Oct 09 2018
Annual Deductibles Are Rising Faster Than Wages
New survey data shows that annual premiums for employer-sponsored health insurance rose 5 percent to $19,616 for family plans and 3 percent to $6,896 for single coverage in 2018, continuing the upward trend. The average covered worker is responsible for about 29 percent of the premium for family coverage and 18 percent of the premium for single coverage. And to add on to those costs, a growing share of covered workers face a general annual deductible. Since 2008, general annual deductibles for covered workers have increased more than eight times as fast as wages. This puts a strain on American families’ pocketbooks, as workers have to cover more and more of their health care bills out of pocket.