Secret Savings With Employer Sponsored Health Insurance Benefits
Cost Comparisons and Market Insights
When comparing costs, it's essential to consider the total value of the benefits provided. Employer-sponsored plans often include lower deductibles and co-pays compared to individual market plans. The average annual premium for employer-sponsored family coverage in 2023 was $22,463, with workers on average paying $6,106 towards the cost of their coverage4. These numbers illustrate the potential savings and value of employer-sponsored options.