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Here is something to mention when discussing cost and benefit trends with clients in the month ahead. The average annual premium for employer-sponsored health insurance in 2023 is $8,435 for single coverage and $23,968 for family coverage. The average annual single premium and the average annual family premium each increased by 7% over the last year. Comparatively, there was an increase of 5.2% in workers’ wages and inflation of 5.8%2. The average single and family premiums increased faster this year than last year (2% vs. 7% and 1% vs. 7% respectively). Source: Kaiser Family Foundation, “2023 Employer Health Benefits Survey,” October 18, 2023. Available online at: https://www.kff.org/report-section/ehbs-2023-section-1-cost-of-health-insurance/ The Big Three Each month GPAHU identifies three top public policy or legal developments that could impact our members and clients. Here are this month’s big three! The Pennsylvania Department of Insurance (PID) released Bulletin 2023-16, on November 4, 2023 The Pennsylvania Department of Insurance (PID) released Bulletin 2023-16, on November 4, 2023, which establishes that in order to meet mental health parity requirements, all commercial health insurers in the Commonwealth offering fully-insured major medical coverage that includes any autism service benefits must provide complete coverage for autism spectrum disorders no later than … Read More