With premiums escalating for every family member added to a health plan, even employees with health coverage through their employer often can't afford to cover their dependents.
Because of rising health care expenses, many employers elect to offer their employee populations high deductible health plans (HDHPs), which provide unattractive benefits because of the expenses involved. According to Kaiser Family Foundation, the average premium for family coverage has increased 22% over the last five years and 54% over the previous 10 years. These premiums have significantly outpaced the growth of workers' wages and inflation during that same period.
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