Annual costs for employer-provided health plans are rising faster than wages and inflation

The Kaiser Family Foundation conducted their 2019 Employer Health Benefits Survey and found the annual costs for employer-provided health plans are rising at a faster clip than wages and inflation. The study found premium contributions, copays, and deductibles rose by eight percent for a family plan in 2019 and by four percent for individual coverage; however, workers’ wages increased by an average of 3.4 percent, and an overall inflation was two percent. Read article here…

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