Average Family Medical Insurance Cost - Over $20,000 Annually

Among the most expensive contributing factors are; outpatient costs, hospital inpatient care, physician costs and emergency room care. Each year that goes by means larger co-pays, deductibles and overall out-of-pocket costs for families as employers attempt to find some way to mitigate the ever rising cost of care. The evidence is there that the need for health care reform exists and has existed for 30 years, yet the nation still awaits the full impact of the Patient Protection and Affordable Care Act (PPACA). We need to pay attention to how we solve this problem. Please start by visiting the following link to review the PPACA interactive timeline:

http://ebn.benefitnews.com/health-care-reform/timeline.html?mstr_chnnl=ebn_health_care_reform

Most employees would be surprised to hear these figures because they are insulated from the true costs associated with the health care they receive. Many employers have chosen to communicate the full cost of the health care benefit they provide by illustrating the cost sharing through the disbursement of individual, confidential benefit statements. These benefit statements show the employee exactly how much it costs their employer to provide this type of benefit for them and how much, in essence, the employee's true total compensation amount is.