Health insurance premiums rise to $24,000 a year
Employee Benefit News
OCTOBER 18, 2023
The average employer-sponsored health insurance premium for US families rose 7% to almost $24,000 this year.
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Employee Benefit News
OCTOBER 18, 2023
The average employer-sponsored health insurance premium for US families rose 7% to almost $24,000 this year.
Take It Personel-ly
AUGUST 13, 2020
You can never control when you or your family gets injured or sick; however, with health insurance, you can control the health services that you get.
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American companies have alleged in a series of lawsuits that the country's biggest health insurers are squandering their money.
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Healthcare benefit costs will increase by 5.8% per employee, but that doesn't mean companies are powerless to do better by their workers.
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Emma Fox, managing partner at E Powered Benefits, is creating a healthcare plan that doesn't depend on insurance carriers.
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Health Insurance Associate (HIA) The Health Insurance Associate (HIA) certification is offered by America’s Health Insurance Plans (AHIP). It focuses on the fundamentals of health insurance, making it highly relevant for benefits professionals responsible for health and wellness programs.
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Bipartisan support is building for allowing working Americans to purchase an individual health policy with pretax dollars without requiring an employer's permission.
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Innovative plan strategies can have a wide-range, positive effect on a diverse workforce.
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These younger generations have brought many unique and diverse perspectives to how we live and work, and the healthcare market and employers must keep up to meet their expectations. According to our 2024 Employee Benefits Survey , 92% of employees say health benefits are important.
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Rather than putting employees into cookie-cutter programs to control costs, they would be better served with an ICHRA.
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Employees Face a Healthcare Crisis. Employees are experiencing a healthcare crisis due to financial concerns. American families are in the midst of a healthcare crisis and employer-sponsored health insurance can’t keep up. Having health insurance does not guarantee access to healthcare or the ability to afford it.
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Healthcare in the United States can be very expensive. Without insurance, Healthcare.gov estimates an accident leading to a broken leg can cost up to $7,500 to fix, and an average three-day hospital stay can reach up to $30,000. Census Bureau says roughly 91% of all Americans are now covered by some form of health insurance.
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The advancing technology has brought about positive changes in the healthcare industry. It’s now easier for patients to access cutting-edge services, which in return have boosted the overall effectiveness of health services. This includes providing the best medical insurance for patients to fully benefit from various health centers.
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What if we told you that the creation of health insurance was actually an accident? Or that the way we think about health insurance is changing? Here, we’ll cover the history of health insurance in the U.S.,
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The traditional healthcare benefit options for employers remain group health insurance. That’s why these business owners are turning to more cost-effective personalized benefits like the qualified small employer health reimbursement arrangement (QSEHRA). But, group policies are difficult for small employers to offer.
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More and more employers today are adopting reimbursement models for their employees’ healthcare, empowering employees to choose their own individual health insurance plan and get reimbursed, tax-free, for their premium. Download our guide to see how much healthcare costs in your state.
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For small employers , in particular, it's hard to find affordable health insurance. According to KFF 1 , in 2023, the average annual cost of employer-sponsored health insurance premiums per employee was $23,968 for family coverage and $8,435 for single coverage.
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population gets their health insurance through their employer. That means half of the country doesn’t get to make any real consumer decisions about their health coverage, its cost, or what network they’re in. Watch our webinar to see how an HRA empowers employees to make their own healthcare decisions.
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That’s the case for any employee benefit, from time off to healthcare to flexible work arrangements to workers’ comp insurance. Naturally, most businesses can’t afford the king suite of benefits—unlimited PTO, free insurance, etc. Health insurance. Free healthcare coverage. Retirement savings account.
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Managing employee healthcare costs in 2021. What the average health insurance premium costs and changes employers are making to health benefits offerings in the new year. Indeed, many plan to add new resources to better support healthcare needs in light of COVID-19. Managing Employee Healthcare Costs in 2021.
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Many people assume that individual health insurance is more expensive than group health insurance. Note: Individual health insurance is purchased by an individual for themselves or their family, and group health insurance is purchased by an employer for employees.
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