Health insurance premiums, which largely remained unchanged this year compared to 2021, might rise significantly in 2023 due to inflation, according to a survey by the Kaiser Family Foundation (KFF).
Annual family premiums for employer-sponsored health insurance are calculated to average $22,463 in 2022, which is just over a 1 percent increase from last year’s $22,221, according to a press release on Oct. 27. Workers were found to be contributing an average of $6,106 per year toward the cost of family premiums, with the rest being paid by employers. According to KFF president and CEO Drew Altman, a sharp rise in premiums might be incoming.
“Employers are already concerned about what they pay for health premiums, but this could be the calm before the storm, as recent inflation suggests that larger increases are imminent,” he said, according to the release….