Financial Banking Benefits Benchmarks
Real plan data from verified employers in your industry
Financial Banking Employee Benefits Overview
Medical plan benchmarks from verified employer data
Medical benefits typically represent the largest share of employer benefit spending and are a key factor in employee recruitment and retention.
Our database includes 202 financial banking employers offering 542 verified benefit plans. HDHP plans are the most common (39% of employers), followed by PPO (35%). Fully-Insured funding is the predominant model, used by 64% of industry employers. Most employers offer three or more plan options to employees (54%).
Medical plan benchmarks include deductibles, copays, coinsurance, out-of-pocket maximums, and employer contribution rates.
Plan Type Mix
LIVEPlan Funding
LIVEPlans Offered
LIVE| In-Network Benefits | LimitedBalancedRobust | Your Plan |
|---|---|---|
| Individual Deductible | $536 $1,435 $2,600 | $1,43552Bal |
| Family Deductible | $1,208 $3,962 $5,103 | $3,96252Bal |
| Individual OOP Max | $3,173 $4,957 $6,693 | $4,95752Bal |
| Family OOP Max | $7,062 $9,472 $12,771 | $9,47252Bal |
| Coinsurance | 14% 19% 26% | 19%52Bal |
| Primary Care | $25 $39 $47 | $3952Bal |
| Specialist | $41 $53 $72 | $5352Bal |
| Emergency Room | $207 $324 $463 | $32452Bal |
| Urgent Care | $54 $79 $91 | $7952Bal |
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This plan aligns well with common market practices. Benefits and costs are competitive, providing reliable value that meets typical employer offerings in your segment.
Deductibles and copays rank above market median, offering strong value to employees.
Contribution levels are competitive with peer employers in your industry.
Gross premiums align with market expectations for comparable coverage.
% of employers
% of employers
Features in top 25% of peers
Features in bottom 25% of peers
Family Premium ranks in the 18th percentile. Adjusting employer contribution strategy could improve retention without significant cost increases.
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Financial Banking Benefits Landscape
Industry trends and benchmarking considerations
Banking and financial institutions traditionally offer comprehensive benefits as part of total compensation strategy. Our benchmarking data shows large banks predominantly self-fund their health plans, with sophisticated plan designs that balance cost management with competitive offerings. Multiple plan options are standard, typically including both traditional PPO and HDHP/HSA options.
Key Trends
Tiered Plan Structures
Banks commonly offer tiered benefit structures in our data, with different plan options at various price points to give employees choice.
Strong Life & Disability
Financial services employers typically benchmark above average for life insurance and disability benefits, reflecting the industry's risk-aware culture.
Size-Based Variation
Community banks and credit unions in our database often show different patterns than large national banks—typically more fully-insured with fewer plan options.
Benchmarking Considerations
Banking benefits vary significantly by institution size. Large banks show different patterns than community banks or credit unions. Consider your peer group carefully when benchmarking.
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