The annual employee-only premium (i.e. single premium) rate for health insurance coverage for small businesses (with less than 50 employees) in the Mid-Atlantic states typically run above national average rates for similarly sized businesses. Data from the most recent (2019) Medical Expenditure Panel Survey, a survey conducted by the U.S. Department of Health and Human Services' Agency for Healthcare Research and Quality, details the following about yearly small business employee-only health premium costs in the Mid-Atlantic states and nationally:
All Businesses with | Businesses with | Businesses with | |
State | under 50 Employees | 10 to 24 Employees | under 10 Employees |
NJ | $7,785 | $8,880 | $7,678 |
NY | $8,253 | $7,844 | $8,823 |
PA | $7,268 | $6,909 | $8,045 |
U.S. | $6,920 | $6,892 | $7,528 |
Source: Medical Expenditure Panel Survey Table II.C.1 - Average total single premium (in dollars) per enrolled employee at private-sector establishments that offer health insurance by firm size and State: United States, 2019
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