Home Healthcare Report: Annual Household Premiums for Employer Protection Improve 7%

Report: Annual Household Premiums for Employer Protection Improve 7%

Report: Annual Household Premiums for Employer Protection Improve 7%


Annual household premiums for employer-sponsored protection rose 7% on common to $23,968 in 2023, a brand new KFF survey reveals. This comes after almost no premium improve final 12 months.

Of that household premium whole, employees are contributing $6,575 yearly (a $500 improve from final 12 months), whereas employers are overlaying the remaining. And additional will increase are anticipated to return, with 23% of employers saying they may improve staff’ contributions within the subsequent couple of years.

The KFF Employer Well being Advantages Survey included responses from greater than 2,100 small and huge employers. It was fielded between January and July of 2023. The report comes at a time when about 153 million Individuals depend on employer-sponsored insurance coverage.

Staff of companies with fewer than 200 employees contribute considerably extra towards household premiums than these at bigger companies: $8,334 versus $5,889 on common, based on KFF. A couple of quarter of staff at small companies pay not less than $12,000 in annual premiums for household protection.

“Rising employer well being care premiums have resumed their nasty methods, a reminder that whereas the nation has made nice progress increasing protection, individuals proceed to wrestle with medical payments, and total the nation has no technique on well being prices,” mentioned Drew Altman, KFF president and CEO, in a information launch.

Further findings from the report embrace:

  • Following the reversal of Roe v. Wade, a number of states are prohibiting and limiting entry to abortion. About 10% of huge employers are usually not overlaying authorized abortions “below any circumstances,” based on KFF. One other 18% are overlaying authorized abortions below restricted circumstances, reminiscent of instances of rape, incest or life endangerment.
  • About 32% of huge employers mentioned they’re overlaying abortions in most or all circumstances, whereas 40% are not sure of the well being plan’s protection of abortion.
  • Whereas some states are limiting entry to abortion, 7% of huge employers are offering or plan to supply monetary help to journey for a authorized abortion. Employers with not less than 5,000 employees are more than likely to do that.
  • Whereas 88% of huge employers offering well being advantages to not less than some employees mentioned they’ve sufficient main care docs of their community, solely 59% mentioned this about psychological well being networks and 58% mentioned this about substance use dysfunction networks.
  • About 18% of huge employers mentioned they took motion within the final 12 months to enhance their psychological well being community. Nevertheless, one other 21% mentioned their well being plan has limits on the variety of coated psychological well being providers.

Photograph: lerbank, Getty Pictures



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