The CheckPoint HR Blog

Health Insurance Premiums Continue to Rise

Posted by Bill Faughnan on Thu, Nov 17, 2011

A recent study conducted by the CommonWealth Fund found that health insurance premiums rose 63 percent from 2003 to 2010 for American workers. The increase in premiums stems from employers attempting to manage the continuous rise of medical costs by placing the costs on individuals and families.

In 2010, almost three quarters of workers were paying deductibles, adding to their share of premiums. As many workers face a drop in income, the rise of out-of-pocket premiums and care continues to increase. Both employers and employees are dealing with the struggles of rising healthcare costs.

A survey conducted in September of this year found that premiums for employer-sponsored health insurance escalated this year. Rather than dropping coverage, employers are shifting costs to employees. Americans are becoming increasingly worried about having to pay more for health care or health insurance and the cost of health care.

Some small-to-mid-size employers are considering self-insurance for their employees, which can help to control costs. Different from fully-insured plans, with self-insured plans the responsibility of paying for medical claims is shifted from the insurer to the employer. With these plans, employees are not burdened with the rising rates of full-insurance plans and employers have the opportunity to collect claims data, providing them with the information necessary to note where costs are coming from and where money can be better spent. Additionally, this information allows employers to design wellness programs that can be customized to the needs of their employees.

Is your business prepared for the rising costs in health care? Consider reviewing your benefits offerings during this season of open-enrollment. CheckPoint HR can help you rude health care costs, even with a decreasing budget and fewer staff members. For more information on how CheckPoint HR can help transform your human resources spend, visit

Topics: health insurance premiums