Premiums, Deductibles Take Growing Portion of Workers’ Paychecks

People with employer-sponsored health plans spent 11.6% of their median household income on premiums and deductibles in 2020, up from 9.1% in 2010, according to an analysis published by The Commonwealth Fund. In 37 states, premiums and deductibles accounted for 10% or more of employees’ median income in 2020, with those in Mississippi and New Mexico facing the highest potential costs relative to income. The average premium for single coverage and family coverage reached $1,532 and $5,978 nationally.

commonwealth-premium-study-2021

NOTES: Combined estimates of single and family premium contributions and deductibles are weighted based on the distribution of single-person and family households in the state. Employee premium contributions are for insurance policies offered by private-sector employers.

SOURCE: “State Trends in Employer Premiums and Deductibles, 2010–2020,” The Commonwealth Fund, January 2022.

This infographic was reprinted from AIS Health’s weekly publication Health Plan Weekly.

Jinghong Chen

Jinghong Chen Reporter

Jinghong produces infographics and data stories on health insurance and specialty pharmacy for AIS Health. She graduated from Missouri School of Journalism with a focus on data journalism and international reporting. Before joining AIS in 2018, she worked at WBEZ, Al Jazeera English and The New York Times Chinese.

Related Posts

genes
September 15

Holistic Approach to Prior Authorization for Genetic Testing Is Key in Making Sure People Get Right Tests, Best Care in Timely Manner

Read More
tubes
September 15

Payers Report Cost Savings From Shifting to Biosimilars

Read More
court-hummer
September 15

New Suit Claims Copay Accumulators Violate ACA, but Will Judge Agree?

Read More

GAIN THERAPEUTIC AREA-SPECIFIC INTEL TO DRIVE ACCESS FOR YOUR BRAND

Sign up for publications to get unmatched business intelligence delivered to your inbox.

subscribe today