The annual single premium (i.e. employee-only ) rate for health insurance coverage for small businesses (with less than 50 employees) in the North Central region of the United States generally run lower than average rates for similarly sized businesses elsewhere. Data from the most recent (2019) Medical Expenditure Panel Survey, a health-cost related survey conducted by the U.S. Department of Health and Human Services' Agency for Healthcare Research and Quality, reveals the following about yearly small business employee-only health premium costs in the North Central states and nationally:
| All Businesses with | Businesses with | Businesses with | |
| State | under 50 Employees | 10 to 24 Employees | under 10 Employees |
| IA | $5,989 | $5,982 | $6,159 |
| KS | $5,907 | $5,215 | $6,457 |
| MN | $6,419 | $6,402 | $7,284 |
| MO | $6,366 | $5,825 | $6,262 |
| NE | $6,402 | $6,470 | $6,456 |
| ND | $6,864 | $7,428 | $6,670 |
| SD | $6,903 | $7,483 | $6,970 |
| 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
I always check this type of advisory post and I found your article which is related to my interest. This is a great way to increase knowledge for us health care pricing Miami. Thanks for sharing an article like this.
ReplyDeleteread more here
ReplyDeleteReally nice and interesting post. I was looking for this kind of information and enjoyed reading this one.