While the increase in premiums over the past year is well below the double-digit growth that was once common, it outpaced wage growth (3.4%) and inflation (2%) over roughly the same period, making health insurance costs a strain for many families, Kaiser found.

Adding to the cost are higher deductibles — what workers must pay for their medical care before their insurance covers it. The average single deductible is now $1,655, double what it was a decade ago, Kaiser found.

One bright spot, according to a survey by the National Business Group on Health: More large employers say they are expanding their health plan offerings beyond high-deductible plans. Just a quarter of employers surveyed said they would offer only high-deductible plans next year, down from 39% in 2018, partly because of worker demand.

Employers said they typically added a “preferred provider” plan, or PPO, which allows workers to seek care from doctors in a network for a lower fee. Such plans often have higher premiums but lower deductibles.

Adding to the cost are higher deductibles — what workers must pay for their medical care before their insurance covers it. The average single deductible is now $1,655, double what it was a decade ago, Kaiser found.

One bright spot, according to a survey by the National Business Group on Health: More large employers say they are expanding their health plan offerings beyond high-deductible plans. Just a quarter of employers surveyed said they would offer only high-deductible plans next year, down from 39% in 2018, partly because of worker demand.

Employers said they typically added a “preferred provider” plan, or PPO, which allows workers to seek care from doctors in a network for a lower fee. Such plans often have higher premiums but lower deductibles.

Contect us: You Med

Leave a Comment

Your email address will not be published. Required fields are marked *