Cost of Employer-Provided Healthcare Passes $20K Per Year

Oct 1, 2019 - 6:14
Cost of Employer-Provided Healthcare Passes $20K Per Year

The average cost of employer-provided health insurance has surpassed $20,000 for a family plan, a new survey by the nonprofit Kaiser Family Foundation (KFF) revealed. The KFF Employer Health Benefits Survey was released on September 25. In 2019, annual premiums increased five percent to $20,576 for an employer-provided family plan, the yearly analysis reported. The report noted that workers’ wages increased 3.4 percent and inflation rose 2 percent over the same time period.  Employers pay, on average, approximately 71 percent of employer-provided plans, while...

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