- Joined
- Jun 11, 2009
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- Libertarian
I am embarrassingly confused about the process for buying health insurance. Here is my issue...
My employer offers plans through which they contribute $200 a month and through them I get to choose between 3 plans with varying levels of coverage which also vary in the amount I would contribute.
I went online and checked to see how much a comparable insurance plan would cost if I paid for it on my own.
This is where it gets confusing. I would actually pay LESS for a comparable plan on my own. A comparable plan to the top plan my employer offers would be about $230 a month but if I went with my employer's top plan it would be a $250 monthly contribution from me plus their $200 contribution for a total of $450. How is that possible? Why would a similar plan cost me only $230 a month but I would have to pay $20 more and my employer would have to fork over $200 if I went with their option?
I'm trying to figure out if I am missing something. Do employers usually pay this much more? Is there some sort of vital coverage that I am missing? It should not cost more that twice as much to be insured by your employer.
My employer offers plans through which they contribute $200 a month and through them I get to choose between 3 plans with varying levels of coverage which also vary in the amount I would contribute.
I went online and checked to see how much a comparable insurance plan would cost if I paid for it on my own.
This is where it gets confusing. I would actually pay LESS for a comparable plan on my own. A comparable plan to the top plan my employer offers would be about $230 a month but if I went with my employer's top plan it would be a $250 monthly contribution from me plus their $200 contribution for a total of $450. How is that possible? Why would a similar plan cost me only $230 a month but I would have to pay $20 more and my employer would have to fork over $200 if I went with their option?
I'm trying to figure out if I am missing something. Do employers usually pay this much more? Is there some sort of vital coverage that I am missing? It should not cost more that twice as much to be insured by your employer.