Family Health Care Costs Will Jump 14% in 2010

Family Health Care Costs Will Jump 14% in 2010Despite relatively stable rates for insurance premiums, the average U.S. family's health care costs will increase by 14% this year, thanks mostly to higher deductibles, according to a report released Thursday.

The typical employee will pay almost $4,000 for family health coverage, up $482 from 2009, the Kaiser Family Foundation and the Health Research & Educational Trust said in the report. Total family coverage premiums, which include company contributions, increased just 3% from a year earlier to $13,770.

The increase illustrates how companies are transferring an ever higher percentage of health insurance costs to their workers. During the past five years, employee contributions to insurance premiums grew at twice the rate of overall premium increases and four times the rate of inflation, according to the report.

More than one in four workers have annual deductibles of at least $1,000, and almost half of those who work for companies with fewer than 200 employees have deductibles that high, the report said.

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slotsfool

Our company group insurance premiums with Blue Cross are going up 37 % this year, and went up 36% from 2008 to 2009. 70% increase in 2 years. Doubt our boss will continue to offer employee insurance as a benefit after this year.

September 03 2010 at 10:57 AM Report abuse rate up rate down Reply
mustacchio

Our costs are going up because until 2014 we are paying for those who don't pay anything but still access health care....and no, I'm not talking about illegal aliens. They are too scared to get care. Once Health Care Reforms kicks in we will eventually stop seeing these double digit increases. Meanwhile, if you smoke, if you are overweight, if you have unprotected sex or drive without a seatbelt or while texting STOP IT!!! You are costing us all for your bad habits.

September 02 2010 at 10:15 PM Report abuse +1 rate up rate down Reply
dnclilsistrdnc

The People Should Revolt, Really This is Outrageous To Stay Alive.

September 02 2010 at 9:22 PM Report abuse rate up rate down Reply
dnclilsistrdnc

People who have private insurance better keep it, because if they opt out for Obama crap, and try to go back in, they will be socked with major high costs, because they won't be what is called grandfathered in. I'm not kidding.

September 02 2010 at 9:15 PM Report abuse rate up rate down Reply
dnclilsistrdnc

Nothing has changed, were still out of work, paying our own insurance from our retirement and cost are skyrocking. Obama did a great job, in his own mind. My cost is so high, that I may not be able to keep it. I have to eat you know Obama and pay bills and survive, but he doesn't care.

September 02 2010 at 9:14 PM Report abuse rate up rate down Reply
dnclilsistrdnc

Nothing has changed, were still out of work, paying our own insurance from our retirement and cost are skyrocking. Obama did a great job, in his own mind. My cost is so high, that I may not be able to keep it. I have to eat you know Obama and pay bills and survive, but he doesn't care.

September 02 2010 at 9:13 PM Report abuse rate up rate down Reply