Even with insurance, health costs can be a financial burden. In 2023, 23% of adults had major, unexpected medical bills to pay. Source: Federal Reserve, 2024 (2023 data, most current available) A Bitter Pill Health-care costs for the typical American family of four with employer coverage reached $32,066 in 2024. The family’s share amounted to $12,818 in payroll deductions and out-of-pocket expenses— more than the family would spend on groceries. Source: Milliman Medical Index, 2024 2022 2023 2024 $29,424 $31,065 $32,066 Annual health-care costs for a family of four
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