I work IT at a small shop, we do anything from break/fix for home users in our area to server and network management for local small businesses.
Just out of interest how do you guys pay for health insurance etc. I pay about 20% tax which goes towards schools/hospitals/military/police etc. But in the UK what we pay in tax allows us to have "free" (or heavily subsidised depending on the procedure) health care. Im just wondering if its a big chunk of the average americand wage slip?Gennadios said:"Equivalent buying power" is a little bit deceptive.
On the one hand I earn in the lower half of the $50-70k range, which would be a comfortable middle class existence in other parts of the US.
In the US, if you work full time for a decent company, you'll probably be offered an employee healthcare plan. We don't have the NHS here, so instead companies use their superior bargaining power (compared to the private citizen) to negotiate favorable rates from insurance companies. For example, if you're a middle aged diabetic, UnitedHealthcare can and will take advantage of you and give you an overpriced healthcare plan. But if you're a middle aged diabetic working for Bank of America, you get to take Bank of America's plan, and UnitedHealthcare sure as hell can't take advantage of Bank of America. If you work for a small business, you still have some bargaining power, but you'll probably end up with a somewhat inferior deal. And then of course there's the Obamacare option; if you're uninsured then you can sign up for a plan that's cheaper to you because the government subsidized the insurance companies.shootthebandit said:Just out of interest how do you guys pay for health insurance etc. I pay about 20% tax which goes towards schools/hospitals/military/police etc. But in the UK what we pay in tax allows us to have "free" (or heavily subsidised depending on the procedure) health care. Im just wondering if its a big chunk of the average americand wage slip?
You seem to be in a similar situation to people in london in the UK. I earn a decent salary (I can afford rent/bills, a sports car and still have a reasonable amount of disposable income) however in london my salary would struggle to get you a 1 bed studio and a bus pass. Im just fortunate with my line of work that it tends to be in more rural areas where the cost of living is very cheap.
It actually sounds very similar to the NHS only our insurance is paid via tax we probably pay about the same for prescription and under 18s (or those in full time education) get free eye care and dental care. These are pretty heavily subsidised and are a fixed price (which is fairly reasonable) for NHS patients. Thats why most people tend to get dental work such as braces while they are youngerdyre said:In the US, if you work full time for a decent company, you'll probably be offered an employee healthcare plan. We don't have the NHS here, so instead companies use their superior bargaining power (compared to the private citizen) to negotiate favorable rates from insurance companies. For example, if you're a middle aged diabetic, UnitedHealthcare can and will take advantage of you and give you an overpriced healthcare plan. But if you're a middle aged diabetic working for Bank of America, you get to take Bank of America's plan, and UnitedHealthcare sure as hell can't take advantage of Bank of America. If you work for a small business, you still have some bargaining power, but you'll probably end up with a somewhat inferior deal. And then of course there's the Obamacare option; if you're uninsured then you can sign up for a plan that's cheaper to you because the government subsidized the insurance companies.shootthebandit said:Just out of interest how do you guys pay for health insurance etc. I pay about 20% tax which goes towards schools/hospitals/military/police etc. But in the UK what we pay in tax allows us to have "free" (or heavily subsidised depending on the procedure) health care. Im just wondering if its a big chunk of the average americand wage slip?
You seem to be in a similar situation to people in london in the UK. I earn a decent salary (I can afford rent/bills, a sports car and still have a reasonable amount of disposable income) however in london my salary would struggle to get you a 1 bed studio and a bus pass. Im just fortunate with my line of work that it tends to be in more rural areas where the cost of living is very cheap.
You'll still have to pay a monthly insurance premium as well as a small fraction of the doctor visit, prescription drug, etc, usually something like $10 to $30 for common things that are covered by the plan. The monthly premium depends on the company and the plan; sometimes a company offers a few options. Better plans might have higher premiums, but they cover more problems and give you access to more doctors (different doctors accept different insurance plans). Some very common problems that many insurance plans don't cover is dental and eyecare.
I'm not sure what kind of changes Obamacare will bring, so the stuff I'm saying is mostly related to the current situation, not how things will look when Obamacare goes into full swing.shootthebandit said:It actually sounds very similar to the NHS only our insurance is paid via tax we probably pay about the same for prescription and under 18s (or those in full time education) get free eye care and dental care. These are pretty heavily subsidised and are a fixed price (which is fairly reasonable) for NHS patients. Thats why most people tend to get dental work such as braces while they are younger
Is the insurance relatively expensive? Its pretty bad that they hike the price up if you have a pre-existing condition. Ive had to deal with pet insurance before for treatments and I can imagine it being similar