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‘Modest’ premium hikes for health benefits

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in Compensation and Benefits,Human Resources

Annual family premiums for employer-sponsored health insurance rose an average of 3% to $18,764 this year, continuing a six-year run of relatively modest increases, according to the Kaiser Family Foundation/Health Research & Educational Trust 2017 Employer Health Benefits Survey.

This year’s premium increase is sim­­ilar to the rise in workers’ wages (2.3%) and inflation (2%) over the same period and continues what the Kaiser Family Foundation calls a “remarkable slowdown.” Since 2012, average family premiums have increased 19%, significantly more slowly than in the previous 10 years.

At the same time, workers’ average contribution to family premiums has increased more rapidly than the employer’s share since 2012 (32% vs. 14%). Workers on average now contribute $5,714 annually toward their family premiums, and those at firms with fewer than 200 workers contribute more—$6,814 on average.

Most Americans—151 million, or 55.7% of the population—receive health insurance through an employer-sponsored plan, according to the US. Census Bureau.

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