The astonishing statistic for me was the steady increase in the cost for a family of four from 2002 to 2006. In 2002 medical costs were $9,235 with a steady increase of between $900 to $1,100 per year. Even though most peoples incomes did not go up their medical costs climbed.
Of that $13,382 the employer will pay $8,362 (62%), and the employee pays about $5,020 (38%), $2,810 in payroll deductions and $2,210 in cost sharing according to the study.
Depending on where you live will also dictate your medical costs. Out of the following cities, Dallas, Atlanta, Washington D.C., Los Angeles, New York and Chicago Dallas is the cheapest average medical costs for a family of four at $12,980 with New York reaching $15,255.
If you are a family of four do your medical costs fall into line with these numbers?
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