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Employer-sponsored Insurance Premiums Rise 4 Percent This Year

The rate rose at a steady rate once more

The cost of employer-sponsored insurance plans continues to rise at a relatively steady rate even as a global pandemic (coronavirus/COVID-19) has caused dramatic disruptions in how and when people get health care.

The findings, released Wednesday, come from California-based Kaiser Family Foundation's yearly report that put the average annual premium for family coverage this year in employer-sponsored health plans at $22,221, up 4 percent from last year. The national survey found that workers are contributing $5,969 toward the cost of family coverage this year, with employers paying the rest.

Of note, the survey found employers are expanding access to mental health services after the COVID-19 crisis exposed that need and promoting telemedicine services that allow for health care at a distance.

Please select this link to read the complete article from The Star Tribune.

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