Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Wallet, cash and stethoscopeThis year, 83% of covered workers have a deductible in their plan, similar to last year and up from 70% a decade ago.

Annual family premiums for employer-sponsored health insurance increased 4% this year. The average premium is $21,342, of which employees contribute $5,588, according to the “2020 Employer Benefits Survey” released by KFF on Thursday.

This increase is similar to the annual rise in earnings and inflation. However, plan details such as premiums and deductibles largely reflect decisions made by employers before they felt the full impact of the COVID-19 pandemic and economic crisis. Average family premiums have risen by 55% over the past decade, at least twice as fast as wages and inflation.



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.