sales@axelrodinsurance.com
(619) 375-3222 Pay Online
site-logo
  • Our Agency
    • Our Providers
    • Meet Our Team
    • Careers
  • Business Insurance
  • Home & Auto insurance
    • Home Insurance
    • Auto Insurance
    • Other Insurance
  • Employee Benefits
  • Life & Health Insurance
    • Life Insurance
    • Health Insurance
  • Blog/ News
  • Contact Us
featured-blog.jpg

Health Insurance Now Costs More than Groceries

logo-big.png

December 19, 2016 Healthcare, Insurance

The United States now has the dubious distinction of being the only developed nation in the world where the average family with employer-sponsored insurance pays more for health care than it does for groceries.

According to a new report from the 2013 Milliman Medical Index, medical care for a typical family of four with employer-sponsored Health Insurance now costs more than groceries. The report showed that employers are requiring that workers and their families shoulder more of the burden of health care costs as medical expenses continue to rise.

The average family now pays more than $9,000 in out-of-pocket expenses and payroll deductions for their health care, which is more than they typically spend on groceries and gas for an entire year. According to the study, “The out-of-pocket cost alone — $3,600 for co-pays, coinsurance and other cost sharing, is more than the average U.S. household spends on gas in a year.”

Workers across the U.S. have been forced to increase their contributions to their family health plans by nearly 75 percent, even though salaries have stayed at almost the same levels since 2003. Many Americans are trying make up the gap in medical care vs. costs by skipping or trying to stretch out dosages of medication and postponing routine preventative check-ups.

People with chronic conditions or who need expensive treatments or medications are twice as likely to go bankrupt, even if they carry health insurance. Unfortunately, a trip to the emergency room or a catastrophic medical event could result in serious family debt.

It is important to carry the proper amounts and coverage for your needs. We can work with you to make sure your family is covered in the event of medical issues and provide that all-important peace of mind.

For more information, please contact us.

  • Categories
    • Agency News (10)
    • Auto Insurance (3)
    • Business Owners (9)
    • Commercial Auto Insurance (1)
    • Commercial Property (4)
    • Commercial Umbrella Insurance (3)
    • Employee Benefits (1)
    • Employment Practices Liability (4)
    • Health Insurance (1)
    • Healthcare (6)
    • Home Insurance (2)
    • Insurance (15)
    • Liability (7)
    • Life Insurance (1)
    • Liquor Liability (3)
    • Professional Liability (3)
    • Uncategorized (1)
    • Workers Compensation (6)

  • EL CAJON OFFICE
    810 Jamacha Rd #200
    El Cajon, CA 92019

    (619) 375-3222
    (619) 512-3844


    Office Hours:
    Mon - Fri:  9:00am - 5:00pm
    Sat - Sun:  Closed

    Learn How We Can Help

    Work With Us

    Axelrod Insurance Services has all the resources required to compete with any national brokerage, yet maintains the perspective and adaptability of being a privately-held company.

    We invite you to contact us to find out why Axelrod Insurance Services may have the perfect balance you are looking for in a brokerage.

    Read More

    Latest

    What to Consider When Purchasing Employee Benefits

    Whether you have 10 employees or 100, employee benefits should be at the top of your priorities.

    What You Don’t Know about Life Insurance Can Hurt You

    The majority of consumers in the U.S. don’t have enough life insurance.  Many in fact have no life

    Contact

    EL CAJON OFFICE
    810 Jamacha Rd #200
    El Cajon, CA 92019

    P: 619-375-3222
    F: 619-512-3844

    sales@axelrodinsurance.com

    Copyright 2019 © Axelrod Insurance Services. All rights reserved. Privacy Policy