The Silicon Valley Employee Benefits Index (SVEBI) Announces Release of its 2012 Report

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Silicon Valley Employee Benefits Index

Mar 26, 2012, 01:26 ET

SAN FRANCISCO, March 26, 2012 /PRNewswire/ -- The Silicon Valley Employee Benefits Index (SVEBI), a resource for market-based competitive information on the employee benefits offered within the Silicon Valley and Greater San Francisco Bay Area, announces the release of its 2012 data. The 65-page SVEBI Report, based on Employee Benefit information as of January 1, 2012, was made available today.

Unique to the Greater San Francisco Bay Area, the SVEBI Report provides the most comprehensive and current research data on employee benefit plans for employers.  The benchmark data is local and relevant, which in this competitive Bay Area employee market is much more practical to employers than other national data.

Based on data from nearly 400 Bay Area employer groups, the following key data points are revealed in the 2012 Report: 

  • PPO premiums increased at an average rate approaching 9.5 percent.
  • Employee contributions increased while dependent contributions moderated.
  • Average PPO (non-HSA) medical plan deductibles increased from $566 in 2011 per individual to $606 in 2012.

The 2012 Report also includes key data points on monthly premiums, employee contributions and benefit detail within PPO, Kaiser, HMO, HDHP (HSA), dental, life, vision, and other employee benefit plans.

The new 2012 SVEBI Report can be ordered today at: www.svebi.com, and will begin shipping this week.
Single edition copy is $199.00, and volume discounts are available.

About The Silicon Valley Employee Benefits Index
The Silicon Valley Employee Benefits Index (SVEBI) is released annually. It identifies key employee benefit objectives for all employers including benefits communication, administration, and compliance issues. The SVEBI benchmarking data helps company executives and HR professionals to evaluate benefits offerings against their competition and across other industries.

Each year SVEBI releases the Silicon Valley Employee Benefits Index Benchmarking Report, presenting key data for decision makers and HR professionals in the Silicon Valley/Greater San Francisco Bay Area.

For more information, contact the SVEBI Team at 800-764-1835, email: [email protected], or go to: www.svebi.com.

SOURCE Silicon Valley Employee Benefits Index