Survey: Premiums for employer-sponsored coverage rose 7% on average for second consecutive year

The average annual premium for employer-sponsored family health coverage rose 7% in 2024 to $25,572, according to the latest KFF annual survey. It is the second consecutive year with a 7% increase. For workers who have an annual deductible for single coverage, the 2024 average is $1,787, similar to last year's $1,735 and up 8% from 2019. The survey found that the amount workers pay toward annual premiums has increased less than 5% since 2019, which may be due to a tight labor market.