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Is the health insurance cost a percentage of your income? I thought it is a fixed amount based on what the insurance is covering.
by AdrianB1 6y ago
Is the health insurance cost a percentage of your income? I thought it is a fixed amount based on what the insurance is covering.
- jcrawfordor 6y agoLittle bit of both. It's a fixed rate, but a lot of employers use a "tier" system where the rate depends on your income.
- jandrese 6y agoIt's harder on the poor. The percentage figures will vary based on your income level. Luckily the OP chose an income level in the top 2% of all Americans which made it a somewhat reasonable level. This was also an individual plan bought on a healthcare exchange. Large employers have a stronger negotiating position and can get somewhat better rates, but in the end you're still basically paying a tax and it is disingenuous to compare tax rates with countries that provide socialized healthcare with their taxes and not include the cost of healthcare coverage in the States.
- AdrianB1 6y agoIt is not fair to compare taxes between countries with and without healthcare, but it is almost impossible to compare otherwise. For example USA has huge prices and excellent services compared to almost any other country, in my country (Romania, Europe) the socialized healthcare is so bad many people have a private insurance, I have 2 private insurances through my employer and I still pay out of the pocket about half of everything I get (100% of dental care is out of the pocket, most consultations are covered by the private plan, most treatments are out of the pocket).