Health insurance WOES - $611.80 per month

[RichPLS]

$1,670 a month family policy 90/10 PPO
Medical, Dental, Visual and Prescription

 

[alkemyst]

Originally posted by: lobadobadingdong
I have bsbc for my wife and daughter directly throught bsbc, we only pay $171 a month (it's not the greatest plan they offer, but very good for our needs) It's insane that at work it costs me an extra $450 for the exact same plan to add them with me (and for me only it's just $30/month)

edit: $25 office visits, $10 generics, $1000 deductable, and they pay 90% after that on pretty much everything.

This is an example of how in smaller companies esp if you are younger than the average worker you can save by not having a group plan. I worked for a 6 member company. The 3 main principals were a father CEO, wife ? I don't know what she did, and his middle aged son. Then a 19 year old, a 20 something, and another 40 something.

Average age was near 50 and that's what the group plan is based on. I paid about $175 for the same plan privately that I was getting $175 biweekly payroll deductions on.

Fortune 500 or not (I work for one now), many companies are not picking up the full tab and are trying to offer better ways to bring more value to their associates.

We are self-insured (probably like many Fortune 500s) which means the company covers all costs. They hire someone like BC/BS to manage the plan and to use their network of practitioners.

You have to figure with all the benefits we get (flex pay, anything possible to be pre-taxable is, local discount cards, vision, dental, short term/long term disablility, profit sharing, 401k with 100% matching after 5 years, double salary life insurance, cancer plan, several other minor benefits, at other locations in the company there is free daycare) my company probably has an additional 30-40% over what they are paying each associate annually.

However, when individual health approaches the upper 3 figure marks chances are it's time to hunt down a job based on benefits alone. I know many families which had Husband / Wife teams making great salaries, but now have 2-3 kids and they are getting older....one of the two takes a pay 'cut' to go work for a larger company with great benefits and net out a higher post-expense income.

 

[shilala]

1.) No, it sounds (and is) absolutely fvcking ridiculous.
2.) Mine is employer contributed on an hourly basis. I have to work 1700 hours a year to have coverage throughout the year. I have to pay any amount that I haven't earned through employment or my coverage stops.
3.) Last I checked, about 3 grand a quarter.

 

[Yzzim]

Originally posted by: spidey07

Originally posted by: Nitemare
thank the freeloading welfare people.

Imagine how much money you could save if you just invested $7300 a year and just paid out of pocket for healthcare....

Yep, break a bone and its all gone. Much less a car crash.

Let's face it. Insurance is legalized extortion - but that's just the way it is.

That's covered under car insurance, buddy

 

[Garet Jax]

Originally posted by: Looney


Please correct me if I'm wrong here! From what I've heard, Canadian health care pays the price in a different way. Supposedly it's real low quality. At this point I don't even care what the quality is, my wallet feels pw3nd.

It's not 'real low quality'. It's not even low quality. We have the exact same technology as in any US hospital... and our MDs are trained similarly... we even have a braindrain problem where physicians are getting their educaiton in Canada, then bailing to the US for the big bucks.

A hospital in Canada looks similar to a hospital in the US. I doubt you're going to be able to tell the difference. True, people with money in the US, would be able to buy access to treatment quicker than they would be able to get it in Canada, where your income doesn't matter... but treatments are based on the urgency of it and your place in line.

There are some delays and shortages of equipment in some hospitals... but that's different than NO equipment. And the delay isn't as long as some people like to make it out to be. Supposedly my local hospital has a shortage of MRI scanners, but my dad was booked for one the next day.[/quote]

I've lived in both countries and this is just not true. Both countries have lots of problems with healthcare, but Canada's system just can't support the numbers. You have to wait too long to get any service. I have a few stories from my dad's failing health that are just atrocious.

America's system is better as long as you have money. Without it, you could be paying for something for the rest of your life.

Both systems need a lot of work.