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What rising health care costs actually mean for clients and employees

Health care costs are soaring, forcing employees and their families to make serious financial trade-offs to afford treatment. Since 2010, health care premiums have climbed 55%, more than double the rise in wages or inflation.1 Your clients carry part of the cost of company-sponsored health coverage, so they’re feeling the impact, too.

scale icon with $5,588 vs air conditioner, vacation and clothes

The average price an employee paid for a family health plan in 2020 was $5,588.1

That’s more than the average cost of:
A vacation for a family of four ($4,580).2
Replacing central air conditioning ($5,180).3
Clothing two families for a year ($3,766).4

scale icon with $1,644 vs home, refrigerator and wedding gown

The average health care deductible for one person was $1,644.

That’s more than the average cost of:
A 30-year monthly mortgage payment ($1,275).5
Buying and installing a refrigerator ($1,500).6
The cost of a wedding gown ($1,600).7

It’s not just workers who feel the pressure. Employers feel it, too

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90% of workers have a plan in which the employer covers at least half the premium.8

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$15,754 was the average employer-paid portion of a family health care plan in 2020.2

And the struggles will likely continue for employers

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52% say rising health insurance costs keep them from increasing salaries.9

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15% who offer benefits say they cannot continue to sustain the costs.9

Aflac supplemental insurance helps with expenses health insurance doesn’t cover and can help your clients and their employees better cope with rising health care costs. Talk with your broker sales representative to learn more.