Family health insurance premiums soared 467% from $4,227 in 1999 to $23,968 in 2023.
The soaring cost of family health insurance is striking. In 2023, the average annual premium for family coverage hit $23,968, a staggering 467% increase from the 1999 premium of just $4,227. That’s almost a 500% jump in less than 25 years. Year Average Premium ($) Percentage Increase (%) 1999 4,227 – 2000 4,561 7.9 2001 5,269 15.5 2002 6,019 …