I’m a recent college grad and started my career in 2020. I’m still on my parents health insurance plan because I’m not yet 26. However, I’m planning to purchase a home within the next year or two so I’m trying to understand my options when I’m paying for my own health insurance. My company’s HR site has our health insurance options broken out by plan but I’m not entirely sure what everything means.
For each plan there are three columns with different amounts but I’m not sure what each column means. Example Plan:
High Deductible Plan (With HSA) $1,500 individual/$3,000 family
Biweekly Associate Deductions: $45.92
Weekly Associate Deductions: $22.96
Monthly Premium: $677.02
I’m confused what these three columns mean. Does this mean I would be paying $45 per paycheck (I’m paid biweekly) and also paying $677 per month for this plan?
submitted by /u/luke_bob
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I’m a recent college grad and started my career in 2020. I’m still on my parents health insurance plan because I’m not yet 26. However, I’m planning to purchase a home within the next year or two so I’m trying to understand my options when I’m paying for my own health insurance. My company’s HR site has our health insurance options broken out by plan but I’m not entirely sure what everything means. For each plan there are three columns with different amounts but I’m not sure what each column means. Example Plan: High Deductible Plan (With HSA) $1,500 individual/$3,000 family Biweekly Associate Deductions: $45.92 Weekly Associate Deductions: $22.96 Monthly Premium: $677.02 I’m confused what these three columns mean. Does this mean I would be paying $45 per paycheck (I’m paid biweekly) and also paying $677 per month for this plan? Edit: Plan Costs that I copied into Excel
submitted by /u/luke_bob [link] [comments]Read Morer/HealthInsurance