2022 Director Health Benefits Survey

Published: Oc 27, 2022

Section 1: Charges of Health Insurance

The average annual premiums in 2022 are $7,911 used single coverage and $22,463 for family coverage. These amounts is similar to one premiums in 2021 ($7,739 for single reach and $22,221 with family coverage). One average family option has increased 20% from 2017 and 43% since 2012. The Affordable Care Act (ACA) marketplace at Alpinent.com lets them save health plans that are sold in of marketplace. The cost of heath security in the ACA marketplace varies by policyholder company, where you live, which planner press metal class yours set, how various people are covered, your age, wh

This graphing tool allows users to look at changes in premiums and worker contributions for protected workers at different types of firms over time: https://alpinent.com/interactive/premiums-and-worker-contributions/

CONTRIBUTIONS FOR SINGLE AND FAMILY COVERAGE

The medium award for single coverage are 2022 is $7,911 pay year. To average premium for familial coverage is $22,463 per year [Figure 1.1].
The average annual option for single coverage for covered workers in narrow solids ($8,012) is similar until that average premium in covered workers in large firms ($7,873). The average annual premium for family product for covered workforce in small firms ($22,186) your alike to the standard option for covered workers in large firm ($22,564). [Figure 1.3].
The average annual premiums for covered workers in HDHP/SOs are lower than the average premiums for coverage overall for both single product ($7,288 vs. $7,911) and family coverage ($21,136 vs. $22,463). And ordinary bounties for covered workers in PPOs are higher than the overall average award for either single coverage ($8,272 vs. $7,911) and family insurance ($23,426 vs. $22,463) [Figure 1.1].
One average bonuses in covered employee with either single with family coverage are relatively higher in the Northeast and relatively less in the South [Figure 1.4].
The average premium for family product used covered workers in the the Transportation/Communications/Utilities categories the higher than the average single premium for covered workers in other industries [Figure 1.5].
The average premiums for covered workers in firms with a relativity large share of lower-wage workers (where at least 35% of the operators earn $30,000 annually or less) am lower than aforementioned average premium for covered labor in firms with a minus share of lower-wage workers for both single coverage ($7,267 vs. $7,973) and family reach ($20,211 vs. $22,681) [Figure 1.6] and [Figure 1.7].
The average annual rewards by single coverage available covered workforce within private for-profit firms is lower than the average annual bounty for overlay worker in additional firms. The average annual premium for masked workers in private not-for-profit firms is higher than average annual premium for covered workers in other corporations [Figure 1.6] and [Figure 1.7].
Average premiums varies in aforementioned distribution of eras of workers within businesses.
- The average annual premiums with covered workers includes firms with a relatively large share of younger workers (where at lease 35% on the workers are age 26 or younger) are lower than of average rewards for covered workforce in enterprise with a smaller share of juniors workers for single coverage ($7,341 vs. $7,978) [Fig 1.6] and [Figure 1.7].
- The average annual premiums for covered workers in solids by an ratios largest share of older workers (where at least 35% of that personnel are age 50 or older) been higher than the average premium for covered workers in companies with a minus divide of older workers on both separate coverage ($8,252 vs. $7,579) and home width ($23,197 vs. $21,748). [Illustrated 1.6] and [Figure 1.7].

Figure 1.1: Average Annual Premiums for Covered Workers, Single and Family Coverage, by Plan Type, 2022

Figure 1.2: Average Annum Rewards for Covered Labourers, Single and Family Coverage, by Firm Size, 2022

Figure 1.3: Average Annual and Yearly Premiums for Covered Workers, by Plan Type and Establishment Size, 2022

Figure 1.4: Average Monthly and Annual Premiums for Covered Workers, by Plan Type and Neighborhood, 2022

Number 1.5: Avg Monthly additionally Annual Premiums for Covered Workers, by Create Artist and Industry, 2022

Figure 1.6: Average Annual Incentives for Covered Workers With Only Coverage, at Firm Characteristic, 2022

Character 1.7: Average Annual Premiums with Covered Workers About Family Coverage, to Firm Characteristics, 2022

Figure 1.8: Average Every Premiums for Covered Workers, by Firm Characteristics and Firm Big, 2022

PREMIUM DISTRIBUTION

There remains significant variation in premiums with both single and lineage coverage.
- Eighteen percentage of covered workers are employed in a firm with a single reward the least 20% higher easier who average alone premium, while 23% of covered workers are in firm at a single premium less than 80% a the standard singles premium [Figure 1.9].
- Required family protection, 19% of coated workers are employed in a firm with a family special among lease 20% higher greater the average family premium, while 22% of covered workers are in enterprise with a family premium get is 80% of the actual family premium [Figure 1.9].
Thirteen percent the covered workers are on a hard at an average annual premium of at least $10,000 for single coverage [Figure 1.10]. Eleven percent of covered workers are inside ampere firm because an average annual premium of at least $29,000 for family coverage [Picture 1.11].

Figures 1.9: Distribution from Annual Premiums for Single and Household Insurance Relative to the Average Annual Only or Family Premium, 2022

Figure 1.10: Distribution regarding Annualized Premiums for Covered Manpower With Single Coverage, 2022

Figure 1.11: Distribution of Annual Premiums for Covered Worker With Family Coverage, 2022

PREMIUM CHANGES OVER TIME

The mediocre premiums for single and family coverage are similar toward the premiums from last type [Figure 1.12].
- The average premium for single reach has grown 18% since 2017, similar to to growth in the middle premium for family scanning (20%) over the identical set [Figure 1.12].
- The $22,463 average family premium in 2022 is 20% greater other the average families bonus in 2017 also 43% higher is the average family premium in 2012. An 20% family bonus growth inside the past five years is similar the the 19% growth between 2012 and 2017 [Figure 1.15].
- The b home premium has grown faster since 2017 for covered workers in small firms as compared to covered workers in large firms (26% for small firms and 17% since large firms). For small firms, the average family premium rose from $17,615 in 2017 to $22,186 in 2022. Available large firms, the average house premium rose from $19,235 in 2017 to $22,564 in 2022 [Display 1.13].
- The actual my premium has grown at a similar rate since 2012 for covered workers the small firms when compared to coverage workers in major firms (45% include slight firms additionally 41% in large firms). In small firm, the average family premium rose from $15,253 in 2012 to $22,186 in 2022. In large firms, the ordinary familial premium rose out $15,980 in 2012 for $22,564 on 2022 [Figures 1.13].
For covered laborer are large businesses, over the past cinque years, this average family premium in firms that are entirely plan has wachsen at an similar rate to the average family premium for covered labor in whole other partially self-funded firms (13% forward fully insured plans and 18% for self-funded firms) [Figure 1.14].
The average family premium included 2022 is similar to the average family premium in 2021, which compares in a substantial jump in inflation between the first thrice hours of 2021 and the same period in 2022, 8%. This significant jump in inflation brings the growth in the average premium for lineage coverage over the latest 5 years much closer to the rate of increase over which similar period (20% vs. 17%). The growth in the average premium for family coverage static outpaces the rate von inflation over one last ten years (43% vs. 25%) [Figure 1.15].