Park City, UT (PRWEB) June 24, 2013
Today, Zane Benefits, Inc. published new information on the cost of employer-sponsored health care in 2013.
According to Zane Benefits’ website, a recent study by Milliman Medical Inc. provided a unique snapshot of health care costs for an average family of four covered under employer-sponsored health insurance. Instead of just looking at the employer's cost of health insurance or the family's medical expenses, the 2013 MMI takes into account the combined cost of employer-sponsored health care including premiums the employer pays to cover the family, premiums the employee pays for the coverage, and out-of-pocket expenses the employee pays for medical care.
According to Zane Benefits’ website, key findings from the 2013 MMI:
- Cost of health care increases 6.3% for a family of four
- Costs of health care shifts to employees
- The employee's costs are split between premium-sharing ($5,544) and out-of-pocket expenses such as co-pays, deductible expenses, pharmacy, etc. ($3,600).
- Compared to other household expenditures, the employee's average annual contribution ($9,144) now exceeds the cost of groceries for a family of four ($8,388 on average).
According to Zane Benefits’ website, health care reform will do little to curb increasing health care costs.
About Zane Benefits
Zane Benefits was founded in 2006 to provide a revolutionized SaaS (Software-as-a-Service) administration platform ("ZaneHRA") for Health Reimbursement Arrangements (HRAs) and defined contribution health care. The flagship software provides a 100% paperless administration experience to small businesses and insurance professionals that want to offer better health benefits without a traditional group health insurance plan at lower costs. For more information about ZaneHRA, visit http://www.zanebenefits.com.