The cost of health care this year is projected to be $28,256 for a family of four and $6,516 for an average individual.

Health care costs for a family of four decreased last year for the first time in the 16-year history of the Milliman Medical Index. However, costs are expected to rebound in 2021 as the pandemic eases.

The index measures health care costs for individuals and families receiving coverage from an employer-sponsored preferred provider plan. Based on restated claims data, health care costs for a hypothetical family of four in 2020 were $26,078, compared to $27,233 in 2019, a decrease of more than 4%.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

BenefitsPRO

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 © 2023 ALM Global, LLC. All Rights Reserved.