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Rate of Increase Expected to Fall for Health Plan Costs

Survey shows health insurance companies expect plan costs to rise less quickly this year than last year.

By Treasury & Risk Staff | Updated on February 06, 2014

Segal Consulting has released the results of a survey of health insurance companies. Conducted last year, the survey was designed to gauge insurers’ expectations for health plan costs in 2014. It found that they’re anticipating a reduction in the rate of increase for costs across all types of medical insurance plans.

The survey report provides a series of trend projections, which it derived by proportionally blending medical trends and prescription drug trends. (See Figure 1, below.) For health maintenance organizations (HMOs), non-Rx costs are expected to increase by 7.2 percent in 2014, vs. 8.2 percent in 2013. Fee-for-service (FFS)/indemnity plans are expected to increase more, but still less than last year: 10.4 percent without Rx, vs. 10.8 percent in 2013.

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