It costs employers on average cost 7.6% of the annual operating budget for healthcare, which translates into an average of $8,669 per covered employee, according to newHealth Care Benchmarking Report from the Society for Human Resource Management.
In just one year, that also means the average cost per covered employee has increased by nearly $500.
SHRM’s survey also found that 52% of organizations now offer Health Savings Accounts (HSAs) and 77% offer Health Reimbursement Accounts (HRA) – a serious leap from the previous fiscal year, where 49% reported offering an HSA and 23% offered an HRA.