November 20, 2012

Employer health deductibles have soared

Kaider Family Foundation - The percent of covered workers enrolled in a plan with a general annual deductible has increased significantly over time.  In 2006, just over half  of covered workers had a deductible for single coverage, compared with almost three-quarters in 2012.

Overall, the average general annual deductible is $1,097 for covered workers enrolled in a single coverage plan requiring a deductible; an increase of 88% since 2006.

Although workers at small firms are no more likely to be enrolled in health coverage that includes a deductible, they typically face much higher deductibles than workers at large firms.  The average deductible for covered workers enrolled in single coverage at a small firm is nearly twice as much as the deductible for covered workers at larger firms.

In addition to contributing more towards premiums, covered workers are increasingly faced with higher cost sharing.  A larger proportion of workers are required to meet a deductible prior to utilizing services and these deductibles are increasing in size.  It has become commonplace for covered workers to be enrolled in a plan with a deductible of $1,000 or more.  While many working families have sufficient savings and coverage in case of a medical emergency, the growth in workers’ contributions and cost sharing may increasingly become a financial strain on some households.

1 comment:

Anonymous said...

This is the best thing that can happen to health insurance in America. By letting the rank and file feel the pain inflicted by Wall Street health insurance companies, peokle will be more inclined to demand Medicare For All in the near future. In addition, they will be much more resistant to Wall Street propaganda concerning death panels, birth control and abortion. Just keep making the little guy pay more and more and more out of each paycheck.. It can't happen soon enough as far as I am concerned.