Average Cost Of Employer-Backed Family Health Plans Increased 3% In 2017, Same Rate As In

October 30 2017
The Wall Street Journal (9/19, Mathews, Subscription Publication) reports the average cost of an employer-provided family health insurance plan increased by 3% from $18,142 in 2016 to $18,764 in 2017, which was the same rate of increase as from 2015 to 2016, according to a poll conducted by the Kaiser Family Foundation and the Health Research & Educational Trust. The article reports that such premiums have increased gradually over the past several years. The New York Times (9/19, Abelson, Subscription Publication) reports this “is the sixth straight year that employer-provided policies have increased by well under 5 percent, according to the survey.” In contrast, “the average cost of a benchmark plan” sold on an ACA exchange increased 20% this year, according to the same poll. Kaiser Health News (9/19, Galewitz) reports the poll also found that employees are increasingly paying a larger portion of premiums, on average about a third of the total cost. The poll also found that employees’ deductibles “remained stable this year at $1,221.”

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