Direct Spending on Healthcare
A family of four in better health with a $100,000 income and individual market or exchange coverage spends $20,850 per year (21% of their income) on health. This includes $5,500 (6% of their income) in out-of-pocket health spending, $10,450 (10% of their income) in health insurance premiums, and approximately $4,900 (5% of their income) in state and federal taxes that fund health programs.
Additional Contributions by Employer
In this scenario, we estimate that the employer is contributing an additional $1,450 in Medicare payroll taxes, not shown in the chart above.