KFF releases annual Employer Health Benefits Survey
Posted on September 11, 2012 | No Comments
Annual premiums for employer-sponsored family health coverage reached $15,745 this year, up 4 percent from last year, with workers on average paying $4,316 toward the cost of their coverage, according to the Kaiser Family Foundation/Health Research & Educational Trust (HRET) 2012 Employer Health Benefits Survey. This year’s premium increase outpaced the growth in workers’ wages (1.7 percent) and general inflation (2.3 percent).
The 14th annual survey of more than 2,000 employers highlights trends in employer-sponsored health insurance costs and coverage. The survey reveals significant differences in the benefits and worker contributions toward family premiums between firms with many lower-wage workers (at least 35 percent of workers earn $24,000 or less a year) and firms with many higher-wage workers (at least 35 percent of their workers earn $55,000 or more a year).
According to the survey, an estimated 2.9 million young adults are currently covered by employer plans this year as a result of an Affordable Care Act (ACA) provision that allows young adults up to age 26 without employer coverage of their own to be covered as dependents on their parents’ plan. That’s up from the 2.3 million in the 2011 survey. The survey also reports that 48 percent of covered workers are in “grandfathered” plans as defined under health reform, down from 56 percent last year.