Exhibit 3.1: Average Annual Premiums for Covered Workers for Single and Family Coverage, by Plan Type, 2005
Annual private employer-sponsored insurance premiums averaged $4,024 for single coverage and $10,880 for family coverage in 2005. Preferred Provider Organization (PPO) coverage was the most expensive coverage for both single ($4,150) and family ($11,090) options. At $3,767, Health Maintenance Organization (HMO) coverage was the least costly choice for single coverage and about 9% less than PPO coverage. Conventional coverage is the least costly family coverage, about 10% less than PPO coverage.
*Estimate of total premium is statistically different from All Plans by coverage type shown at p<.05.
Note: Family coverage is defined as health coverage for a family of four.
Source: Kaiser/HRET Survey of Employer-Sponsored Health Benefits, 1999-2005. From Exhibit 6.3, at http://www.kff.org/insurance/7315/sections/ehbs05-6-3.cfm.
