"The researchers found that annual premiums for family coverage offered through employers increased by more than $600 to $24,540 in 2024, a 3% increase from 2023. This is about the cost of a new car, such as a 2025 Toyota Corolla, according to the report. Premiums for individuals rose $300 to $8,486, a 4% increase from 2023. Employers in several states experienced premium hikes that exceeded the national average, with Delaware seeing the steepest increase."
"Deductibles, meanwhile, rose an average 8% from 2023 to 2024 for both individual and family coverage, the report found. The average annual deductible for family coverage exceeded $4,000 for the first time in 2024 due to a $330 increase. More than half of private sector workers with employer-sponsored insurance are enrolled in high-deductible health plans. These provide lower monthly premiums but often lead to higher out-of-pocket costs. In 22 states, enrollment in high deductible plans surpasses 60%."
Annual family premiums for employer-sponsored coverage rose by more than $600 to $24,540 in 2024, a 3% increase from 2023, while individual premiums increased by $300 to $8,486, a 4% rise. State-level hikes varied, with Delaware showing a more than 26% jump—over $5,800—and Alabama and Rhode Island also posting large increases. Average deductibles increased about 8%, pushing the typical family deductible above $4,000 for the first time. More than half of private-sector workers are enrolled in high-deductible plans, employee premium contributions stayed largely stable, and over half of Americans receive employer coverage, making rising costs a major concern.
Read at MedCity News
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