What Rising Premiums for 2024 Mean for Employers and Brokers

Health care coverage is projected to increase by 9% in 2025

It says on average the budgeted health-plan costs for clients is $14,823 per employee in 2024. An increase in medical claims continues, along ...

Larger Employers Fund Worker Obamacare Option as Costs Spike

US employer health costs could rise as much as 8.5% in 2024, according to recent surveys. Coury's costs are only increasing 3.5%, according to ...

Why Does Your Health Insurance Cost Increase Every Year?

According to the Kaiser Family Foundation (KFF), the average annual premium for employer-sponsored family health coverage reached $23,968 in 2023. Family ...

10 Ways To Revive Stagnant Employer-Sponsored Health Market

Health insurers need to focus on improving performance and gaining share to breathe new life into the employer-sponsored market. This is an ...

Over 80% of Employers Will Add or Make Improvements to ...

Recent findings show that more than 81% of businesses plan to add or improve their employee benefits in 2024 to support recruitment and retention.

Medicare Advantage in 2024: Enrollment Update and Key Trends

The Medicare Payment Advisory Commission (MedPAC) reports that plans receive payments from CMS that are 122% of spending for similar ...

Q2 2024 P/C Market Survey

Premium increases were flat or down from the previous quarter for all lines, and premiums across commercial lines increased by an average of 5.6%. Notably ...

Navigating Employee Benefits in 2024: A Comprehensive Guide

In general, employers pay for 83% of single coverage employee health insurance plans and 73% for family coverage on average. In other words, employer-sponsored ...

Federal Solutions To Address Rising Costs of Employer-Sponsored ...

In 2022, the average annual ESI premium was $8,435 for individual coverage and $23,968 for family coverage, a 43 percent and 47 percent increase ...

Marketplace Plan Year 2024 Open Enrollment Fact Sheet - CMS

The Marketplace Open Enrollment Period on HealthCare.gov generally runs from November 1 to January 15. Consumers who enroll by midnight December 15 (5 am EST ...

2025 global insurance outlook | Deloitte Insights

Globally, non-life premiums grew by 3.9% year over year in real terms in 2023, partly because insurers increased rates to offset rising claims ...

Self-Insured Health Benefit Plans 2024 Based on Filings through 2021

Trust payments and insurance premiums may indicate self-insurance ... insurance companies may not offer stop-loss insurance to small employers, or ...

2024 FEHB Premiums Will Increase with Rising Healthcare Costs

Premiums for FEHB plans will increase by an average of 7.7% in 2024, slightly less than the 8.7% average rise in health insurance costs seen ...

Biggest Changes to Expect in 2024 for Group Health - MyCalChoice

Rising Health Insurance Premiums ... According to multiple studies by Mercer, Aon, and Willis Towers Watson, among others, employers should expect ...

Group coverage vs. individual health insurance cost - PeopleKeep

Rising health insurance rates impact employers and employees alike. ... insurance agents, brokers, and health insurance companies directly.

Average rate increase of 8.9% approved for 2024 individual health ...

Insurers requested an average increase of 9.11% but 8.94% was approved. How much premium someone pays will depend on the plan they select, the ...

Steady Premium Hikes Continue: Employer Health Costs Rise ...

Family health insurance premiums rose by 7% in 2024, with workers' contributions remaining stable, but deductibles for single coverage increased ...

Medicare Advantage: A Policy Primer | Commonwealth Fund

Plans are required to use the rebate to lower patient cost sharing, lower premiums, or provide some coverage for benefits not included in ...

Gov. Polis and DOI Announce 80% of Health Insurers to Decrease ...

As a result of this authority, 80% of insurance companies that will offer individual market plans in 2024 decreased their initial premium ...

Insurers Say Health Care Costs Will Jump in 2024 - SHRM

There's more evidence employers should brace for higher health costs in 2024. A pair of new surveys finds that U.S. health costs will jump ...