The affordability of employer-sponsored health insurance varies significantly by household income, according to a report from the Peterson-KFF Health System tracker.
Average employer-sponsored insurance premiums have increased by 24% over the past five years, though deductibles have remained steady, according to KFF.
The report, published June 30, is based on data from the Current Population Survey, conducted by the Census Bureau and the Bureau of Labor Statistics.
Here are five things to know:
- In 2024, Americans spent around 4% of family income on health insurance premium contributions and out-of-pocket costs.
- Among those with incomes below 200% of the federal poverty line, 9.6% of household income went toward premiums and out-of-pocket expenses. Premiums accounted for around two-thirds of these expenses.
- Households earning 400% or more of the federal poverty level spent 3.4% of household income on premiums and out-of-pocket costs in 2024.
- Among households with at least one family member in fair or poor health, healthcare costs were higher — these households spent nearly 6% of their household income on healthcare costs in 2024.
- Families earning less than 200% of the federal poverty level with at least one family member in fair or poor health spent nearly 12% of their income on premiums and out-of-pocket costs in 2024.
Read the full report here.