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Employee costs up; Employer rate increase less in 2013 October 17, 2013

Posted by Admin in Healthonymous, Money.
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The good news is that employer rate increases for large group plans increased by only 3.3% for 2013. The 2012 rate increase was 4.9% and 8.5% in 2011.

The bad news is that the employee share of costs have increased from $2,011 in 2004 to an expected $4, 969 in 2014, according to AON Hewitt. ┬áRemember, while expensive, an employer’s cost-share of health coverage costs is tax-deductible, while not usually to individuals and families. (Want to know more about why our health care is tied to employment?)

AON Hewitt released its’ annual analysis of health coverage costs on October 17, 2013.

President Barack Obama listens to Safeway Pres...

President Barack Obama listens to Safeway President and Chief Executive Officer Steve Burd during a meeting with business leaders in the Roosevelt Room of the White House to discuss employer health care costs. (Photo credit: Wikipedia)

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