While your employer is still shouldering most of your health insurance expenses, you'll probably pay more money in 2020. That's because workers are on the hook for their share of premiums, as well as deductibles, copays and more.
Large employers predict the total cost of covering health insurance for workers and their families will hit an average of $15,375 in 2020, an increase of 5%, according to a survey by the National Business Group on Health.
While employers will cover close to 70% of costs, workers will cover about $4,500 in expenses, according to the survey.Employers and workers will shell out more cash for health insurance in 2020. This figure combines workers' and employers' spending on insurance. Employees are expected to shoulder about $4,500 in costs next year, including out-of-pocket spending, the group found.
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