Premiums for Employer-Sponsored Health Coverage Continue to Increase

According to a recent analysis by The University of Minnesota’s State Health Access Data Assistance Center, employees with employer-sponsored health coverage are paying more in premiums, co-payments, and deductibles than in years’ past. Between 2016 and 2017, the average annual premium rose 4.4 percent, from $267 to $6,368, nearly doubling the increase recorded between 2015 and 2016 at 2.3 percent.

The analysis uses data from the Medical Expenditure Panel Survey to “highlight the experiences of private sector workers with employer-sponsored insurance from 2013 through 2017 at the national level and within the states.” It is noted in the analysis that the financial protection offered by employer-sponsored insurance has steadily declined due to higher deductibles and premiums.

To view the full analysis, click here.

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