+79 votes
What factors determine the cost of employee health insurance?
by (420 points)

1 Answer

+93 votes
Best answer
Employee health insurance costs can vary based on several factors, including the type of plan, the number of employees covered, the location, and the level of coverage. According to a survey by the Kaiser Family Foundation, the average annual premiums for employer-sponsored health insurance in 2021 were $7,470 for single coverage and $21,342 for family coverage. However, these costs can vary significantly depending on the specific circumstances of the employer and the employees. Factors such as the age and health status of the employees, the size of the employer, and the specific benefits offered can all impact the cost of employee health insurance. Additionally, the contribution from the employer towards the premium can also affect the overall cost for employees. It's important for employers and employees to carefully consider these factors when evaluating health insurance options.
by (460 points)
selected by