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People who get their insurance through their employer also typically have no idea how much their insurance premium costs because the average employer pays 70-80
by DebtDeflation 4y ago
People who get their insurance through their employer also typically have no idea how much their insurance premium costs because the average employer pays 70-80% of the actual monthly premium and what gets deducted from your paycheck every month is just the remainder.
- nightski 4y agoI'm guessing you are correct, seeing as in a similar fashion I'd imagine there are a lot of people who have no idea what their 401(k) is even invested in. However when going through the annual election process it generally makes it very clear how much you are paying out of each paycheck and what the employer contributes. Now whether people pay attention at all I can't say.
- lotsofpulp 4y agoIt is also listed in W-2 box 12 code DD. And many employers include the employer contribution on paystubs.