Employer sponsored health insurance costs are up 4 percent this year

Employer sponsored health insurance - health insurance costs

The Kaiser Family Foundation data also showed that they have risen by 55 percent in 10 years. Employer sponsored health insurance costs have been rising steadily for Americans, having increased by 4 percent to $21,342 this year, according to a recently published Kaiser Family Foundation (KFF) study. The annual KFF survey found that workers are paying almost $5,600 for their coverage this year. KFF’s annual survey determined that American workers are paying almost $5,600 int their employer sponsored health insurance for family coverage. In 2010, that figure had been closer…

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Almost 27M Americans lost job-based health insurance, says Kaiser Family Foundation

Job-based health insurance - Man studying graph on tablet

The employer sponsored coverage has been plummeting due to pandemic related layoffs. Almost 27 million people across the country may no longer have their job-based health insurance, says a new report from the Kaiser Family Foundation. This report pointed to the widespread layoffs occurring as a result of the coronavirus pandemic as the cause. The report, released on Wednesday, underscored a substantial problem in medical coverage. Many of those who have lost their job-based health insurance now find themselves uninsured. That said, less than half – about 12.7 million people…

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Many insured Americans rely on charity due to health insurance deductibles and copays

Health insurance deductibles - hands holding US dollars

Despite having a health plan, many people across the country can’t afford the medical care they need. Skyrocketing health insurance deductibles and copays are forcing many covered Americans to rely on charity to pay for medical care. Crowdfunding and medical charities have become the norm to fill in gaps for insured Americans. A recent LA Times report placed the spotlight on a growing trend among insured Americans. It showed that the cost associated with health insurance deductibles and copays can make medical care cost prohibitive even for Americans with medical…

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ACA health insurance enrollment deadline looms and sign-ups are down

Health insurance enrollment - Family

The open enrollment period for 2019 closes on December 15 but not as many people are signing up. Health insurance enrollment into the Affordable Care Act’s exchanges has fallen nationwide when compared to last year. The numbers have remained down despite the approaching deadline on December 15. The last few days of the open enrollment period could prove to be defining for the ACA in 2019. The final weeks and days of Affordable Care Act (A.C.A.) health insurance enrollment are strikingly busy. In 2017, over two thirds of Americans who…

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Health insurance exchange enrollment is nowhere near predictions

health insurance exchange

In fact, current statistics show that participation is less than half of what it was expected to be by now. Health insurance exchange enrollment is currently less than half of initial predictions. The lack of participation in the health care law as predicted has caused these marketplaces to undergo a considerable shift. Several major insurers have stopped selling their health plans due to the expense associated with them. Recent Kaiser Family Foundation forecasts indicate that consumers will have far less choice next year. Health reform analyst from the Kaiser Family…

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Donald Trump introduces plan to change health insurance in the US

donald trump health insurance

Trump unveils more information concerning his health care plan As the presidential campaign steams ahead in the United States, presidential hopeful Donald Trump has released new information about his health care plan. Trump has been an outspoken critic of the Affordable Care Act, saying that if he becomes president he will ensure that the health care reform law is fully repealed. The law has made health insurance coverage more accessible to millions of people in the United States, but critics of the Affordable Care Act claim that it is both…

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Health insurance deductibles are on the rise in the United States

cash money subsidy health insurance deductibles

Consumers are facing higher deductibles for their health care plans More people than ever before have been able to acquire health insurance coverage, particularly through exchange marketplaces, but they are beginning to encounter a problem they may not have expected: Growing deductibles. Deductibles for employer-sponsored coverage have grown by 67% since 2010, according to the Kaiser Family Foundation. HealthPocket, a health plan comparison site, shows that the average deductible for the least expensive coverage available through exchanges stands at $5,700 for 2016. Deductibles are higher for policies with low premiums…

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