Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance > Your Practice

Hewitt: Health Costs To Rise 6%

X
Your article was successfully shared with the contacts you provided.

Employer health care costs will increase about 6% in 2010, Hewitt Associates Inc. predicts.

The rate of increase will be about the same as it has been this year and was in 2008, according to Hewitt, Lincolnshire, Ill.

Hewitt gets health cost figures by analyzing data from 1,700 U.S. health plans, including plans at 325 large employers.

Hewitt estimates large employers will spend an average of $9,120 on health premiums per employee in 2010, up from $8,607 this year.

Employees’ own health premium costs probably will rise about 10%, Hewitt says. The firm expects employers to ask employees to contribute an average of $2,085 each, or 23% of the cost of the total premium.

This year, employees have been contributing an average of $1,890 each, or 22% of the total premium.

Average employee out-of-pocket costs for items such as co-payments, coinsurance and deductibles will increase 10%, to $1,938, Hewitt says.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.