6 ms·

It’s not a requirement to offer health insurance in the US. If you make someone an offer and it doesn’t Include health insurance, and they accept, and the indiv

by jasonv 6y ago

It’s not a requirement to offer health insurance in the US. If you make someone an offer and it doesn’t Include health insurance, and they accept, and the individual mandate isn’t enforced anymore, then theres no additional burden on the company. I’ve been offered jobs without health insurance and didn’t accept them. I’ve contracted for those companies as I’m my own company and have had a group health plan for myself and others/partners. Figure the premium can be $1000-1200/per. Getting it is easy. You call a broker (usually for group plans you need to go through a broker), fill out a couple of forms, produce a few paystubs, apply, and enroll.

randmeerkat 6y ago
$1000 - $1200 per person per month? I know some consultants who can’t find health insurance that cheap. Are those high deductible plans?
- jasonv 6y ago
  PPO with moderate deductibles. Are they doing individual or group plans? And sorry, this wasn’t SF proper, though when I managed a plan for 30+ employees in SF it was about $1500/per. That was high deductible with a roll-over HSA match. The broker was helpful in giving us a decent menu to choose from.
  - randmeerkat 6y ago
    Thanks for the clarification, they’re on individual plans outside of CA, so probably not an apples to apples comparison.
  - lotsofpulp 6y ago
    $1,500 for an individual HDHP is way on the high end, even for SF. Was the group full of 60 year olds? If it’s young people, it should be in the $500 range at most. This was the quickest data I could find: https://www.valuepenguin.com/best-cheap-health-insurance-california https://www.valuepenguin.com/best-cheap-health-insurance-cal... Also, what is a rollover HSA match? Any HSA contributions don’t come from the insurance company so I don’t see why that would affect the premium.
- redis_mlc 6y ago
  The pre-ACA rate was $250/month for one working person. ACA plus inflation doubled that to $500/month, which is out of the reach of flyover country blue-collar wages. For planning purposes, use $500-$1,200/month for a young single person now. Historically it goes up around 20% per year, so I'm sure HN readers can do the Rule of 72 in their heads and realize where this is going.
  - lotsofpulp 6y ago
    This is false. Health insurance premiums for HDHP should be around $500 at most for a young person in the highest cost of living areas of the US. As a reference, these are the monthly premiums in NJ: https://www.state.nj.us/dobi/division_insurance/ihcseh/ihcrates_2020.pdf https://www.state.nj.us/dobi/division_insurance/ihcseh/ihcra...
- lotsofpulp 6y ago
  $1k is way too high for an insurance premium for a young individual, even in SF. Here’s a list of NJ insurance premiums available at healthcare.gov, and you can multiply by the age factor shown at the bottom: https://www.state.nj.us/dobi/division_insurance/ihcseh/ihcrates_2020.pdf https://www.state.nj.us/dobi/division_insurance/ihcseh/ihcra... SF is more expensive than NJ, but not 2x to 3x more expensive for healthcare.

by jasonv 6y ago

randmeerkat 6y ago

$1000 - $1200 per person per month? I know some consultants who can’t find health insurance that cheap. Are those high deductible plans?

jasonv 6y ago
PPO with moderate deductibles. Are they doing individual or group plans? And sorry, this wasn’t SF proper, though when I managed a plan for 30+ employees in SF it was about $1500/per. That was high deductible with a roll-over HSA match. The broker was helpful in giving us a decent menu to choose from.
- randmeerkat 6y ago
  Thanks for the clarification, they’re on individual plans outside of CA, so probably not an apples to apples comparison.
- lotsofpulp 6y ago
  $1,500 for an individual HDHP is way on the high end, even for SF. Was the group full of 60 year olds? If it’s young people, it should be in the $500 range at most. This was the quickest data I could find: https://www.valuepenguin.com/best-cheap-health-insurance-california https://www.valuepenguin.com/best-cheap-health-insurance-cal... Also, what is a rollover HSA match? Any HSA contributions don’t come from the insurance company so I don’t see why that would affect the premium.
redis_mlc 6y ago
The pre-ACA rate was $250/month for one working person. ACA plus inflation doubled that to $500/month, which is out of the reach of flyover country blue-collar wages. For planning purposes, use $500-$1,200/month for a young single person now. Historically it goes up around 20% per year, so I'm sure HN readers can do the Rule of 72 in their heads and realize where this is going.
- lotsofpulp 6y ago
  This is false. Health insurance premiums for HDHP should be around $500 at most for a young person in the highest cost of living areas of the US. As a reference, these are the monthly premiums in NJ: https://www.state.nj.us/dobi/division_insurance/ihcseh/ihcrates_2020.pdf https://www.state.nj.us/dobi/division_insurance/ihcseh/ihcra...
lotsofpulp 6y ago
$1k is way too high for an insurance premium for a young individual, even in SF. Here’s a list of NJ insurance premiums available at healthcare.gov, and you can multiply by the age factor shown at the bottom: https://www.state.nj.us/dobi/division_insurance/ihcseh/ihcrates_2020.pdf https://www.state.nj.us/dobi/division_insurance/ihcseh/ihcra... SF is more expensive than NJ, but not 2x to 3x more expensive for healthcare.