Vital Signs - Employer Healthcare Insights

How much does corporate health care cost?

Next to wages, your organization will spend more on healthcare costs than nearly any other expense this year. In fact, the Society for Human Resources Management predicts that employers will shell out as much as $15,000 per year per employee for healthcare premiums in 2019. That comes to $15 million a year for every one thousand employees. In an organization paying an average annual salary of $40,000, employers can expect to pay 137% of that salary when they include the cost of healthcare - and even more when they consider the other expenses associated with a new hire.

According to 2018 research conducted by The Kaiser Family Foundation, employers contribute an average of $14,069 per year, per employee for family health insurance coverage. This has increased by a surprising 50% since 2010, when the average employer contribution to a family plan was $9,325.