Washington D.C. - If you were to look at your salary over the past few years and compare it to the cost of healthcare, along with the rate of inflation, you will likely discover that your health insurance costs are way above anything else.
A recent survey of 2,000 employers found that the average family's health insurance plan now costs about $16,000 and workers pay more than a quarter of that, which works out to be an average of $4,565 toward that cost, not counting co-pays and deductibles. The research was put together by the Kaiser Family Foundation and the Health Research & Educational Trust.
Workers wages increased 1.8 percent on average, while general inflation rose 1.1 percent. But the average cost of a single employee's insurance premiums rose 5 percent.
So, pay increases and inflation is not keeping up with the rising cost of healthcare.
If you look at it from a more long-term approach, since 1999, health insurance premiums have nearly quadrupled. They're up 196 percent. And since that same year, wages have only grown an average of 50 percent.
The survey also found that 38 percent of all workers with single health insurance had at least a $1,000 annual deductible, while nearly 31 percent had deductibles of at least $2,000.
Some employers are offering financial incentives to workers who participate in wellness programs, including getting flu shots and checking blood pressure.