Expertly Compare Employer Health Insurance Plans Effortlessly

Evaluating Costs and Benefits

When comparing health insurance plans, it's essential to consider both the costs and benefits. Premiums, deductibles, co-pays, and out-of-pocket maximums are crucial factors that influence the financial aspect of the plans. Additionally, the breadth of the provider network, coverage for prescription drugs, and wellness incentives can significantly impact the overall value of the plan.

According to a recent survey, the average annual premium for employer-sponsored family health coverage was $21,342 in 2020, with workers contributing $5,588 on average¹. Understanding these figures can help you set realistic expectations and budget accordingly.