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Report shows the rising cost of premiums will continue for health insurance

According to a report by the Kaiser Family Foundation, health insurance premiums are up to 9%.

Employers who pay for health insurance may be in for a long struggle. According to a report by the Kaiser Family Foundation, health insurance premiums are up to 9%.

Reed Abelson at The New York Times reports:

A new study by the Kaiser Family Foundation, a nonprofit research group that tracks employer-sponsored health insurance on a yearly basis, shows that the average annual premium for family coverage through an employer reached $15,073 in 2011, an increase of 9 percent over the previous year.

"This year’s nine percent increase in premiums is especially painful for workers and employers struggling through a weak recovery," CEO Drew Altman, Ph.D. said in a statement.

By the numbers

  • The cost for annual premiums is up to $15,073 for families who use coverage through an employer.
  • Employees are contributing almost $4,129 towards plans covered by their employer.

To learn more about this report, visit the original report here.

via The New York Times

Image: screenshot of Kaiser Family Report

Main image: Flickr via Mike Licht

This post was originally published on Smartplanet.com