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> our health insurance for our family is provided by our jobs I was not sure how this worked. I knew that the US does not have universal health care (not havin
by honzabe 3y ago
> our health insurance for our family is provided by our jobs
I was not sure how this worked. I knew that the US does not have universal health care (not having it is one of those famous American things) but I assumed that it works on a private basis - you chose an insurance company if you want (and can afford) to be insured, you pay them $X per year and you are covered. Having this tied to your employment gives your employer terrible leverage over you. That would certainly stressed me out.
- wonderwonder 3y agoGenerally your employer provides you a fixed set of say 1 - 3 options, each better but more expensive than the prior. Our insurance policies generally also include a deductible, an amount you have to pay out of pocket before coverage kicks in. For example $3,000 per year. The higher the monthly premium, the lower the deductible. The employer pays ~50% - 70% of the premium and the employee pays the rest with pre tax money. The cost increases as you add children and spouse to your policy. Spouse is generally a higher premium bump than kids.