Thursday, June 18, 2015

Employees' Share of Healthcare Costs Continues to Climb


Here are some key findings from the 2015 Milliman Medical Index regarding employee share of medical expenses:

·         Employee costs (combined employee contributions and out-of-pocket costs) increased by 8% in 2015.

·         The 2015 increase is the highest in recent years, compared to a 6% increase in 2014 and 6.5% in 2013.

·         The total employee cost increased by 43% from 2010 to 2015, vs. 32% for employer costs.

·         Of the $24,671 in total healthcare costs for a typical family of 4, $10,473 (42%) is paid by the family.

·         Out-of-pocket costs make up 16% of the employees' share and 26% comes from payroll deductions.

Source: Milliman, May 19, 2015

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