Employer Plan Premiums Hold Steady in 2022, but Experts Predict Higher Costs, Narrower Networks in 2023

  • Nov 04, 2022

    The average premium for an average employer-sponsored plan didn't go up much in 2022, according to the Kaiser Family Foundation's annual survey of plan sponsors. Managed care insiders tell AIS Health, a division of MMIT, that even though prices are nearly certain to go up for plan sponsors in 2023, the era of cost-shifting to employees may be drawing to a close as firms struggle to retain low-wage workers who are feeling the pressure of inflation. 

    KFF found that the average annual premium for employer-sponsored health coverage is $7,911 for single coverage and $22,463 for family coverage this year, which are “similar to the average premiums in 2021.” While those costs remained stable between 2021 and 2022, the average premium for family coverage has increased 20% over the last five years and 43% over the last 10 years. The survey also found that premiums for workers at small and large firms are similar (KFF defines large firms as having a workforce of at least 200 people).  

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  • Peter Johnson

    Peter has worked as a journalist since 2011 and has covered health care since 2020. At AIS Health, Peter covers trends in finance, business and policy that affect the health insurance and pharma sectors. For Health Plan Weekly, he covers all aspects of the U.S. health insurance sector, including employer-sponsored insurance, Medicaid managed care, Medicare Advantage and the Affordable Care Act individual marketplaces. In Radar on Drug Benefits, Peter covers the operations of (and conflicts between) pharmacy benefit managers and pharmaceutical manufacturers, with a particular focus on pricing dynamics and market access. Before joining AIS Health, Peter covered transportation, public safety and local government for various outlets in Seattle, his hometown and current place of residence. He graduated with a B.A. from Colby College.

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