6 ms·

I understand SF folks are paying $500-1,000/mo for healthcare?

by fouc 7y ago

nitrogen 7y ago
Not at high-paying tech companies, those usually cover most or all of insurance.
- klipt 7y ago
  You're still paying for it, but like payroll taxes it comes out of your salary before you even see it which makes people think it's "free".
  - umeshunni 7y ago
    Sure, and if you live in Canada, you're explicitly paying for healthcare in the form of high taxes.
    - klipt 7y ago
      Probably lower than what Americans pay (between 2.9%-3.8% Medicare tax plus insurance premiums). America's healthcare system is really bloated and inefficient compared to developed countries.
    - dragonwriter 7y ago
      > Sure, and if you live in Canada, you're explicitly paying for healthcare in the form of high taxes. You mean, “the United States”, not Canada, right? The US pays more (not just per capita, but as a share of GDP, and thus would need higher taxes to pay for it) out of public funds for healthcare than Canada does. See, e.g., https://www.healthsystemtracker.org/chart-collection/health-spending-u-s-compare-countries/#item-u-s-similar-public-spending-private-sector-spending-triple-comparable-countries https://www.healthsystemtracker.org/chart-collection/health-... The US, unlike Canada, also pays a bit more in private funds on healthcare than it does in private funds.
filoleg 7y ago
If they are working in tech, their employer either pays for it fully or subsidizes it to the point where the person just pay something nominal like $50-100/mo, and it is not counted as their salary. So people usually don’t include that when saying how much they make, because they typically dont even actually know or care how much their employer pays for it (at my place of work you actually have to go pretty deep into the HR portal to look it up).
briandear 7y ago
Not even close. I pay a $250 premium for my family of 6, my employer pays the rest. My health coverage is worth $24,000 per year if I paid out of pocket — with the SV salary differential between Canada and Silicon Valley, I am still coming out much further ahead even if I had to pay 100% of my own insurance.
toephu2 7y ago
Most FANG tech workers pay $0/month for healthcare.
refurb 7y ago
Not in tech jobs. I pay $60 per month for myself. Company covers the other $8,000.

I understand SF folks are paying $500-1,000/mo for healthcare?

by fouc 7y ago

I understand SF folks are paying $500-1,000/mo for healthcare?

nitrogen 7y ago

Not at high-paying tech companies, those usually cover most or all of insurance.

klipt 7y ago
You're still paying for it, but like payroll taxes it comes out of your salary before you even see it which makes people think it's "free".
- umeshunni 7y ago
  Sure, and if you live in Canada, you're explicitly paying for healthcare in the form of high taxes.
  - klipt 7y ago
    Probably lower than what Americans pay (between 2.9%-3.8% Medicare tax plus insurance premiums). America's healthcare system is really bloated and inefficient compared to developed countries.
  - dragonwriter 7y ago
    > Sure, and if you live in Canada, you're explicitly paying for healthcare in the form of high taxes. You mean, “the United States”, not Canada, right? The US pays more (not just per capita, but as a share of GDP, and thus would need higher taxes to pay for it) out of public funds for healthcare than Canada does. See, e.g., https://www.healthsystemtracker.org/chart-collection/health-spending-u-s-compare-countries/#item-u-s-similar-public-spending-private-sector-spending-triple-comparable-countries https://www.healthsystemtracker.org/chart-collection/health-... The US, unlike Canada, also pays a bit more in private funds on healthcare than it does in private funds.

filoleg 7y ago

If they are working in tech, their employer either pays for it fully or subsidizes it to the point where the person just pay something nominal like $50-100/mo, and it is not counted as their salary. So people usually don’t include that when saying how much they make, because they typically dont even actually know or care how much their employer pays for it (at my place of work you actually have to go pretty deep into the HR portal to look it up).

briandear 7y ago

Not even close. I pay a $250 premium for my family of 6, my employer pays the rest. My health coverage is worth $24,000 per year if I paid out of pocket — with the SV salary differential between Canada and Silicon Valley, I am still coming out much further ahead even if I had to pay 100% of my own insurance.

toephu2 7y ago

Most FANG tech workers pay $0/month for healthcare.

refurb 7y ago

Not in tech jobs. I pay $60 per month for myself. Company covers the other $8,000.