2020 Employer Health Benefits Annual Survey
Each year, the Kaiser Family Foundation and the Health Research & Educational Trust conduct a survey to examine employer-sponsored health benefits trends.
This annual survey of employers provides a detailed look at trends in employer-sponsored health coverage, including premiums, employee contributions, cost-sharing provisions, offer rates, wellness programs, and employer practices. The 2020 survey included 1,765 interviews with non-federal public and private firms.
Plan Enrollment Trends
The following were the most common plan types in 2020:
Preferred provider organizations (PPOs)—47% of workers covered
High deductible health plans with a savings option (HDHP/SOs)— 31% of workers covered
Health maintenance organizations (HMOs)—13% of workers covered
Point-of-service (POS) plans—8% of workers covered
Health Insurance Premiums
The average premium rose 4% for both single and family coverage over the past year—around $7,470 and $21,342 respectively.
Workers contributed $1,243 and $5,588 toward their premiums for single and family coverage, respectively.
Self-funded plan enrollment increased over the past year, with 23% of workers with small employers enrolled in either a partially or entirely self-funded plan, compared to 84% of workers with large employers.
Contact RCB & Associates, LLC for more information on benefits offerings or what you can do to control your health care costs.