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Expensive Health Insurance Passes $20,000 per Year

Meridian Springs Primary Care helps brings your Health Insurance costs down

Health Insurance premium increases show no signs of slowing down. This year the average premium cost per family crossed a whopping $20,000 / year.

“It’s as much as buying a basic economy car,” said Drew Altman, chief executive officer of the Kaiser Family Foundation, “but buying it every year.” The nonprofit health research group conducts the yearly survey of coverage that people get through work, the main source of insurance in the U.S. for people under age 65.

Bloomberg

Kaiser Family Foundation also reports that the Employee portion of the premiums averages at $6000 per year, just on the premium portion of the insurance. With deductibles rising every year, out of pocket costs add up to significant amount of money on top of copay and the premiums. Bloomberg also reports –

Employees’ costs for health care are rising more quickly than wages or overall economy-wide prices, and the working poor have been particularly hard-hit. In firms where more than 35% of employees earn less than $25,000 a year, workers would have to contribute more than $7,000 for a family health plan. It’s an expense that Altman calls “just flat-out not affordable.” Only one-third of employees at such firms are on their employer’s health plans, compared with 63% at higher-wage firms, according to the Kaiser Family Foundation’s data

Bloomberg

Meridian Springs Primary Care has partnered with Insurance agents to offer FREE health coverage review to Small Businesses as well as families. We offer a model where Primary care is the center piece of the coverage and the health insurance wraps around this.

To get benefitted by this FREE service, please call us on email to get an appointment –

Call: 281-826-1359 Email: [email protected]

Source: //www.bloomberg.com/news/articles/2019-09-25/why-is-health-insurance-so-expensive-20-000-a-year-for-coverage

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