Premium costs remain high for insurance employers, according to The 2011 Compensation Data Insurance survey released Tuesday.
Roughly 70 percent of insurance employers pay more than $7,200 for an employee plus spouse plan. Sixty-two percent of survey respondents report paying more than $7,200 in premium costs for an employee plus children plan. Employee only plans cost employers between $2,400 and $7,200 per year.
"The rising cost of insurance premiums is something that continues to be an issue for employers," said Amy Kaminski, director of marketing for Compdata Surveys. "To counteract these rising costs, organizations have to look in different directions in order to continue providing quality coverage for their employees."
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