Iowans who get health insurance at work are paying more for it. A new study by a firm in Clive shows premiums are up 7.1% from last year.
The firm has conducted the survey for 20 years. In that time, premiums for employer health insurance are up more than 240-percent. That is much faster than increases inflation or income. Dan Walterman, owner of Premier Health Insurance of Iowa says that’s not surprising and lines up with rising healthcare costs.
The study looked at nearly 1,000 employers. On average, employees now pay $109 a month for employee-only coverage. That’s about the same as last year.
Families saw the biggest increase, paying an average of $483 per month, 10% more than last year.