How Much Does Health Insurance Cost Small Employers? eHealth Highlights Average Premiums and Deductibles
The average small business health plan cost was
eHealth’s findings are derived from an analysis of plans selected by more than 500 small employers through eHealth.com during 2016. Highlights of the analysis include the following:
- The average small group health plan had five members; three were employees and two were family members of employees.
-
The average small group paid
$1,432 per month,$286 per covered life. -
Annual deductibles averaged
$2,306 .
eHealth also analyzed data at a state-level in nine states where eHealth had at least 25 new sold groups and a combined total of at least 100 covered lives in 2016. Highlights of the analysis from these states include the following:
-
The highest average monthly premium per covered life was
$355 inNew York . -
The lowest average monthly premium per covered life was
$170 inArizona .
State | Average Group Size | Average Group Monthly |
Average Monthly |
|||||||||
Premium |
Premium Per Covered |
|||||||||||
Life | ||||||||||||
Arizona | 6 | $1,018 | $170 | |||||||||
California | 5 | $1,570 | $314 | |||||||||
Colorado | 4 | $799 | $200 | |||||||||
Florida | 5 | $1,394 | $279 | |||||||||
Georgia | 6 | $1,766 | $294 | |||||||||
New Jersey | 4 | $1,311 | $328 | |||||||||
New York | 4 | $1,418 | $355 | |||||||||
Texas | 5 | $1,615 | $323 | |||||||||
Virginia | 6 | $1,043 | $174 | |||||||||
“This is the first time eHealth has published cost-related data for the
small business market, but we’ve been doing it for individuals and
families for several years,” said
eHealth is one of the few organizations with nationally sourced health insurance data that broadly reflects consumer buying patterns and purchase prices to provide insights into the self-purchased small group health insurance market.
Data presented in eHealth’s report is based solely on submitted applications for health insurance through eHealth in the specified time period. It does not offer a comprehensive view of costs for all plans available through eHealth, through the market as a whole, or through government SHOP exchanges. Certain applications missing key data fields relevant for the analysis may have been removed from the total sample. Specific health insurance plan premiums, deductibles, and other features may differ significantly from any averages or other presented statistics.
Methodology
eHealth analyzed premium data from small group health insurance sold through eHealth in 2016. To determine average premiums per employer, per employee and per dependent, eHealth analyzed the number of employees and dependents on each plan, the monthly premium paid per sold plan and the plan deductible as listed in the plan summary of benefits.
eHealth
For more health insurance news and information, visit eHealth's Consumer Resource Center.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161213005295/en/
Source:
DMA Communications for eHealth, Inc.
Sande Drew, 916-207-7674
sande.drew@ehealth.com
or
eHealth,
Inc.
Nate Purpura, 650-210-3115
nate.purpura@ehealth.com