Annual premiums for employer-sponsored family health coverage reached $15,745 this year, up 4% from last year, with workers on average paying $4,316 toward the cost of their coverage, according to the nonprofit Kaiser Family Foundation’s 2012 Employer Health Benefits Survey.
This year’s premium increase is moderate by historical standards, but outpaced the growth in workers’ wages (1.7%) and general inflation (2.3%). Since 2002, premiums have increased 97%, three times faster than wages (33%) and inflation (28%).
“In terms of employee insurance costs, this year’s 4% increase qualifies as a good year, but it still takes a growing bite out of middle-class workers’ wages, which have been flat or falling in real terms,” said Kaiser President and CEO Drew Altman.
A recent HR Specialist online poll found that our readers expect premiums to rise faster next year. Almost three-quarters of respondents said they thought premiums would...(register to read more)