The Kaiser Family Foundation has new confirmation for something benefits brokers and HR managers already know: the cost of employer-sponsored health coverage continues to rise at a faster rate than wage increases and inflation.
Result? Families pay more for employer-sponsored coverage, and generally receive fewer benefits through that coverage.
Annual premiums for employer-sponsored family coverage climbed nearly 4 percent this year to top $16,000 for the first time. The cost of single coverage rose almost 5 percent. Worker wages, meanwhile, climbed nearly 2 percent on average.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
