Raising Women’s Voices

PREMIUMS GROW AS COVERAGE SHRINKS

Posted in Uncategorized by raisingwomensvoices on October 9, 2008

New Survey of Employer Health Benefits

Annual premiums for families with employer-sponsored health coverage rose 5% this year to $12,680, but coverage is becoming less comprehensive, according to the annual employer health benefits survey by the Kaiser Family Foundation and Health Research & Educational Trust.
Although premium increases were comparable to last year, they have doubled since 1999, still outpacing wages and general inflation, which rose 34% and 29%, respectively, according to the survey. Some 18% of covered workers are in health plans with deductibles of at least $1,000 a year, compared with 12% of workers in 2007. This is partly due to the growth of health savings accounts and other consumer-directed health plans, the foundation said.
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