Submitted by More_River_9912 t3_101k6dj in massachusetts
Hi all!
So I get my insurance through my employer pay about 360 monthly, 90 weekly and I'm trying to figure out if I'm paying too much. (Single guy in 30s, no serious health issues) I was planning on applying to masshealth but for the first time ever I apparently am just above income to qualify.
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Does anyone get health insurance outside their employer for a better deal or is this normal?
That’s a lot. I offer my staff a pretty decent gold level plan from the health connector and it like $290/month/man. I cover 100% though.
We all pay too much for health insurance. And health care. The system is mostly built with that in mind.
Pay about $180 every month. I believe my employer pays around $260 in addition to my payment.
Had a previous employer in 2019 ask for $450/month for health. I was a single in my 20s at the time. I laughed, went to then mass health connector, and found a plan for like $220/month.
That’s a bit less than what my org charges single people for the good plans (there are cheaper plans that cover jack shit). However I’ve heard from most of my friends that I’m getting fucked because my employer contributes very little compared to others.
We all are
You should check your plan options. Normally there's a "compact" plan for single people that runs ~$15-30/w
Some employers offer a high deductible insurance with a HSA account - health savings account. It’s a favorite of the young, healthy and FIRE folks.
I pay 350 a month for my whole family. I am employed by the commonwealth though. I paid 600 a month in the private sector for a whole family.
Keep in mind the payments you make via payroll deductions are reductions to taxable income. For many middle class Massachusetts residents that’s a 27% discount.
Just an FYI vs paying outside of your company’s plans
I was paying $850/month for a family plan. $4,500 deductible.
That seems like a lot. My blue cross blue shield is 120/month
It’s not possible to answer this question without knowing details about the plan, the split between employer & employee contributions, and the demographics of the group. Corporate group plans are priced according to the coverage and the health risk of the employees. If you work in a company with a lot of older employees and you have a low deductible PPO plan, the policy could easily be $2,000 per month. Split 80/20, that’s a $400/month employee contribution.
Better than a $1700 fine at the end of the year for not having it… well I can’t afford that either! Quite a paradox.
EzualRegor t1_j2oe921 wrote
That sounds about right. Insurance is not free and the more you try to save on premiums the more it will cost you when you need it.