Released: September 14, 2007

Check health coverage at open enrollment

Source: Kimberly Lankford, Kiplinger's Personal Finance

I read a report in the news that said the average cost of employer-sponsored health insurance rose by 6.1% over the past year. What will this mean for me during open-enrollment season?

That figure was announced by the Kaiser Family Foundation and Health Research and Educational Trust, which conduct an annual survey of employer-sponsored health coverage. That 6.1% increase is the slowest rate of premium growth since 1999.

But it’s still not a good-news story when you look at the cumulative increases: Since 2001, premiums for family coverage have increased by 78%, while wages have risen by only 19% and inflation has gone up by 17%. 

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