Between tariffs, fuel prices, and the rising cost of goods and services, it’s arguably more expensive than ever to run a company.
But the most notable challenge to businesses large and small is the ever-increasing cost of employer-sponsored health insurance.
According to the Henry J Kaiser Family Foundation, the average US employer’s yearly health insurance contribution has risen to almost $5,000 per employee, and almost $14,000 per family. If that’s not disconcerting enough, Entrepreneur Magazine wrote that this 50% premium increase over a 10-year period shows no signs of slowing down.
It’s important to note that these figures merely represent a nationwide average. As a business leader or HR professional, you know that if your company sees a spike in insurance claims among your employees, you will likely pay much more than the national average.
And the costs don’t end with