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A new report from the Kaiser Family Foundation found that average annual costs for a family increased by nearly five percent to $ 20,576, with employees contributing around $ 6,000 (file image)

The cost of a family-provided health insurance policy for a family is now more than $ 20,000 a year, according to a new survey.

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Researchers discovered that the average cost for an annual family premium increased nearly five percent from last year to $ 20,576, rising faster than wage growth and inflation.

While employers paid most of the costs, with employees contributing around $ 6,000, this only covers premiums and not other costs, including deductibles or co-payments.

The majority of Americans under the age of 65, roughly 153 million people, receive health insurance for their work.

But the authors of the report, according to the non-profit health research organization, the Kaiser Family Foundation, the rising costs of premiums can force people to choose plans that cover less or completely abandon insurance.

A new report from the Kaiser Family Foundation found that average annual costs for a family increased by nearly five percent to $ 20,576, with employees contributing around $ 6,000 (file image)

A new report from the Kaiser Family Foundation found that average annual costs for a family increased by nearly five percent to $ 20,576, with employees contributing around $ 6,000 (file image)

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Far behind the 5 percent growth in insurance premiums, wages and inflation rose 3.4 percent and two percent respectively.

In the US, the average family income was $ 61,822 in 2018, according to the US Census Bureau.

& # 39; The biggest health care problem for most Americans is that their health costs grow much faster than their wages, & # 39; said Drew Altman, CEO of the Kaiser Family Foundation, in a statement.

& # 39; The costs are priceless when employees who earn $ 25,000 a year have to pay $ 7,000 a year just for their share in family premiums. & # 39;

For the survey, the team recruited 2,000 human resource and benefit managers from companies with at least three employees.

The survey included questions such as the costs of health insurance, coverage, type of registration, premium contributions and prescription benefits.

Researchers discovered that 82 percent of employees have a deductible in their plan, an increase of 63 percent just 10 years ago.

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Over the past decade, the deductibles have risen faster than the premiums.

For one person, the average deductible was $ 1,655 compared to $ 826 in 2009.

The survey also found that employees with a lower wage, defined as earning $ 25,000 or less per year, faced some of the biggest challenges when it came to employer-provided insurance.

Among companies offering benefits, employers with lower wages had to contribute on average around 40 percent to premiums.

Because employees at low-wage companies a annual family contribution of $ 7,047, fewer employees took employer's health benefits.

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& # 39; Employer-sponsored coverage is not cheap for employers or employees & # 39 ;, said lead author Gary Claxton, senior vice president at the Kaiser Family Foundation.

& # 39; (M) Anyone who works for low-wage or small businesses is likely to find it too expensive to cover their families. & # 39;

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