SECTION1. COSTOFHEALTHINSURANCE Section1 CostofHealthInsurance Theaverageannualpremiumsin2017are$6,690forsinglecoverageand$18,764forfamilycoverage. Theaveragepremium for single coverage increased by 4%since2016andtheaveragepremiumforfamilycoverageincreasedby3%. Theaverage familypremiumhasincreased55%since2007and19%since2012. Theaveragefamilypremiumforcoveredworkersinsmall firms(3-199workers)($17,615)issignificantlylowerthanaveragefamilypremiumsforworkersinlargefirms(200ormore workers)($19,235). PREMIUMCOSTSFORSINGLEANDFAMILYCOVERAGE • Theaveragepremiumforsinglecoveragein2017is$6,690peryear. Theaveragepremiumforfamilycoverageis$18,764 peryear[Figure1.1]. • Theaverageannualpremiumforfamilycoverageforcoveredworkersinsmallfirms($17,615)islowerthantheaverage premiumforcoveredworkersinlargefirms($19,235)[Figure1.2]. • TheaverageannualpremiumsforcoveredworkersinHDHP/SOsarelowerforsinglecoverage($6,024)andfamily coverage($17,581)thanoverallaveragepremiums. TheaveragepremiumsforcoveredworkersenrolledinPPOplans arehigherforsingle($6,965)andfamilycoverage($19,481)thantheoverallplanaverage[Figure1.1]. • TheaveragepremiumsforcoveredworkersarelowerintheSouth($6,372forsinglecoverageand$18,038forfamily coverage)thantheaveragepremiumsforcoveredworkersinallotherregions. Theaveragepremiumforfamily coverageforcoveredworkersintheNortheast($20,092)ishigherthantheaveragefamilypremiumforcoveredworkers in all other regions [Figure 1.3]. • Theaveragepremiumsforcoveredworkersvaryacrossindustries,withthoseintheretailindustrybeingparticularlylow ($5,716forsinglecoverageand$16,920forfamilycoverage)[Figure1.4]. • Theaveragepremiumsforcoveredworkersinfirmswitharelativelylargeshareofyoungerworkers(whereatleast35% of the workersareage26oryounger)arelowerthantheaveragepremiumsforcoveredworkersinfirmswithasmaller shareofyoungerworkers($5,922vs. $6,762forsinglecoverageand$16,893vs. $18,939forfamilycoverage)[Figures1.5 and1.6]. • Premiumsalsovarybyfirmwagelevel. Theaveragepremiumsforcoveredworkersinfirmswitharelativelylargeshare of lower-wageworkers(whereatleast35%ofworkersearn$24,000ayearorless)arelessthantheaveragepremiums at firmswithasmallershareoflower-wageworkers($6,035vs. $6,739forsinglecoverageand$16,376vs. $18,942for familycoverage)[Figures1.5and1.6]. • Theaveragepremiumsforcoveredworkersinfirmswithatleastsomeunionworkersarehigherthantheaverage premiumsforcoveredworkersinfirmswithoutunionworkers($7,183vs. $6,434forsinglecoverageand$19,885vs. $18,177forfamilycoverage)[Figures1.5and1.6]. • Thereisalsovariationinpremiumsbytypeoffirmownership. Forbothsingleandfamilycoverage,coveredworkers at private for-profit firms have lower average annual premiumsthancoveredworkersatpublicfirmsorprivate not-for-profit firms[Figures1.5and1.6]. The Kaiser Family Foundation and Health Research & Educational Trust / Page 25