Employee’s are once again getting hit with more of the costs of their coverage in the form of higher premiums and higher deductibles.
Health care premiums continue to take up more of employees’ paychecks.
Just over a quarter of all covered employees are enrolled in policies with a deductible of at least $2,000, up from 22 percent last year and 15 percent five years ago.
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Even with health insurance, more than a third of the respondents in a recent survey had spent all or most of their savings while sick. They are often faced with deductibles and co-payments; treatments their insurance won’t cover.
Among people with health insurance, more than 20 percent had trouble paying for basic necessities. More than a quarter had bills in collection, and 13 percent had borrowed money as a result of their illness.
The annual cost for a family to get health coverage from an employer plan rose 5% to $19,616 this year, according to recently released data from the nonprofit Kaiser Family Foundation.
Workers contributed $5,547 for family coverage, on average, in 2018, up 65% since 2008, and $1,186 for single coverage.
About 25 percent of adults in a recent poll said that they or a family member have avoided seeking medical attention because of the cost.