Health Insurance Premiums Jump 7% to $24,000 for Family Coverage

Premiums for employer-sponsored health insurance rose 7% this year, reaching an average of $24,000 annually for family coverage.

The cost increase for job-based plans was higher than inflation and wage growth.

Workers now pay over $6,500 on average toward family premiums, with employers covering the rest.

Nearly 153 million Americans receive health insurance through an employer.

The average cost for family coverage has risen 22% since 2018 and 47% since 2013.