Employer-based health insurance premiums increased an average of 3 to 4 percent over the previous year,  as costs continue to rise at rates much closer to inflation and employees’ salary increases than the early 2000s.

According to the Kaiser Family Foundation (KFF)/Health Research & Educational Trust 2017 Employer Health Benefits Survey, premiums for family coverage averaged $18,764 in 2017 and single coverage was $6,690.

“It’s important to remember that the overwhelming majority of Americans of working age get their health insurance from their employer,” said Mary Beaumont, NJBIA’s vice president for Health and Legal Affairs. “Employers in New Jersey continue to tell us that the cost of providing health benefits to their employees continues to be the biggest challenge they face.

“The key to making health insurance more accessible continues to be making health insurance more affordable, particularly for small businesses,” Beaumont said.

The cost of health insurance is an especially difficult issue for businesses in New Jersey. The state requires health plans to include coverage for specific healthcare services. New Jersey has 36 such mandates, which add to premium costs and restrict employer choice and flexibility.  In order to contain costs,  businesses purchase HMO plans, plans with little or no  out-of-network benefits, or  high-deductible health plans, Beaumont explained.

“All the plans they purchase are standard plans, with no ability to be more or less comprehensive,” she said. “That’s why self-funding or joining a group under a Multiple Employment Welfare Arrangement (MEWA) is so attractive; there is the potential for flexibility in the types of benefits under a plan.”

The Kaiser survey meanwhile, indicates the rate of increases for the cost of health insurance is moderating. Health insurance premiums rose 55 percent since 2007, but only 19 percent since 2012. While increases are still high, they are much less than the first part of the century, when employer-provided health insurance costs essentially doubled in eight years.

The cost increases also compare favorably with wage increases and inflation. The average single premium increased 4 percent and the average family premium increased 3 percent in 2017, compared to a 2.3 percent increase in workers’ wages and a 2.2 percent increase in inflation over the last year.

9 responses to “Employer-based Health Insurance Premiums Increase 3 to 4 Percent, Survey Says ”

  1. sia online says:

    Hi Steve Wilson ,
    A grate information you have shared on this page about the policy of health insurance based on company employees because this service is helpful in the case of emergency when you have enough money to complete then medical treatment expenses of your patient in this case the insurance company complete all the expenses of your patient by passing the claim of medical treatment but you must read the terms and conditions because some health insurrance companies are not associates with the clinic ,so you must be careful at the time of purchasing health insurance company services .
    Thanks.

  2. onestopbay says:

    Thanks a lot Mike Kaput for sharing such an informative article on AI tools.I am sure that this will be huge help for the SME as these tools will play a major role in the growth of the company.There are many companies which review the tools or the softwares and on this basis helps the sme to select the best tools for them.One such company is toolowl.At toolowl the team identifies key performance indicators for a particular tool from Individual’s as well as Business’ point of view. This brainstorming is then translated into a distilled methodology for review framework. Teams do hands-on, research on the tool/domain and record their inferences in the form of reviews that help you make your choice.To know more about the tools visit: https://goo.gl/MYz8Tg

  3. eye mask says:

    HI Steve Wilson,
    The fireworks and loud bangs during the holiday You can also help emergency responders on the 4th by keeping the intersection of Belmont Ave and Bellevue Pl. E. clear for emergency vehicles. In recent years, the intersection has become a popular spot during 4th Festivities, which is problematic as it’s also a direct link between Lakeview and South Lake Union. Please help police keep the street clear this year.
    Thanks.

  4. facebook says:

    If you’re in the honeymoon period of your relationship (the first 1-2 years of seeing each other), you probably can’t get enough talking, touching, and being with your significant other. Your partner’s hands-on time may be double our projections, assuming 4 nights per week. On the other hand, if you have kids, it may be half that or 1 night per week due to the rugrats’ ability to launch spaghetti (actual pasta) all over your house, leaving you constantly cleaning up after them.

  5. It’s important to remember that the overwhelming majority of Americans of working age get their health insurance from their employer,” said Mary Beaumont, NJBIA’s vice president for Health and Legal Affairs. “Employers in New Jersey continue to tell us that the cost of providing health benefits to their employees continues to be the biggest challenge they face
    Thanks

  6. youtube says:

    The cost of health insurance is an especially difficult issue for businesses in New Jersey. The state requires health plans to include coverage for specific healthcare services. New Jersey has 36 such mandates, which add to premium costs and restrict employer choice and flexibility. In order to contain costs, businesses purchase HMO plans, plans with little or no out-of-network benefits, or high-deductible health plans, Beaumont explained.

  7. ecom elites says:

    The Kaiser survey meanwhile, indicates the rate of increases for the cost of health insurance is moderating. Health insurance premiums rose 55 percent since 2007, but only 19 percent since 2012. While increases are still high, they are much less than the first part of the century, when employer-provided health insurance costs essentially doubled in eight years.

  8. Flight Deals says:

    The Kaiser survey meanwhile, indicates the rate of increases for the cost of health insurance is moderating. Health insurance premiums rose 55 percent since 2007, but only 19 percent since 2012. While increases are still high, they are much less than the first part of the century, when employer-provided health insurance costs essentially doubled in eight years.

  9. The fireworks and loud bangs during the holiday You can also help emergency responders on the 4th by keeping the intersection of Belmont Ave and Bellevue Pl. E. clear for emergency vehicles. In recent years, the intersection has become a popular spot during 4th Festivities, which is problematic as it’s also a direct link between Lakeview and South Lake Union. Please help police keep the street clear this year.