Employers, hospitals both getting pushed by rising costs
Health insurance doesn’t come cheap for anyone.On average, 2018 premiums for employer-based insurance cost $5,993 annually for single coverage and $17,384 for family coverage, based on an analysis of federal data published this week by the Commonwealth Fund. Mississippi businesses are still picking up the lion’s share, with employees kicking in an average of $1,365 in annual premiums for single coverage and $5,680 for family coverage in 2018. When the average employee contribution and deductible – $7,863 – are measured against the median income, Mississippi households could face costs of 16.5 percent of median income.A decade ago, premiums for employer-based coverage averaged nearly $1,900 less for single coverage and about $6,000 less for Mississippi families. The employee share averaged $749 for single coverage and $1,365.Click here to view the story.