On average, single Americans with coverage through their employers had deductibles of $1,350 in 2018. That’s compared to $533 in 2009, according to researchers from the Kaiser Family Foundation. They used claims data from IBM’s MarketScan Research Database to arrive at the estimates.
The researchers also said this year’s “Deductible Relief Day” — or the day when a person satisfies their annual deductible — was May 19. A decade ago, that day was March 18. As deductibles increase and people spend more out of pocket to reach their deductible, the day has fallen later in the year.
The prevalence of rising deductibles, paired with increases in healthcare costs, has caused out-of-pocket spending to climb, according to the researchers. On average, Americans with employer coverage spent $792 out of pocket in 2017, compared to $493 in 2007.
More articles on payers:
Judge steps down from UnitedHealth case over ‘immoral’ denial of cancer treatment
House Democrats unveil Medicare expansion plan: 8 things to know
Humana posts $566M profit in Q1
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit