The latest survey by the Kaiser Family Foundation (KFF) concerning employer-sponsored health benefits found modest increases in employers’ and employees’ costs in 2022.
In its 24th Employer Health Benefits Survey (EHBS), KFF found the average annual premiums for employer-sponsored health insurance in 2022 were $7,911 for single coverage and $22,463 for family coverage. These amounts were up from $7,739 and $22,221 in the previous year, respectively – an increase of $172.00 for single coverage and $242.00 for family coverage. The average family coverage premium is up 20% over the past five years and up 43% during the past 10 years.
Small vs. Large Employers
In 2022, workers insured through their employers at both small and large firms had similar premiums. For single coverage, the premium was $8,012 for employees at small firms as compared to $7,873 for those working at large firms. For employees with family coverage, the premium was $22,186 at small firms, compared to $22,564 at large firms.
HDHP vs. Other Coverage
Employees enrolled in High Deductible Health Plans (HDHPs) had lower premiums, overall, whether enrolled in single or family coverage. Single coverage enrollees had average premiums of $7,288, as compared to $21,136 for family coverage. PPO participants had the highest average premiums: $8,272 for single coverage, and $23,426 for family coverage. For all plans, the premium average was $7,911 for single coverage and $22,463 for family coverage.
If you have any questions or concerns about this bulletin, please contact your Total Benefit Solutions Inc health insurance account manager at (215) 355-2121