How much and what is your healthcare insurance

[LivingAlmostLarge]

Not a clue and two different industries we haven't seen it on our paystubs. I know friends in other industries who don't either.

[frugal saver]

Just commenting on the above posters--you may not see your medical on your pay stubs, but it's required to be listed on your W-2 so the IRS can quickly determine if it's a Cadillac plan and subject to the extra tax. I don't remember which box it is.

[disneysteve]

you may not see your medical on your pay stubs, but it's required to be listed on your W-2

Really? They aren't required to list what is being deducted from your pay on your pay stub? That doesn't make any sense. I'd be pretty upset if I got a stub that said the gross amount and the net amount but didn't breakdown the difference. I've never heard of that happening.

[scfr]

Just commenting on the above posters--you may not see your medical on your pay stubs, but it's required to be listed on your W-2 so the IRS can quickly determine if it's a Cadillac plan and subject to the extra tax. I don't remember which box it is.

Just pulled out my 2015 W-2 . . . Box12a, DD (Cost of employer-sponsored health coverage). I think the number in that box is the total cost, so my (employee-paid) portion plus employer-paid portion.

[scfr]

Really? They aren't required to list what is being deducted from your pay on your pay stub? That doesn't make any sense. I'd be pretty upset if I got a stub that said the gross amount and the net amount but didn't breakdown the difference. I've never heard of that happening.

I think frugal saver's comment was directed at people who said they don't know the cost of the portion of medical insurance that the employer pays, not what the employee pays. In my case, I pay $470 per month and my employer pays $706 per month. I see the $470 portion that I pay on my pay stub, but to know the $706 employer-covered figure I have to look for it.

[disneysteve]

I think frugal saver's comment was directed at people who said they don't know the cost of the portion of medical insurance that the employer pays, not what the employee pays.

Sorry if I misunderstood that. Yes, my stub shows what is deducted that I pay for insurance.

[frugal saver]

Really? They aren't required to list what is being deducted from your pay on your pay stub? That doesn't make any sense. I'd be pretty upset if I got a stub that said the gross amount and the net amount but didn't breakdown the difference. I've never heard of that happening.

Sorry if my answer was confusing.

The point of this is for the Cadillac Tax, which is just on what your employer pays, not you. It was set up as a 40% tax on employer plans exceeding $10,200 in premiums per year for individuals or $27,500 for families. It's been postponed a couple of times and is now set to take effect in 2020--if the ACA isn't totally changed/abandoned by that time.

[MickeyMickey1975]

Just pulled out my 2015 W-2 . . . Box12a, DD (Cost of employer-sponsored health coverage). I think the number in that box is the total cost, so my (employee-paid) portion plus employer-paid portion.

Optional for employers that issue less than 250 w-2's so if you work for a small company you may not see this

[breathemusic]

Yikes! Reading this thread makes me happy to be a federal employee. I pay about $68 bi-weekly for a single plan for BCBS as a PPO, but I have no deductible, only co-pays (most pretty low, like $30-40) and a $5,500 out of pocket max. And no co-pays for the standard preventative things like a physical, etc. I pay another $12 bi-weekly for additional dental coverage as well. Stopped paying for vision years ago after I got Lasik.

I just took a look and my premium is going to go up about $3 a paycheck for 2017. All of this makes me thankful that my employer pays a huge chunk of my premium.

[MooseBucks]

I'm at 109/month for a HDHP for my family. Work contributes $800 or so for the HSA but the deductible is $3500 per person. The PPO plan through work is insanely expensive - Probably 400-500 month.

[scfr]

I'm at 109/month for a HDHP for my family. Work contributes $800 or so for the HSA but the deductible is $3500 per person. The PPO plan through work is insanely expensive - Probably 400-500 month.

400-500 per month for FOUR people, that's it for your out of pocket for PPO? Actually, I think that's pretty cheap! That 400-500 probably represents just a portion of the cost, with your employer paying the balance.

[MooseBucks]

400-500 per month for FOUR people, that's it for your out of pocket for PPO? Actually, I think that's pretty cheap! That 400-500 probably represents just a portion of the cost, with your employer paying the balance.

Correct it does just represent a small portion of the overall cost. But with the HDHP being only $110/mo I'd rather fund a HSA and risk possibly paying more than never seeing the premiums I paid again.

[disneysteve]

The PPO plan through work is insanely expensive - Probably 400-500 month.

You and I have a very different definition of "insanely expensive". As I said earlier, we pay over $700/month for 2 of us for a HDHP with HSA and $4,700 deductible. I'd kill for a $500/month PPO.

[MooseBucks]

You and I have a very different definition of "insanely expensive".

Anything over $100 is insanely expensive. Am I going to freak out when I go to Disney tomorrow?

[disneysteve]

Anything over $100 is insanely expensive. Am I going to freak out when I go to Disney tomorrow?

I'll be in Disney World on Thursday. You might see me.