Healthcare Costs for Family of Four Exceed $20K for First Time

The total healthcare costs for a family of four covered by a preferred provider plan reached averaged $20,728 in 2012, up 6.9 percent compared to 2011, according to the annual Milliman Medical Index.

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While the rate of increase is not as high as in the past, 2012 marks the first year costs for a family of four exceeded $20,000.

Of these total healthcare costs, payroll deductions accounted for $5,114, while employees’ share totaled $8,584. Of employees’ share, $3,470 was spent on out-of-pocket expenses.

Cost of care did vary regionally with Miami topping the list as the most expensive with average healthcare costs for a family of four totaling $24,965. The least expensive was Phoenix, at $18,365.

To view the full report, click here.

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