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Employer-sponsored health plans have many moving parts that can affect workers' wallets. Workers pay $1,401 in total premiums in 2023, up 18% from 2018, according to KFF, a nonprofit health-care data provider. (This cost is for employer-sponsored health plans and assumes consumers receive in-network care.) That has led employers to make their health plans more competitive to attract and retain staff. One in four employers report being highly concerned about the affordability of cost-sharing within their health plans, according to KFF.
Persons: it's, Carolyn McClanahan, Matthew Perry's, Matthew Rae, Rae, KFF, That's, It's, that's, McClanahan, doesn't Organizations: Planning Partners, Finance, Security, Workers, Digitalvision Locations: Jacksonville , Florida
New York CNN —Workers and their employers are paying a lot more for job-based health insurance this year. The annual cost of family health insurance coverage at work soared to an average of nearly $24,000 this year, according to KFF’s Employer Health Benefits Survey, released Wednesday. The tight job market has prompted companies to avoid watering down their health insurance coverage since it can be a recruiting and retention tool. Nearly a quarter of companies said they will increase employees’ premium contributions in the next two years, KFF found. Some 7% of large employers -— and 19% of companies with at least 5,000 workers — provide or plan to provide such reimbursement.
Persons: There’s, , Matthew Rae, Deductibles, KFF, Rae, Still, Bindery, Steve Van Loon, Van Loon, Organizations: New, New York CNN — Workers, Survey, Employees, Workers, “ Employers, KDC Locations: New York, Tempe , Arizona
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