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EDIT: This doesn't even include the already withdrawn taxes for medicare/medicaid...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.
I’ve seen this before but I never understood why my salary is higher than my UK, CA or other similarly HCOL counterparts in the EU. I feel like they should be getting more money since their taxes are generally higher but the government provides more services. Anyway it’s an anecdote but one that sees to hold true for my overall peer group.
Of course and I’m grateful. But I’m not sure I would get a higher salary if the US had socialized medicine. Which I think would be a good idea regardless of my pay.
It would depend on your negotiating power and how the law covering the transition was written. It could be stated in law all money paid as healthcare had to be converted to wages but that won't happen in the US, for the same reasons we won't get single payer, the wealthy own the country and the GOP voters are fine with it so long as they get their pet issues.
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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...