What Rising Premiums for 2024 Mean for Employers and Brokers

Employers expect health benefit costs will rise 5.4% on average in 2024. Factors contributing to the higher costs are higher inflation and labor shortages.

Employer health care premiums hit $25K in 2024: KFF - BenefitsPro

The average employer-sponsored health insurance premium for US families rose 7% this year – same as last year, according to the annual KFF ...

Health Insurance Employer and Employee Costs in 2024

Even as insurance premiums rise, costs may not increase significantly for employees in 2024 if employers take on more of the financial burden and cover more ...

Annual Family Premiums for Employer Coverage Rise 7% to ... - KFF

Family premiums for employer-sponsored health insurance rose 7% this year to reach an average of $25572 annually, KFF's 2024 benchmark ...

Insurance Premiums Expected to Climb in 2024 - Ansay & Associates

Reasons for Insurance Premium Increases · What affects insurers also affects policyholders · Rising Costs of Healthcare & Inflation · Long Term ...

Health Insurance Industry Trends in 2024 | Word & Brown

As we reported last fall, U.S. employers are expected to see a larger increase in premiums for employees' health insurance in 2024 than in ...

Medical Costs are Increasing: How Benefits Brokers Can Help

Rising medical costs remain a top concern for businesses in the U.S. as employer-sponsored plans continue to outpace inflation.

Health benefit cost expected to rise 5.4% in 2024 - Mercer.com

US employers expect total health benefit cost per employee to rise 5.4% on average in 2024, even after they make changes to their plans to slow cost growth.

2024 employee benefits trends brokers should know - Aflac

The total cost of health care benefits per employee is expected to rise 5.4% in 2024, hitting a 10-year high.3,4 (Premiums rose by 7% in 2023.)5. Still, ...

Key Statistics and Trends that Brokers and PEOs Need to Know

Overall Increase: The average annual premium for employer-sponsored health insurance in 2023 increased by 7% for both single and family coverage ...

The Burden of Health Insurance Premiums on Small Business

The benchmark premium increased to $477 in 2024 but was nevertheless lower than the average in 2018. Third, subsidies could have kept ...

ACA affordability percentage increases after three years of decreases

Affordability threshold is increased to 9.02% for 2025 employer health plans. The increased percentage means employers should have more ...

Employer Health Premiums for Family Coverage Rise 7% to ...

Employer health insurance premiums rise 7% to $25,572 for families in 2024, while coverage of new weight-loss drugs remains limited, KFF ...

Employer-Sponsored Health Benefit Costs Could Rise 5.4% in 2024

Employers expect health benefit costs could rise an average of 5.4% per employee next year, a survey by Mercer found.

Annual Family Premiums for Employer Coverage Rise 7% in 2024 ...

While employers are seeing total premiums for family coverage rise steadily, the amount that workers, on average, pay toward their annual ...

Employers face higher health care premiums in 2024

Prices for employer-sponsored insurance plans are projected to increase an average of 5.4% to 8.5%, according to four nationwide surveys.

Health Insurance Costs Will Rise Steeply if Premium Tax Credit ...

The average enrollee saved an estimated $700 in 2024 because of the PTC enhancements. Average monthly premiums were 32 percent lower than in ...

Q1 2024 P/C Market Survey

Commercial auto premiums increased by an average of 9.8%, compared to 7.3% last quarter. Experts suggest high vehicle repair costs due to inflation and supply ...

Insurance brokers face increased pressure to deliver affordable costs

According to the survey, employers noted their performance outlook in 2024 was either about the same or better as last year's, and nearly 86% of ...

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.