There’s no getting around it – employers pay a hefty sum to provide health care benefits for their employees.
The average private-sector employer spends an average of $2.65 per hour, per employee, for health-insurance costs, according to Sept. 2020 data from the U.S. Bureau of Labor Statistics (BLS).
These aren’t low numbers. And the smaller a company is, the more consequential these numbers get.
The worst part: these costs tend to rise. Every. Single. Year.
In 2021, employer expenses for health insurance are expected to rise by 3.9 percent, according to Mercer’s National Survey of Employer-Sponsored Health Plans. This