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Thursday, August 14, 2014

A Look At The Typical State Employee Health Plan: Full Breakdown By State

According to a new report by the Pew Trust, states in the US collectively spent $31 billion to insure 2.7 million employee households in 2013, an uptick in spending from 2011 and 2012 after adjusting for inflation. The average per-employee per-month premium for employees’ and dependents’ coverage was $963. States paid $808 (84 percent) of the total on average, and employees covered the remaining $155 (16 percent). However, this average masks sharp differences across the states, due to factors such as plan richness, average household size, provider price and physician practice patterns, as well as the age and health status of enrollees.

Some of the key findings:

Insutring Households: $31 billion was spent on state employee health plans by states in 2013

Premiums: 3/1 was the ratio between the highest and lowest per-employee state health plan premium in 2013

Actuarial Value: 92 percent was the average percentage of costs covered by state health plans in 2013

Deductibles: 76 percent of state employees enrolled in plans with an annual deductible of less than $500 in 2013

Early Retirees: 29 states enroll pre-65 retirees in health plans at the same premium rate as active employees

2 comments:

Anonymous said...

Dang. If I could stomach working for the state, I could cover my entire family for what I spend just on individual coverage. Why do they always claim to be underpaid?

Anonymous said...

12:41 Fill out the application, pass the background test, pass the interview and take the drug test and submit a list of non-relatives to vouch for your character. See if you qualify.