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Widely varying benefit costs influence business strategy across U.S.

Monday, March 6, 2017/Categories: Employee Benefit Adviser

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By Bruce Shutan, Employee Benefit Advisor

March 1, 2017—Alaska and Hawaii aren’t just separate from the 48 contiguous states; they’re also ground zero for the most expensive and affordable employer-sponsored health insurance, respectively, according to a survey of more than 11,000 employers by United Benefit Advisors.

Rounding out a list of the five most costly states are Wyoming, New York, Vermont and New Jersey, while Idaho, Utah, Arkansas and Mississippi are the five least expensive.

There was a nearly 7% decrease in the cost of single coverage in Hawaii last year, but in New Mexico, monthly premium costs soared 22% for individuals and almost 30% for families, according to UBA’s 2016 Health Plan Survey.

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