Are there companies with 100% paid med insurance

Sounds like a good plan. Where do I sign up?

 

Insurance isn't cheap. And has gotten worse over the years.

It's a scam and a joke these days.

Complaining about it on a forum. We're all the in the same shoes.

Wait till you get older. Us old farts pay twice the price. And more then that if we smoke.

 

We pay 100% of the premium for driver and family.

 

Probably because buying your own health insurance is a lot more expensive than getting it through an employer, and group plans offer huge discounts you can't get on individual plans. Over half of Americans get coverage through their jobs. Yes they get to deduct the premiums they pay for employees, but they have to pay it first, and they don't get to deduct 100% of the premiums. They do it because they care about attracting employees to their company, and an employer who offers great benefits will win out over a company that doesn't every time. Exactly what is it about employer paid plans that has screwed up the system in your opinion?

 

It shouldn't be that hard to find a union job that matches your expertize. Assuming you're a trucker that would be usps, ups and so on.

 

You state the problem in your first sentence."group plans offer huge discounts you can't get on individual plans" Thanks to all these group plans, insurance companies, government involvement and everything else I can't get a straight answer on what blood work, x ray, minor procedure, major operation will cost.

I've never ran a large company but explain how they don't get to write 100% off.

 

Write off is a terrible word to use. Medical insurance on my employees run about 26K a month. So i don't pay any tax on that 26K. I would rather pay 7800.00 tax and have 18200.00 cash. So explain to me how it's a 100% write off.

 

Health insurance carriers are businesses just like any business and they need to show a profit or they go bankrupt just like any business. In group insurance, if you have a company with let's say 1,000 employees, some will get sick and some won't and the odds that the insurance company will make a profit is much higher with a large pool of employees compared to a family policy where just a few prescriptions can out spend the premiums a family pays every month. So groups with large pools of employees get lower premium payments because the risk to the insurance company is lower. Think of volume buying where you get a discount for buying larger quantities. If an insurance company takes the risk that they are going to lose money every month on a family plan, naturally they are going to charge more to offset that risk.

Our president signed an executive order this year requiring hospitals and other medical facilities to make their rates for procedures available before you get something done. If you have insurance, they will tell you how much they will allow for a procedure and how much you will have to pay out of pocket for it. Even before the executive order, you could find out how much your insurance allows for a procedure before having it done if you use one of their physicians or hospitals in their member network.

Since Obamacare came around a few years ago, some states don't allow 100% deduction of employee medical benefits for employers on their state taxes, and some states charge additional taxes to help pay for their state programs. Insurance premiums for some large companies can run into the tens of millions each month, and the company has to pay those premiums up front and deduct them off of their adjusted gross income at year's end. They still have to pay that money first, just like you (assuming you own a house) have to make your mortgage payments every month and you get to deduct the interest on that payment at the end of the year.

 

Shipex I believe does too

 

This is a ridiculous thing to say. Anybody and everybody knows the 26k is part of the employees pay. Another words making round numbers round, you have 25 employees that you pay 50k a year and provide 5k per employee towards Med Ins.they are making 55k a year. By taking away the Med Ins they just took a 5k a year pay cut. The 5k is a write off, tax deduction or whatever you want to call it. You don't pay taxes on it.