug trend rate for 2016, is projected to be 18.9 percent, and is expected to be a leading driver of plan cost increases for many of our clients.

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This page is for informational purposes only and does not constitute legal, tax or investment advice. You are encouraged to discuss the issues raised here with your legal, tax and other advisors before determining how the issues apply to your specific situations.