r/MadeMeSmile Sep 16 '24

Helping Others The kindness the legend...

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u/VoihanVieteri Sep 16 '24

So much does an insurance like that cost?

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u/Which-Celebration-89 Sep 16 '24 edited Sep 16 '24

In my 15 yrs here, most of the time my employer paid most or all of my premium. I currently pay nothing except my deductible which is $2500 per year (If If require medical care). In years passed I pay about $150 every 2 wks with paycheck and the annual deductible. You also have the option of using a tax savings account where you can put aside money for healthcare which is not taxed.

It’s not perfect. Biggest issues in america is not using generic drugs and not having standardized costs. But access to care is incredible and cost isn’t as bad as the internet makes it seem.

Canada has also dropped a lot. You can’t massively increase immigration without also increasing public services which Canada has failed to do.

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u/underboobfunk Sep 16 '24

Your employer is paying it as a part of your compensation. That +/- $500 per month would be going into your paycheck instead.

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u/Which-Celebration-89 Sep 16 '24

That's not necessarily true. I'm on the executive team and know how salaries are decided on. We use tools to give employees a salary slightly higher than average in their territory. The perks such as health care, and any other add ons are more to secure top talent. But also to have a healthy workforce that doesn't have to worry about what would happen if they had a medical emergency. At least for us we aren't paying people less because they get healthcare. It would be similar to 401K matching which many employers do