By Valerie Bolden-Barrett, HR Dive
January 27, 2017
- United Benefit Advisors (UBA) released its report on the top five best and top five worst states for group health plan costs. Geography, industry and employer size factored largely into the results.
- The top five, or least expensive, states for group health plans are Hawaii, Idaho, Utah, Arkansas and Mississippi. Hawaii, a long-time low-cost state, had a 7% decrease in costs for single coverage. By contrast, New Mexico had a 22% increase in costs for single coverage and a 30% increase in family coverage premiums.
- The bottom five, or most expensive states, for group health plan costs are Alaska, Wyoming, New York, Vermont and New Jersey. Wyoming made the list when monthly premiums rose for single coverage and family coverage from $534 and $1,326, respectively, in 2015 to $662 and $1,453, respectively, in 2016.