Average Employer Plan Premium Soars in 2024; GLP-1 Coverage Is Rare
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Oct 18, 2024
The average annual premium for employer-sponsored health insurance in 2024 hit $8,951 for single coverage and $25,572 for family coverage, according to the KFF 2024 Employer Health Benefits Survey. This is the second year in a row that family premiums went up 7%, compared to a 4.5% year-over-year increase in workers’ wages and a 3.2% rise in inflation. Over the past 10 years, growth of the average premium for family coverage outpaced the rate of inflation (52% vs. 32%), while the average family premium and average wages grew at comparable rates (52% vs. 45%). Read more
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