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0 pointszitterbewegung8y ago0 comments

If you want a lower payment per year go pick a really large company (the larger the pool the less you will pay).

My mom pays half of what I pay and she gets family insurance while I get a single person insurance. Her pool is a large grocery store company.

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tptacek8y ago

$18,000 for a family is high but within the range of what insurance costs today. Family coverage on the small group market (<50 employees, which is where Matasano was at), which approximates the individual market in price, was ~$1100/mo a few years ago.

(I just looked it up and, weirdly, average premiums on the large group market in 2017 were higher than those in the small group market; on the small market, they're around $17,000, and in the large market, $19,000).

snuxoll8y ago

That’s still roughly the case, I work for a medical billing company owned by a physician group, we have a pretty large group and are essentially self-insured.

I pay ~$220-ish a month for my family of three, the company pays $800+/mo. Boy am I glad to work for a company that pays such a large chunk of my benefits, many other places cover maybe 50% of your dependent costs.

bobcostas558y ago

You're still the one paying the $800, the only benefit is you get to do it with pre-tax money. It's not like that money comes out of the aether, it's part of your compensation.

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mobilefriendly8y ago

The injustice of the system is that self-employed have to pay with after-tax dollars while your employer can deduct the cost of providing those benefits.

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zitterbewegungOP8y ago

18k for a small business is typical. My mom pays much less than that because she doesn’t even make anything near 18k. For a small business it limits who you can hire because their take home pay would be 0.

Basically what I’m saying is the loss ratio for a bigger pool will be much lower than a smaller one. For insurance companies who charge premiums if you are in say a Bigcorp sized pool compared to a small business size pool the bigcorp pool will be larger and can have smaller premiums .

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