The pandemic has given employers a chance to reevaluate the way they design and implement their healthcare benefits, and organizations are taking their employees’ individual needs into greater consideration.
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Health insurance is the second largest expense for employers, after salaries. In 2020 the average annual premiums for employer-sponsored health insurance were $7,470 for single coverage and $21,342 for family coverage, according to research from the Kaiser Family Foundation. Both coverages increased by an average of 4% over the year, while employee wages only rose by 3.4%, according to the KFF research.
