Question: What do a 2016 Ford Escape and the annual cost of family healthcare have in common? They’re both $25,000!
A recent Milliman healthcare study found that the cost of healthcare for a typical American family of four covered by an average employer-sponsored PPO medical plan is $25,826 per year.
Milliman’s Key Findings:
- The cost has more than tripled since its value of $8,414 in 2001
- This year’s increase (4.7%) is the lowest rate since 2001, but is still well above the average increase in household income
- Prescription drugs is the most rapidly growing component
Employee benefits programs, such as group medical plans, are an important component of Employco’s overall portfolio that helps to level the playing field for our clients. Using our large volume buying power to negotiate with benefit providers, we offer a benefits package that allows clients to compete with large corporations. Please let us know if you have any questions about employee benefit plans, including the plans provided in Employco’s portfolio.