Employer Health Coverage for Family Tops $17,000

via Wall Street Journal

Medical forms sit outside an exam room at a  health center in Silver Spring, Md. The average annual cost of an employer family plan rose 4% to 17,545 this year, according to a major survey.

The average cost of employer health coverage passed $17,000 for a family plan this year, despite continued muted growth on a percentage basis, according to a major survey.

The average annual cost of an employer family plan rose 4%, to $17,545, from $16,834 last year, according to the annual poll of employers performed by the nonprofit Kaiser Family Foundation along with the Health Research & Educational Trust, a nonprofit affiliated with the American Hospital Association. The share of the 2015 family-plan premium borne by employees was 29% of the total, the same percentage as last year.

For an individual worker, the average annual cost of employer coverage was $6,251 in this year’s survey, also up 4% over last year. The employee contribution was 18%.

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Eric is a Producer at Lockton Insurance Brokers, Inc., the world’s largest privately held commercial broker. Eric has over 23 years of experience in the insurance industry and has spent the last 11 years with Lockton. Eric specializes in Health & Welfare Benefits, Retirement Planning, and Executive Benefits. Eric's clients utilize his expertise in the areas of Plan Due Diligence, Transaction Structure, Fiduciary Oversight, Investment Design, Compliance and Vendor negotiation to improve the operational & financial outcome for each client. The Benefit Blog is a place to share that expertise and industry news.
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