How much do you pay for health insurance?

MAJ Badmotherfarker

is drinking a beer.
Oct 11, 2008
8,461
211
63
Washington D.C.
Kind of curious. We were paying $6,000/year when I was making $25k/year as a grad student. I'm wondering if any of you have actually looked at what your paying for health insurance would be in terms of a tax. Obama's plan right now is proposing a 5% surtax on those making over $1 million. In grad school, my health insurance would have been almost a 25% tax.
 

xan_user

Banned
Dec 16, 2008
3,234
74
48
Nor-Cal
Who needs health care? I just stop in at the ER whenever that burning sensation returns.



$7983.52 for me and one of my kids.( the other one has to say healthy....nah' actually the mom pays for the other one. ;))

I payed cal cobra for a few months -years back, that was 1500/month!
 
  • Like
Reactions: antsie

hyson

Forum Jerk
Oct 19, 2008
11,844
1,060
113
2% per paycheck for whole family - wife and I. Decent medical, shitty dental and eye coverage.
Could get it lowered to 1.5% if I took a very intrusive health inspection.
 

IdRatherBeSkiing

Sherbert is NOT and NEVER WILL BE ice cream.
Oct 11, 2008
19,367
6,908
168
Toronto, ON
Basic healthcare is 'free' (until you look at my tax bill). I pay about $375 every 2 weeks for suplimental health, dental, drugs, STD, LTD, travel insurance, and life insurance. This is for myself, my wife, and my son. The company pays about $50 of that total but that money is taxable.
 

MAJ Badmotherfarker

is drinking a beer.
Oct 11, 2008
8,461
211
63
Washington D.C.
Basic healthcare is 'free' (until you look at my tax bill). I pay about $375 every 2 weeks for suplimental health, dental, drugs, STD, LTD, travel insurance, and life insurance. This is for myself, my wife, and my son. The company pays about $50 of that total but that money is taxable.


So around $10,000/year. So if you make $100k/year, that's a 10% tax. And let's not forget the deductibles you'll pay on top of that should you actually USE that insurance you're paying for.
 

IdRatherBeSkiing

Sherbert is NOT and NEVER WILL BE ice cream.
Oct 11, 2008
19,367
6,908
168
Toronto, ON
So around $10,000/year. So if you make $100k/year, that's a 10% tax. And let's not forget the deductibles you'll pay on top of that should you actually USE that insurance you're paying for.

No deductable. We have the gold plan. We use the dental and drug stuff frequently and certainly would pay more than $10k/year. All that is optional except for about $50 base plan which the company pays for. The medical is free (included in our taxes which run about 40%).
 

Argji

Member
Oct 14, 2008
400
21
18
Oklahoma City, OK
I don't have room to complain - with both the wife and I working we are looking at just less than 3% our household income (pretax) for medical and dental since I work for a generous company. That could always change though.

I look at what everyone else is throwing out there in what they pay and it is just depressing to think about having to shell out that much money for healthcare.
 

Casual Fan

Surprisingly nice
Oct 14, 2008
19,016
3,027
163
Roanoke, VA
It is just depressing to think about having to shell out that much money for healthcare.

You already pay it. Your employer doesn't just look at your salary when he determines how much you cost him. Theoretically, his "share" of the cost is the extra he could pay you if you didn't have any benefits at all.

So, you're paying that much, too, in the form of salary you never see.
 

limegrass69

Confused
Oct 12, 2008
6,079
245
63
New York
Total policy (no dental) runs $1,359 per month for a family.
My pre-tax cut is $450 per month...my company picks up the rest.
 

Argji

Member
Oct 14, 2008
400
21
18
Oklahoma City, OK
You already pay it. Your employer doesn't just look at your salary when he determines how much you cost him. Theoretically, his "share" of the cost is the extra he could pay you if you didn't have any benefits at all.

So, you're paying that much, too, in the form of salary you never see.

Yeah, that's true and I agree to a point in theory. I don't believe though that my salary would go up the full X amount if they decided not to pay their part of the insurance arrangement and shift the cost completely to the employee. For instance, my wife opted out of her plan at work since she is covered under mine and they increased her pay by only $70 a month. That's not the full cost of the employer-paid portion.

Heck, when I first started I think the ratio between employer to employee-paid portion was around 85/15. They changed that to 70/30, so it is now kind of a double-whammy (loss of some form of salary that you mentioned), plus the fact of now shouldering more of the arrangement on our side along with the normal annual insurance increases.

But if we want to factor-in the employer-paid side also we can bump that up to 9%

Don't get me wrong, I really understand that medical insurance is way too much.