Posts Tagged ‘total compensation’

Trying to stay healthy (w/health insurance) will drain you too… our premiums have increased over 25% the last couple years

Yeah Obama care just made everything more expensive and added a tax penalty to the poor. It’s really not a government problem it’s an insurance company problem. Insurance companies are “for profit corporations”. In a market where it’s impossible to not have insurance.

That creates a chain of monopolistic tendencies. Where drug companies (for profit) and hospitals (for profit) charge more to insurance companies who pass the cost on to consumers all to make more money for shareholders. It’s a privatized tax structure on the 99%

I will say though people are generally terrible about picking insurance, and choosing employers with good insurance plans. Most just pick the cheapest option provided

If employees evaluated health care benefits as a part of their job search things would change. Having good health insurance from a long time employer can be worth millions on top of your actual yearly salary. Pick where you work based on total compensation, including insurance

I’ve been offered multiple jobs for 10-20% higher salary, but after looking at insurance packages turned them down. If the insurance plan doesn’t have a capped max out of pocket that you can afford, then you shouldn’t be taking the job there. Regardless of salary.

One bad medical problem can cost you $100k+ per year for a few years. If your on an 80-20 plan that’d be $20k per year On obamacare 60-40 plan it’d be $40k a year. On a good insurance plan with capped out of pocket expenses it’d cost you between $3k-$6k per year.

That’s one of the most important things to have to generate wealth in the USA that no one talks about because employers don’t want employees asking for better coverage.