Monday, June 27, 2011

Did you realize employee coverage from employers is getting more rare?

Health_insurance_costs

In the last 10 years, premiums for a family of four have jumped 70% from $6424 to $10,945. The employee portion of those premiums increased by 90% from $1,780 to $3,389.

The percentage of employees who get their health insurance through their jobs is down 8 points in the last 10 years to 162.5 million. In Texas only 51.5% of employees have employer-sponsored insurance.  Across all income levels, more than half of those who have lost their employer sponsored insurance were in families earning moderate incomes (for a family of four).

On top of that, more doctors are charging patients if they are asked to complete forms (i.e., health form for summer camp, school physical). The per-item fees are typically ranging anywhere from $5 to $20+.

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