Skip to content
All of our locations will be closed Monday, Jan. 20, in honor of Martin Luther King, Jr. Day. Remember, you can bank anywhere, anytime, with online and mobile banking.
Get Started 863-222-7005

Chart of the Day: 6% Annual Health Cost Increases

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer Oct 11, 2023

Contents

Today’s Chart of the Day comes from Charlie Bilello, @charliebilello on X, and shows the average annual premiums for employer family health coverage. In 2000 it was $6,000. In 2022 it was $22,000. That's a 250% increase, which is just under 6% annually and is why, when doing financial planning, we use a higher inflation figure for healthcare costs.

About the Author

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer
Samuel A. Kiburz, Senior Vice President, Chief Investment Officer

Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

Previous
Chart of the Day: Rule of 72
Next
So, you’ve acquired a large sum of money. Now what?

Leave a Comment

Subscribe to Our Blog

Sign up to receive email notifications of our blogs.

Subscribe to Our Blog

Sign up to receive email notifications of our blogs.