Here are some tidbits for your next analytical review of health insurance costs during an audit or review.
From annual survey by Kaiser Family Foundation of employer provided health insurance:
- $20,576 – average annual cost of family plan in 2019
- $19,616 – average annual cost of family plan in 2018
- 71% – average portion of costs paid by employer
- $7,188 – average annual cost of individual plan in 2019
- $6,911 – average annual cost of individual plan in 2018 (calculated based on 4% increase 2019)
Information is from Wall Street Journal on 9/25/19: Cost of Employer-Provided Health Coverage Passes $20,000 a Year (https://www.wsj.com/articles/cost-of-employer-provided-health-coverage-passes-20-000-a-year-11569429000) .
Table in the article provides info for amount paid by employer and employee if you hover over the components of the graph. I calculated total and change in each component by year:
| employee | % chg | employer | % chg | total | % chg | |
| 2019 | 6,015 | 8.4% | 14,561 | 3.5% | 20,576 | 4.9% |
| 2018 | 5,547 | -2.9% | 14,069 | 7.8% | 19,616 | 4.5% |
| 2017 | 5,714 | 8.3% | 13,049 | 1.4% | 18,763 | 3.4% |
| 2016 | 5,277 | 6.5% | 12,865 | 2.2% | 18,142 | 3.4% |
| 2015 | 4,955 | 12,591 | 17,546 |
(Pro tip: Print this post then add it to your workpapers to document an expectation for cost and rate of change for health insurance, citing survey by Kaiser as source.)