Annual premiums for job-based family coverage rose to $21,342 on average this year, according to an annual survey by the Kaiser Family Foundation.
That’s 3.7% higher than the cost of family coverage in 2019. Workers are paying more than a fourth of that tab—$5,588—with their employers picking up the rest. Meanwhile, premiums for individual coverage reached $7,470, an increase of 3.9%, with workers paying about 17% of the share at $1,243.
About 157 million people have employer-sponsored health coverage. Premiums for job-based insurance continue to rise at rates faster than workers’ wages and general inflation, which rose 3.4% and 2.1% year-over-year, respectively, the report showed. Over the last decade, average family premiums soared 55%, while wages grew 27% and inflation increased 19%.
The COVID-19 pandemic has threatened to disrupt employer-sponsored coverage, as companies lay off workers amid the economic downturn. Though estimates vary, multiple studies concluded that millions have lost