Health Insurance: By The Numbers

Medical Costs increase higher than inflation. Projected trend (increase) for medical expenses in 2019: 6%*

• 10.1 – Percent of income families spend on medical premiums and deductibles per year**

• $6,519 and $18,454 – Average annual cost of a single or family plan respectively for a MA resident**

• 95 – Percent of MA residents that have health insurance coverage**

• 10.3 – Percent increase of outpatient Prescription costs for those under age of 65

The Bulfinch Group can help advise your small business on how to curb these expenses***.

Sources:

*https://www.pwc.com/us/en/health-industries/health-research-institute/behind-the-numbers.html

**https://www.masslive.com/news/index.ssf/2016/10/health_insurance_eating_up_gre.html

***https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/2018-health-plan-premiums-forecast.aspx

2015-8471

Gracio Garcia is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS) 160 Gould Street, Suite 310, Needham, MA 02494, (781) 449-4402. Securities products/services and advisory services are offered through PAS, a registered broker-dealer and investment advisor. Field Representative, The Guardian Life Insurance Company of America (Guardian), New York, NY. PAS is an indirect, wholly owned subsidiary of Guardian. The Bulfinch Group is not an affiliate or subsidiary of PAS or Guardian. Life insurance offered through The Bulfinch Group Insurance Agency, LLC, an affiliate of The Bulfinch Group, LLC. The Bulfinch Group, LLC is not licensed to sell insurance.

PAS is a member FINRA, SIPC. 2016-28749. Exp 9/18