Health Benefits Cost 8.8% Of Payroll Says Survey
NU Online News Service, Aug. 19, 11:54 a.m. EDT – Employer costs for health benefits now account for 8.8% of payroll expenses at U.S. large and midsize employers, up from 7.3% in 2000, according to the Hay Group Inc., Philadelphia.
Hay surveyed 1,000 U.S. companies and found that their health insurance premiums rose an average 15% this year, even after adjusting for benefit reductions.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
