Tag: Health insurance coverage costs

Health insurance coverage levels rise in communities of color

G. Turner
Health insurance coverage - Rise in coverage

Department of Health and Human Services data recorded substantial improvements from 2020 to 2022. The Department of Health and Human Services (HHS) recently released a report in which its data showed that communities of color have recorded considerable improvements in health insurance coverage from 2020 to 2022. The improvements are credited in part to increased outreach efforts for enrollment and enhanced affordability. From 2020 to 2022, there was a 56 percent increase in health insurance coverage enrollment rates among Hispanic people through the Affordable Care Act marketplace. Among Black Americans,…

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Employer-sponsored health insurance costs jumped this year

H. Cutner
Health insurance - Costs - money - stethoscope

The average cost of the coverage per worker rose by the largest amount in 2021 that it has since 2010. The average cost of employer-sponsored health insurance per worker saw its highest annual increase this year that it has since 2010. This occurred as the benefit costs rose faster than inflation and the earnings of the workers themselves. The Mercer 2021 National Survey of Employer-Sponsored Health Plans showed that there was a 6.3 percent average increase in the cost of employer-sponsored health insurance this year. Employees and their families began…

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Health insurance costs 54 percent less for the average gig worker

Marc
Health insurance - health costs - keyboard - money- stethoscope

The American Rescue Plan has made plans considerably more affordable for independent workers. Gig workers have traditionally faced health insurance expenses too high for many of them to be able to afford to keep them up, until the American Rescue Plan (ARP) changed the game for high-quality coverage in March. Since ARP passed earlier this year, a growing number of independent workers have been enrolling. Gig workers are using the Healthcare.gov marketplace to purchase their health insurance and are paying less for it than they ever have before. New benefits…

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