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Your deductibles and HSA contributions will be lower than my National Insurance contributions yet alone the employer ones and considerably so. As a “high” (by
by dogma1138 6y ago
Your deductibles and HSA contributions will be lower than my National Insurance contributions yet alone the employer ones and considerably so.
As a “high” (by UK standards not US ones) income earner in the UK the “cost” of your health insurance/benefits would be considerably higher than the cost in the US but the benefits won’t be dependent on your continued employment.
The reality is that the compensation in the UK/EU is overall rather pitiful especially when you account for the higher taxation and the employment costs to the employer are much higher which is one of the main reasons for the lower salaries rather than the employers don’t need to cover benefits.
For a taxable salary of £115K which is on the higher end of what you can get in the U.K. these days the employer NIC is £13,885 that’s 10% contribution on top of the salary alone the employee is then pays over £6000 in contributions also.