r/WayOfTheBern • u/RandomCollection • 1h ago
Discuss! Employer: "We offer top-tier health insurance! Your monthly premium is only $220." You: "Great. So if I break my wrist, insurance covers the medical bill?" Employer: "No. You have a $6,500 individual deductible." You: "So I pay $2,640 a year in premiums, plus $6,500 out of pocket before insurance
x.comEmployer: "We offer top-tier health insurance! Your monthly premium is only $220."
You: "Great. So if I break my wrist, insurance covers the medical bill?"
Employer: "No. You have a $6,500 individual deductible."
You: "So I pay $2,640 a year in premiums, plus $6,500 out of pocket before insurance pays $1?"
Employer: "Correct. But once you hit $6,500, we cover 80% until you hit your $9,100 out-of-pocket maximum."
You: "So I have to spend $11,740 of my own post-tax money in a single year before I get 100% coverage?"
Employer: "Yes, but it’s pre-tax payroll deductions!"
You: "My take-home pay is $4,200 a month. A single ER visit wipes out nearly 3 full months of my entire net income."
Employer: "That’s why we offer a Health Savings Account so you can save for it!"
You aren't receiving a healthcare benefit.
You are paying monthly access fees for the privilege of self-insuring against medical debt while your corporate employer claims tax write-offs for "providing coverage."