Small employers are faring better than average when it comes to containing costs within their health insurance plans, but are also asking employees to shoulder more of the expenses, according to a new United Benefit Advisors’ report, “Small Businesses Keeping Pace with Nationwide Health Trends.
Based on the most recent UBA Health Plan Survey, the report finds employees across all plan types pay an average of $3,378 toward annual health insurance benefits, with their employer picking up the rest of the total cost of $9,727, according to the survey. Among employers with less than 100 workers, employees pay $3,557, with their employer picking up the balance of $9,474 — only a 5.3 percent difference compared with the overall numbers.
However, small businesses are passing nearly 6.6 percent more of the costs for single coverage and nearly 10 percent more of the costs of family coverage on to employees. And that number increases to 17.8 percent more and over 50 percent more, respectively, when small employers are compared to their largest counterparts.
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