Skip to content

Plan Today. Protect Tomorrow. Attend an Educational Estate-Planning Seminar.

We will be closed Monday, January 19, in observance of Dr. Martin Luther King, Jr. Day.

Production of the U.S. penny has officially ended. Learn what this means for you.

Get Started 863-222-7005

Chart of the Day: 6% Annual Health Cost Increases

Crews Bank & Trust Wealth Management Services Oct 11, 2023
chart shows rapid increase in healthcare costs from 2006 to 2022

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.
Chart of the Day

About the Author

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

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
Chart of the Day: Investing vs. Gambling

Subscribe to Our Blog

Sign up to receive email notifications of our blogs.