ResourcesSmall Business Health Care Hub by JPMorganChase
Understanding the drivers of health care costs
Why does health insurance keep getting more expensive?
Explore the cost drivers behind your premiums—and what you can do about them.
Employee affordability is affected by many factors
Premiums
The amount that an individual or employer pays to maintain health care coverage. Businesses will determine how they split costs with employees.
Deductibles
The amount an employee pays for covered health care services before their insurance starts to pay. Some plans have separate deductibles for medical services and prescription drugs.
Out-of-pocket maximums
The maximum amount an employee will pay for covered services in a plan year. This does not include the amount of premium that is paid.
Copayment and coinsurance
Businesses also share costs with employees through copayments and coinsurance, or costs owed after meeting deductibles.
Why is health care in the U.S. so expensive?
with Michelle Basta, Vice President
Helpful Links Covered:
How health care costs are translated into premiums
with Bea Capistrant, Vice President
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