With an expected 5.5% rise in health care costs in 2015 – the same year the Affordable Care Act’s employer mandate takes effect – employers have high hopes that spending can be reined through increased employee consumerism.  

Health care costs for mid-sized and large companies have continued their trend upward, reaching 4.4% after plan design changes were realized, finds Aon Hewitt’s latest survey. And next year, when companies with 50 or more employees are required to provide health care coverage for those who work at least 30 hours per week, average health care costs per employee will reach $11,304 and out-of-pocket costs will jump to $2,487 – up 5.5% from 2014, according to data from Aon plc’s talent, retirement and health solutions subsidiary.    

Register or login for access to this item and much more

All Employee Benefit News content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access