Is this coverage pricing the norm?

[u/DecentDeer2818]

Hi all,

I just got a job offer in NYC where the cost of living is crazy high, as you probably know. This is my first corporate job and I need advice/feedback on is this pricing structure for insurance is the norm.

I know you can’t believe everything you read on the internet but I’ve read that the general norm is for the employer to cover 80-85% of the monthly premium.

I would be earning less than 75k and only covering myself but the price still seems quite high? I’ve never paid more than $118 bi-weekly.

Thank you.

[u/laurazhobson]

It costs your employer approximately $1500 to insure a spouse and they do subsidize a portion of that.

A company only has a certain amount of money which is can use for workers in the form of salary and benefits. The employer is already subsidizing a huge amount for spouses and children

If you aren't insuring your spouse and/or children would you want to have your salary reduced or your vacation accrual or other benefits?

[u/DecentDeer2818 → u/laurazhobson]

I think that’s a broader topic, but I see your point. I really was just hoping to learn what was average percentage that employees are paying in relation to their premium and coverage so I can figure out if this works for me.

[u/AwfullyChillyInHere → u/DecentDeer2818]

If you only want averages, then here you go!

The premiums for the average family plan in the U.S. come to just over $25,000 per year.

Of those premiums, the average employer pays about 75%.

So, the average family pays about $6,000 per year in premiums alone.

Deductibles, co-pays, and co-insurance are all on top of that $6,000 share of the $25,000+ total premium.

Our system is just fucked up.

[u/pharmucist → u/AwfullyChillyInHere]

Jeez, I am paying $7500/year for my insurance and it's just me, nobody else on the plan. It IS good insurance, though. No referrals needed for anything and I can see whatever doc I want whenever. $2k deductible, $4k max OOP. Man, healthcare is expensive in the US.