05 Oct Rising Health Deductibles Take Bigger Bite Out Of Family Budgets
Health care costs continue to rise, and workers are shouldering more of the burden.
The big reason? Skyrocketing deductibles.
More companies are adding deductibles to the insurance plans they offer their employees. And for those who already had to pay deductibles, the out-of-pocket outlays are growing.
Together that means that the average worker has to pay $1,077 before their health plan will cover any medical expenses, according to a survey released Tuesday by the Kaiser Family Foundation and The Health Research and Education Trust. That’s a 67 percent increase in five years.
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