Nationwide, companies adopt a family health insurance funded the employer as a 
alternative to traditional health benefits of the employer. One of the main reasons for the widespread adoption by small businesses is cost savings. As detailed in a new report, employers using software made cost savings of Zane Benefits 57 percent on average compared to the average group health insurance costs. This article describes the cost of family redemption and trends in employer benefits and the use of health insurance.
Note - For more information or to access the full data set, click here to download the full study, "Health Insurance individual annual Report 2016 funded by the employer. "
what health insurance of the family?
in this article, the health insurance . family is defined as a policy purchased by a particular illness insurance for himself and family members cover family health insurance is purchased through public procurement or on the private market (eg by via a broker, insurance company, or online) for those who buy coverage on government procurement (eg. Healthcare.gov), federal subsidies are available to those who meet certain limits income
If you are a small business employer or work for a small business it. is a good chance that you purchase your own family insurance. This is because today, only about 50 percent of small and medium employers offer employees a health insurance policy for employers. Instead, many small employers offer benefits program to reimburse employees for health insurance policies eligible family
Related -. Adopting individual insurance Employer Health funded
The cost of family health insurance Money
As we have written about in detail last week, the report provides a detailed national profile of how employers and employees use the family health insurance financed by employer today. The results are based on a sample of 2,0 employers and 10,500 participants using the Zane Benefits software during the calendar year 2015? So what about the cost of family health insurance
According to the report:
- The allocation funded through employer offered is $ 426 per month, per employee. This average includes all states and family size.
- The amount of use of the average employee allocation, among all states and family size, is $ 380 per month per employee (a utilization rate of 89%) . As such, the actual employer contribution toward health benefits average $ 380 a month per employee.
- Compared to offer traditional coverage of group health insurance, employers who use family health insurance funded by the employer to save an average of 57% over the comparable, comprehensive health benefits . This gives small employers the ability to pay and, in many cases, improve their offer benefits.
To state by state breakdown of costs and use, download the full report here.
Employer average family size allocation
According to the report, the average benefit is $ 426 per month per employee. Broken down by size of family, the average employer benefits are:
- Single: $ 20 per month
- Single with children: $ 367 per month
- Married: $ 463 per month
- Married with children: $ 581 per month
Conclusion
employers across the country are implement individual health employer-funded insurance solutions as an alternative to traditional group health insurance benefits. With this type of benefit model, the employer has complete control over the amount of benefits offered to employees. On average, the report found the average allocation of employees is $ 426 per month per employee -. With varying amounts of allowance based on family status
What questions do you have about the cost of family health insurance funded by the employer? Download the full report here or leave a question below.
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