Cost of family health coverage up 4 percent this year

The cost of health insurance through employers continued to rise this year — 3 percent for single employee coverage and 4 percent for those on family coverage — according to the a new report by the Kaiser Family Foundation and Health Research & Educational Trust.

Employers were surveyed January through May for this year's annual Employer Health Benefits survey.

The average annual premium for single coverage was $5,615 and the average for family coverage was $15,745.

On average, workers contributed $4,316 toward the average family premium, with employers picking up the rest. But the employee contribution has grown 102 percent since 2002, according to the survey.

The growth in health premiums has been outpacing what workers are earning and inflation, the organizations say. In fact, family coverage now costs 97 percent more than it did in 2002.

The survey also noted:
— Workers at lower-wage firms pay $1,000 more a year for family coverage and are more likely to face high deductibles than workers at high-wage firms.

— About 2.9 million young adult children who weren’t eligible for coverage before the Affordable Care Act went into effect are now covered under their parents health plans. They can remain covered up until age 26.

Information about adding adult children to employer health plans:

http://www.healthcare.gov/law/features/choices/young-adult-coverage/inde...

The Employer Health Benefits Survey: http://ehbs.kff.org/

 

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