Advisory Board October 15, 2024
According to KFF’s latest Employer Health Benefits Survey, family premiums in employer-sponsored healthcare coverage increased by 7% for the second year in a row, reaching over $25,000 in 2024.
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Health insurance premiums continue to increase
For the survey, KFF partnered with Davis Research to interview business owners and HR/benefits managers at 2,142 firms between January and July 2024 to assess their employee health insurance and costs.
In 2024, annual premiums for single coverage averaged $8,951, a 6% increase from 2023. For families, the average annual premium was $25,572, a 7% increase from 2023. In comparison, the overall U.S. inflation rate increased by 3.2% during the same time.
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