Health Insurance Premiums Rise for Northeast Ohio Employers
A 2010 survey released by ERC reports that on average, Northeast Ohio employers’ health insurance premiums rose 15.2% in 2010. In terms of industry differences, local non-profit organizations saw the lowest average percent increase in health insurance premium, while manufacturing organizations reported the highest average percent increase.
The survey also shows that the average percent of health insurance premium that employers plan to contribute in 2011 is 75%, and the average percent of health insurance premium that employees will be required to contribute in 2011 is 26%. Several employers have raised co-pay amounts (19%), annual deductibles (31%), and employee contributions (32%) to cope with rising costs, but many respondents (43%) have also not increased these.
Average percent of employer and employee contributions to health insurance premiums and average percent increase in premium
To download the results of ERC’s Health Care & Wellness Practices Survey, which summarizes trends in health care and wellness practices among 90 local Northeast Ohio employers, please click here.