Rising Healthcare Insurance Cost

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Survey shows rising health insurance costs

A recent survey of 3017 randomly selected public and private companies revealed that the cost of health insurance provided by employers rose 11.2% in 2004. Costs are expected to rise again in 2005, according to the survey conducted by the Kaiser Family Foundation.

The survey also found that employees contributed an average of $558 to the total annual insurance cost of $3,695 for single coverage and $2,661 to the $9,950 cost for family coverage.

Companies are trying to find ways to contain health insurance costs, including providing incentives to their workers to stay healthy. Wellness programs, financial rewards or prizes for exercising, eating right, and getting checkups are some of the methods employers use to keep workers healthier and health costs down.

Huddleston Tax CPAs of Seattle & Bellevue
Certified Public Accountants Focused on Small Business

(800) 376-1785
40 Lake Bellevue Suite 100, Bellevue, WA 98005

Huddleston Tax CPAs & accountants provide tax preparation, tax planning, business coaching, Quickbooks consulting, bookkeeping, payroll and business valuation services for small business. We serve Seattle, Bellevue, Redmond, Tacoma, Everett, Kent, Kirkland, Bothell, Lynnwood, Mill Creek, Shoreline, Kenmore, Lake Forest Park, Mountlake Terrace, Renton, Tukwila, Federal Way, Burien, Mercer Island, West Seattle, Auburn, Snohomish, Mukilteo, Seatac, Des Moines, Woodinville, Edmonds, Sammamish and Issaquah. We have a few meeting locations. Call to meet John Huddleston, J.D., LL.M., CPA, Lance Hulbert, CPA, Grace Lee-Choi, CPA, Jennifer Zhou, CPA, or Jessica Chisholm, CPA. Member WSCPA.