Employer Health Insurance Benefits Plan Premiums Rose 4 Percent, Study Finds

The average health insurance premium increase in during the past year is 4% for both single and family coverage, according to the 2015 employer health benefits survey sponsored by the Kaiser Family Foundation.

The annual single coverage premium is $6,251 while the average family coverage premium is $17,545, the survey found.

Researchers found that the percentage of firms offering health benefits to its employees – 57 percent – as well as the percentage of workers covered at those firms – 63 percent – is statistically unchanged from 2014.

Large employers with 200 or more workers said they have analyzed their health benefits to determine whether they would be subject to the high-cost health plan tax when takes effect in 2018, the study found.

“Some employers are already making changes to their benefit plans in response to the tax,” study researchers said. 
According to the study, a “relatively small percentage of employers with 50 or more full-time equivalent employees that reported switching full-time employees to part time status (4 percent), changing part-time workers to full-time workers (10 percent) or reducing the number of full-time employees they intended to hire (5 percent) or increasing waiting periods (2 percent) in response to the employer shared responsibility provision which took effect for some firms this year.

Employers continue to be interested in programs addressing the health and behaviors of their employees, such as health risk assessments, biometric screenings, and health promotion and wellness programs.

Meaningful numbers of employers which offer one of these screening programs now offer incentives to employees who complete them; 31% of large firms offering health benefits provide an incentive to complete a health risk assessment and 28% provide an incentive to complete a biometric screening.

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A majority of large employers (200 or more workers) (53%) have analyzed their health benefits to see if they would be subject to the high-cost plan tax when it takes effect in 2018, with some already making changes to their benefit plans in response to the tax.response to the tax.  8775 - Exhibit 1.2

For complete study details follow this link: http://kff.org/report-section/ehbs-2015-section-one-cost-of-health-insurance/

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