Kaiser 2024 Health Benefits Survey: What Employers Need to Know

With premiums for employer-sponsored family coverage reaching $25,572, it's clear that controlling costs while enhancing benefits is a challenge that demands new solutions.

The "2024 Employer Health Benefits Survey” from the Kaiser Family Foundation (KFF), provides insights on employer contributions, cost-sharing, and wellness incentives, essential for employee benefit consultants advising employers on competitive, sustainable plans.

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Key Highlights:

• Premium Pressure: Family premiums increased by 7% this year, sparking demand for cost-containment strategies.
• Rising Deductibles: Nearly half of employees at small firms now face deductibles above $2,000 – are there better ways to manage this burden?
• Self-Funding on the Rise: With 63% of US workers now in self-funded plans, could self-funding offer the answer for mid-size employers too?

Explore the full report to see how these trends will shape your clients' financial strategies and boost employee satisfaction.

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Best,

John W. Sbrocco, CSFS

CEO of Virtue Health