Post # 1
I was just thinking about this in light of the whole maternity leave question in the US. Various bees have said that they would much rather pay insurance than be taxed for healthcare, so I got to wondering what the average percentage of an American income goes to health insurance.
I grew up in the US and now live in the UK. We are taxed 20% on our above-average income, and that money goes to everything from infrastructure and education to healthcare. Our healthcare is largely free (in the sense that it is covered by taxes), I get a year of paid maternity leave, and the care I receive is generally on par with–indeed, sometimes even superior to–the care I received back in the US. I guess I just wondered if comprehensive health insurance actually costs that much less than our higher overall tax when all the other US taxes are added in?
No political agenda here, just curious about the numbers! Let’s keep it light-hearted and respectful. 🙂
Post # 3
If I only paid for my own insurance, it would be 1% of my gross salary. Since I pay for my husband it’s equivalent to about 3%.
Post # 4
When I was working, 30 percent of my income went to health insurance per paycheck. It wasn’t even great insurance…it had a high deductible and wouldn’t cover a LOT. This was about a year or so ago.
ETA I was working a job with about a 300 dollar a week equiv.
Post # 5
- Wedding: March 2012 - Pelican Grand Beach Resort
Something to consider is that most of us with employer-provided insurance have to pay part of the premium plus our copays, co-insurance, and deductible, so a simple percent is not too helpful. Also, the amount employers pay on our behalf for the benefit could be money we’d be making in our paychecks (at least part of it) if insurance were not tied to employment. I pay a few hundred dollars a month for my insurance, but my employer pays hundreds more on top fo that. Plus, I have a $1000 deductible per person plus all the coinsurance and co-pays.
Post # 6
Up until I moved and quit the job, I was paying about $50.00 a month, that included health, vision, dental, life and short term dis. The rest was paid for by my employer. I had a 20.00 copay for dr. visits and dental was based on what was done. I paid $35.00 for ER visit where an MRI & xrays were done. Once I got married it would have gone up to me paying about $100.00 a month for all the above. Maternity leave was covered under short term disability, but you could use vacation and FMLA(I think someone did that). OH and also included in that was 24/7 access to an attorney for all my illegal activities…lol.
Post # 7
For single coverage mine is around 1-2%. If you cover me + spouse it would be about 9%. I consider my coverage to be pretty good. You do have to make payments like copays and possibly your deductible so depending on your needs it can be higher. Mine also includes dental.
Post # 9
1.5% for our spousal plan. It goes up to 2.5% for a family plan.
Post # 10
My company pays for health and dental insurance. I pay a couple of dollars per month for vision.
Post # 11
When we were paying out of pocket for insurance, we paid $700 per month for two healthy people, under 30, with no pre-existing conditions. This does not include our co-payments which were per appointment.
Now we have insurance through DH’s work, but he works in the television industry so the process for getting health insurance is a little more complicated than for most people. I think we only technically pay $150 every 3 months for insurance, which includes dental etc, but we also had to join the union ($3500 upfront) and pay union dues every quarter as well, which is also around $150 I think. We still have a co-payment that is per appointment and DH has to work a certain number of hours to keep the coverage.
Post # 12
About 10 percent of my gross pay goes to our family health coverage, plus deductibles and the like when we actually use it. My insurance is pretty good, though, and covers the majority of our medical expenses. And my husband doesn’t pay anything for insurance and makes a little more money than I do, so it’s probably less than 5% if you look at our total, combined income.
Post # 13
@Twiglets: Zero. God bless Canada.
Post # 14
Um… .003% of my salary goes towards my healthcare.
My premium is $11/month for just me. If I was married, it would be $21, and if I had a husband & kids on there, it would be $26.
It’s pretty great health insurance, too.
Post # 15
I’m very lucky that I don’t have to pay anything for health insurance; my employer covers the premiums. I have an annual deductible (about $200) and $15 co-pays for doctor visits. Includes health, vision, dental, life insurance, disability. ER, blood tests, MRIs, etc are covered at 100% after meeting the deductible (if they’re for medical reasons of course). My company doesn’t pay as well as other companies in the area, but our health insurance and other benefits are great (tuition reimbursement, depending on the degree it could be no annual limit or 25k max. per year) so I’m not looking for another job.
Post # 16
Less than 1%. My employer covers most of it, I’d pay almost nothing but I opted for the expensive plan this year because I want to go to any doctor I like and only pay like $15 a visit or nothing at all. The insurance is fabulous, easy to deal with and they reimburse all sorts of “alternative” medicine stuff like acupuncture, massage, and gym fitness programs.
Im looking to switch to my husbands insurance though because it’s almost the same as mine and it doesn’t make sense for us to pay double.