Premiums for Employer Health Plans Rose 4% on Average This Year: Report

Annual premiums for family coverage in employer-provided health insurance plans rose by 4% on average this year to more than $22,000, according to a survey released Wednesday by the Kaiser Family Foundation. Workers paid nearly $6,000 of that tab on average, with employers covering the rest. Premiums for individual plans averaged more than $7,700.

The premium increase roughly matches the annual increase in workers’ wages, 5%, and is about twice the rate of inflation for the year, 1.9%. Since 2011 premiums have risen 47%, far greater than wages (31%) or inflation (19%), the report says.

The average deductible for individual workers who have one was nearly $1,700 this year, up about $1,000 since 2021. More workers now have deductibles, too: 85%, up from 74% a decade ago. Across all insured workers, including those without deductibles, the average deductible has risen 92% over the past decade.

About 155 million Americans rely on employer-sponsored coverage.