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My insurance (healthy young family of four, $1K deductible per person) costs me 12.6% of my pretax earnings, not including what my employer kicks in. It was ov
by pdx 15y ago
My insurance (healthy young family of four, $1K deductible per person) costs me 12.6% of my pretax earnings, not including what my employer kicks in. It was over 14% before my last raise, and it would be even higher if my company hadn't aggressively shopped around among several insurers. That's for me as an engineer making almost 100K. What about the guy making $70K with a family of four? It is a huge drain.
- wiredfool 15y agoYeah. Looking at my household, mortgage and health insurance are neck and neck as the biggest costs, with food a close third. That's not even counting copays and deductables and other out of pocket stuff, in other words, the best case if no one gets sick. Significantly behind is child care, and well behind that are taxes.
- tocomment 15y agoThat sounds way too high. Have you looked into HSA's?
- kingnothing 15y agoOn the flip side, I'm paying insurance premiums for only myself and spending less than 1% of my pretax income. The medical, dental, and vision is all excellent. Shop around. You can certainly do better than $1,000 a month (12% of 100k / 12).
- roc 15y ago> "You can certainly do better than $1,000 a month" For a family of four? Not that I've seen. Even after employer contributions people in my orbit are usually looking at ~$1000 out-of-pocket (granted, pretax) for family medical/dental/drug/vision.