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Businessman running over coin stack isolated on whiteHealth care premiums averaged a three percent increase in 2014.

Not bad, right? Depends on your perspective.

If you’re a worker with coverage through your employer, you may have a different view.

Why?

Because you probably saw your health care deductible take a giant leap. The findings from an employer health survey delivered the bad news.

The average employee health care deductible jumped
47 percent since 2009.

Health Care Leap

The Kaiser Family Foundation recently released its 2014 Employer Health Benefits Survey.

  • The good news is a trend toward slower growth in health care costs
  • The bad news is health care experts don’t expect it to last

The annual deductible is the amount the employee pays before the health plan starts paying.

As employers experienced tremendous surges in premiums, something had to give. Most employers pushed more out-of-pocket expenses (like the health care deductible) on to the employee.

The report shared an astounding statistic. Since 1999, employees’ share of health care premiums vaulted 212 percent.

Reportedly, that leap is nearly four times as fast as national wage growth.

It takes no leap of faith to believe something has to give on the employee side as well. Let’s hope the fallout does not include health care neglect.

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Helping you Keep it simple, clear & uniquely yours – contact me for help with your business writing needs. Visit my business blog, Simply stated business.

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Notice of Disclaimer –Cathy Miller is not an attorney or health care provider and cannot provide legal or health care advice. The information provided is for your general background only, and is not intended to constitute legal or health care advice as to your specific circumstances. We recommend you review legislation with legal counsel and visit your physician for health care issues.

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