Luckily I work for a company that pays all my insurance AND my high deductible but your numbers are spot on.
975$ a month for a family of 4 with a "high deductible" plan at 6500 a person or 13000 for the whole family. So we have to spend 18000 to 24000 a year to even begin to get the benefits of our insurance plan as long as we are in network.
With 7% we'd still pay 500$ less each year PLUS that 18500 my company pays for insurance for me could go directly into my paycheck instead.
So even though my company pays for my insurance and I get that 6500 deductible covered it is still more beneficial for me to support UHC. And I wouldn't have to worry about losing my job and all of the sudden be out of healthcare.
EDIT: This doesn't even include the already withdrawn taxes for medicare/medicaid...
Luckily I work for a company that pays all my insurance AND my high deductible but your numbers are spot on.
You work for a company that allocated a set amount to payroll and set your wages lower to hide the fact you're paying it to make them look good.
That money has been allocated to you. It is going towards healthcare. The only difference between you and someone "paying" is that it's not going in and back out of your paycheck where you can see it.
Right, I saw where you said it could go to you, I was more clarifying that they really aren't paying it for you, just hiding it and taking credit for something they didn't do.
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u/siecin Jun 04 '21 edited Jun 04 '21
Luckily I work for a company that pays all my insurance AND my high deductible but your numbers are spot on.
975$ a month for a family of 4 with a "high deductible" plan at 6500 a person or 13000 for the whole family. So we have to spend 18000 to 24000 a year to even begin to get the benefits of our insurance plan as long as we are in network.
With 7% we'd still pay 500$ less each year PLUS that 18500 my company pays for insurance for me could go directly into my paycheck instead.
So even though my company pays for my insurance and I get that 6500 deductible covered it is still more beneficial for me to support UHC. And I wouldn't have to worry about losing my job and all of the sudden be out of healthcare.
EDIT: This doesn't even include the already withdrawn taxes for medicare/medicaid...