Thursday, March 18, 2021

Small Business Employee-Only Health Premium Costs in the South Central U.S.

The annual employee-only premium (i.e. single premium) cost for small business (fewer than 50 employees) health insurance coverage in the South Central U.S. generally runs lower than the national average cost for similarly sized businesses. Data from the 2019 Medical Expenditure Panel Survey, the most recent survey conducted by the U.S. Department of Health and Human Services' Agency for Healthcare Research and Quality to capture health insurance cost data, reveals the following about yearly small business employee-only health premium costs in the South Central U.S. region and nationally:

All Businesses with Businesses with Businesses with
State under 50 Employees 10 to 24 Employees under 10 Employees
AL $6,420 $6,408 $6,845
AR $5,545 $6,316 $6,340
KY $6,697 $7,080 $8,603
LA $7,402 $7,000 $7,588
MS $6,885 $7,868 N/A
OK $6,381 $6,551 N/A
TN $6,221 $6,474 $6,812
TX $6,974 $6,568 $8,289
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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