Family-coverage health premiums up 5.4% this year — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
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Family-coverage health premiums up 5.4% this year

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in Compensation and Benefits,Human Resources

Employer-provided health insurance for a family of four now costs $23,215, according to a new report by the actuarial firm Milliman. Bad news: That’s twice as much as the yearly tab in 2004.

Good news: The 5.4% growth rate between 2013 and 2014 was the lowest since 2002.

Milliman’s report found that employers now pay about 60% of family-coverage premium costs—$13,520 per year. Employees pay the rest: $5,908 for their share of premiums and $3,787 for out-of-pocket costs.

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