The cost of health insurance offered to workers through their employers is increasingly unaffordable, according to an annual report from the Kaiser Family Foundation.
The report, which included more than 2,000 interviews with nonfederal public and private firms, found annual premiums for employer-based family health insurance grew to $20,576 this year, surpassing $20,000 for the first time. Year over year, the cost of employer-sponsored family coverage is up 5 percent. On average, workers are paying $6,015 toward the cost of their coverage.
The average premium for family coverage has grown 22 percent over the past five years, according to KFF. Over the past decade, premiums have grown 54 percent. This growth has significantly outpaced growth in workers' wages or inflation.
To view the full report, click here.
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