Job-based health insurance is still far and away the largest single source of health care coverage in the U.S. As we continue to work on behalf of clients to drive new and better ways to stem the tide of health care costs, here are some key stats from 2017 to ponder:
1.) Average annual premium nationally for single coverage — .$6,690 (or $557 per month)
2.) Average annual premium nationally for family coverage — .$18,764 (or $1,564 per month)
3.) Generally speaking, most employers cover at least 50% of the employee’s cost of premium. Nationally, employers cover on average 81% of the cost of single (employee only) premium.
4.) Not all employers contribute to family coverage. Employers that do contribute to family coverage, cover on average 69% of the cost to cover dependents.
Source: Kaiser Family Foundation