Newspaper article The Record (Bergen County, NJ)

Employers Shift Cost of Health Insurance

Newspaper article The Record (Bergen County, NJ)

Employers Shift Cost of Health Insurance

Article excerpt

New Jersey workers are paying a larger share of their health insurance costs than they did two years ago, according to a new survey by the New Jersey Business and Industry Association.

Workers are paying, on average, 26 percent of their health insurance premiums, up from 21 percent in 2014, the last time NJBIA conducted a survey on health benefits. That has helped employers keep their spending on health care roughly flat, even as they report an overall rise of 10.5 percent in the cost of health care.

Overall, employers reported spending an average $7,044 per year for employee-only plans and $17,580 for family coverage.

Virtually all employers with at least 25 workers offer health insurance, saying it's important to recruit and keep workers. However, only 76 percent of small employers, with fewer than 25 workers, offer benefits. …

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