Employee Benefits: What Does the Average Employer Spend?<\/strong><\/h2>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.1″ _module_preset=”1f09816e-184e-4ce5-a4cf-b39c52c423ca” text_font=”Raleway|500|||||||” text_text_color=”#0D291F” text_font_size=”17px” text_line_height=”1.75em” hover_enabled=”0″ text_font_size_tablet=”15px” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone” header_font_size_tablet=”55px” header_font_size_last_edited=”off|desktop” global_colors_info=”{}” sticky_enabled=”0″]The Annual Kaiser Family Foundation (KFF) Health Benefits Survey summarizes data from employers across the country in an annual report to aid in research and development. Here is the breakdown for employer versus employee contributions to health insurance from 2016-2017:
\n.<\/strong>[\/et_pb_text][et_pb_image src=”https:\/\/contaminasian.com\/okcnativehealth\/wp-content\/uploads\/2022\/12\/Screen-Shot-2022-12-04-at-7.12.25-PM.png” _builder_version=”4.18.1″ _module_preset=”default” title_text=”Screen Shot 2022-12-04 at 7.12.25 PM” hover_enabled=”0″ sticky_enabled=”0″ align=”center”][\/et_pb_image][et_pb_video src=”https:\/\/vimeo.com\/775314158″ image_src=”https:\/\/contaminasian.com\/okcnativehealth\/wp-content\/uploads\/2022\/11\/stockton_20.jpg” _builder_version=”4.18.1″ _module_preset=”default” box_shadow_style=”preset2″ global_colors_info=”{}”][\/et_pb_video][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.17.4″ _module_preset=”default” custom_margin=”||30px||false|false” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.1″ _module_preset=”1f09816e-184e-4ce5-a4cf-b39c52c423ca” text_font=”Raleway|500|||||||” text_text_color=”#0D291F” text_font_size=”17px” text_line_height=”1.75em” hover_enabled=”0″ text_font_size_tablet=”15px” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone” header_font_size_tablet=”55px” header_font_size_last_edited=”off|desktop” global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n <\/p>\n
While premium prices increased, employers still paid the same share. This is reflective of increasing premiums across the market. This percentage is a good place of comparison between years as they capture trends of the marketplace while accounting for its great\u00a0 \u00a0 variety.What influences a change in this percentage? One big component is the affordability standards set by the Affordable Care Act. According to the law, the lowest priced individual plan available to the employee must cost no more than 9.56% of the employee\u2019s household income adjusted for inflation. Meaning an employee making $50,000 annually must pay no more than $398.33 for insurance. If an employer provided healthcare plan is deemed affordable by the ACA and meets the minimum value standard by covering 60% of total cost of healthcare services and including \u201csubstantial coverage of physician and inpatient hospital services,\u201d employees who opt to enroll in a plan on the ACA marketplace rather than their employer sponsored plan would not qualify for tax subsidies<\/p>\n
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Data Courtesy of the KFF: https:\/\/www.kff.org\/health-costs\/report\/2016-employer-health-benefits-survey\/<\/a><\/span><\/p>\n <\/p>\n
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News & Tips \u2022 Employee Benefits: What Does the Average Employer Spend?The Annual Kaiser Family Foundation (KFF) Health Benefits Survey summarizes data from employers across the country in an annual report to aid in research and development. Here is the breakdown for employer versus employee contributions to health insurance from 2016-2017: . While premium prices […]<\/p>\n","protected":false},"author":2,"featured_media":436,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[3],"tags":[],"yoast_head":"\n
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