It’s been in the news frequently enough that most of us are at least vaguely aware that healthcare costs have been rising over the last several years. Anyone paying for health insurance is certainly more than vaguely aware of this. While employees are seeing higher deductibles and more expensive premiums, the impact on businesses is not negligible by any means.
Annual Premiums Rising
According to a 2018 report by the Kaiser Family Foundation, annual premiums for employer-sponsored family health coverage reached $19,616 this year, up 5% from last year, with workers on average paying $5,547 toward the cost of their coverage.
