Archived Insight | January 10, 2022

COVID-19’s Effect on 2020 Health Plan Cost Trends

COVID-19 has caused unexpected disruption in our healthcare system. During the pandemic, many people elected to seek fewer healthcare services. As a result, some medical plan and dental plan cost trends decreased, according to the 2022 Segal Health Plan Cost Trend Survey.

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This infographic illustrates just a few key findings from the 2022 Segal Health Plan Cost Trend Survey of nearly 80 managed care organizations, health insurers, pharmacy benefit managers and third-party administrators, which, collectively, represent 80 percent of the commercially insured and self-insured market.

Learn more about 2020 actual trends, the respondents’ 2022 trend projections and top cost-management strategies plan sponsors are using in 2021.

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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.