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1HCMS Group | Copyright 2015, All Rights Reserved | Confidential
Wages|Healthcare Study
2013 - 2014
May 2016
2HCMS Group | Copyright 2015, All Rights Reserved | Confidential
• Population: Employees (+ dependents) who were employed ...
3HCMS Group | Copyright 2015, All Rights Reserved | Confidential
Healthcare Costs vs Wages
by Income Level
0.5%
4.3% 4.2%
...
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10 2 study results

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Study of wages and healthcare costs shows how 10% annual increases in medical costs hold raises to 2% or less for many employees.

Published in: Healthcare
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10 2 study results

  1. 1. 1HCMS Group | Copyright 2015, All Rights Reserved | Confidential Wages|Healthcare Study 2013 - 2014 May 2016
  2. 2. 2HCMS Group | Copyright 2015, All Rights Reserved | Confidential • Population: Employees (+ dependents) who were employed and continuously enrolled in a health plan for the two years of Jan 1, 2013 - Dec 31, 2014 • Cost Calculation: Average health plan cost includes employer and employee costs for medical and pharmacy services Healthcare Costs vs Wages by Income Level Average Salary $24,599 $24,723 0.5% Average Health Plan Cost $4,793 $5,590 16.6% Average Salary $47,721 $49,754 4.3% Average Health Plan Cost $7,329 $8,241 12.5% Average Salary $123,367 $128,609 4.2% Average Health Plan Cost $12,494 $13,516 8.2% 2013 2014 Percent Change Over $80,000 Income Level Under $30,000 $30,000 - $80,000 Wages and Health Plan Costs
  3. 3. 3HCMS Group | Copyright 2015, All Rights Reserved | Confidential Healthcare Costs vs Wages by Income Level 0.5% 4.3% 4.2% 16.6% 12.5% 8.2% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% Under $30,000 $30,000-$80,000 Over $80,000 Increasing Employee Wages and Health Plan Costs 2013 to 2014 Average Salary Average Health Plan Cost

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