And healthcare costs have been increasing.
Kaiser Family
The Kaiser Family Foundation, a nonpartisan think tank addressing health policy issues, released its annual Employer Health Benefits Survey in September and looked at the cost of insurance for Americans.
It found that in 2016, 83% of workers have a deductible — an amount that they have to pay themselves for medical care before insurance covers it — with an average of $1,478. The average deductible for workers has gone up $486, or 49%, since 2011.
Additionally, the survey found that 51% of workers have a deductible over $1,000 — the first time this has happened since the survey began in 1999.
“We’re seeing premiums rising at historically slow rates, which helps workers and employers alike, but it’s made possible in part by the more rapid rise in the deductibles workers must pay,” Drew Altman, CEO of Kaiser, said in a release accompanying the survey.
This means Americans aren’t paying too much more on a monthly basis, but when they get sick they have to pay more out of pocket.