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Exploring Employer-Sponsored Insurance

If you are employed, your employer may offer a group health insurance plan. These plans often come with lower premiums because the risk is spread across a larger pool of people. Additionally, employers typically subsidize a portion of the premium, which can significantly reduce your out-of-pocket expenses. In 2023, the average annual premium for employer-sponsored family health coverage was about $22,000, with employers covering approximately 70% of this cost3.

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