The cost of important health insurance components, like deductibles and out-of-pocket maximums, has risen at a more muted pace in recent years.
Employer-sponsored health plans have many moving parts that can affect workers' wallets. For example, workers get premiums deducted from each paycheck. Visiting the doctor generally comes with cost-sharing, like co-payments, deductibles and out-of-pocket maximums.to KFF, a nonprofit health-care data provider. They increased by an equivalent amount from 2013 to 2018, but had swelled by 39% from 2008 to 2013.
In 2023, 13% of single workers have an out-of-pocket maximum of less than $2,000, while 21% of these workers have one above $6,000, KFF said. That's hardly changed in the past five years.However, the dynamic changed a lot during the prior five-year period. In 2013, 29% of workers had an out-of-pocket maximum below $2,000, while only 4% had one of $6,000 or more, according to KFF.
One in four employers report being highly concerned about the affordability of cost-sharing within their health plans, according to KFF.