Rising Health Care Costs and What to do About It

It’s not great news for business owners or households around healthcare costs.

A recent report by Kaiser/HRET Employer Health Benefits forecasts that the average family health care plan will cost $18,142, up 3.4% from 2015.

A recent ccn.com story went on to share that overall workers are paying more for healthcare deductibles with single coverage health insurance plan carriers paying $1000 or more in deductibles costs. This represents a 31% increase from 2011.

The big news in 2016 was that Americans are paying more for insurance, pharmaceuticals and doctor appointments. The increased costs late in 2016 represented the biggest increase since 1984.

Until lawmakers and the health industry can work together to create a plan to slow down increasing costs and charges, businesses and individuals will need to plan the best they can for healthcare.

Now is a good time to plan for the year ahead. Our office is happy to meet and discuss strategies for your household or your business. Give us a call.

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