December 9, 2014

WHICH IS HOW YOU DRIVE DOWN COSTS:

Cost of Job-Based Health Insurance Outpaces Family Income: Report (Karen Pallarito, Dec. 9, 2014, HealthDay News)

Americans who get job-based health insurance are spending a bigger chunk of their paychecks on health care than they were a decade ago, and they may be getting less financial protection for the money, a new report suggests. [...]

Employers also shifted more of the cost of coverage to their workers.

Employees' share of health plan premiums rose from $606 in 2003 to $1,170 for single coverage in 2013 -- a 93 percent increase, the study found.

At the same time, deductibles for single and family coverage more than doubled. And the percentage of workers in health plans that require deductibles swelled to 81 percent in 2013, from 52 percent in 2003.

Of course, unless they are in an HSA, the insurance money is wasted.

Posted by at December 9, 2014 3:33 PM
  

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