Covered Workers' Out-of-Pocket Costs Rose 77% in Ten Years

Kaiser Family Foundation recently conducted an analysis on out-of-pocket cost trends for employees. Here are some key findings from the report:

·         Between 2004 and 2014, covered workers' average out-of-pocket costs grew 77%.

·         Health plans' average payment per enrollee rose by 58% between 2004 and 2014.

·         Overall, workers' out-of-pocket costs rose from an average of $422 in 2004 to $747 in 2014.

·         Average payments by health plans rose from $2,748 to $4,354 between 2004 and 2014.

·         Health plans covered 85.3% of covered medical expenses in 2014, compared with 86.7% in 2004.

·         Workers' payments toward deductibles rose 256% (from an average of $99 to $353).

Source: Kaiser Family Foundation, April 12, 2016