The Average Cost of Health Insurance
By: Christina Merhar (Zane Benefits) December 2014
The average cost of health insurance in America varies significantly by how you get your health insurance (ex: through work or on your own) and how much your household earns. Here is a look at the average cost of health insurance in 2014.
The Average Cost of Group Health Insurance
Group health insurance coverage is a type of health policy that is purchased by an employer and is offered to eligible employees of the company, and to eligible dependents of employees. The premium cost is usually split between the employer and employee.
In 2014, the national average cost to cover a single employee is $6,025/year ($502/month). The average cost to cover a family is $16,834/year ($1,402/month).
The cost of group health insurance is generally shared between the employer and employee. For single coverage, employees pay on average $1,080/year ($90/month) and the employer pays $4,945/year ($412/month). For family coverage, employees pay on average $4,824/year ($402/month) and the employer pays $12,010/year ($1,001/month).
