Monday, March 8, 2021

Small Business Employee-Only Health Premium Costs in the Mid-Atlantic States

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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