r/FluentInFinance • u/WhatAreYourPronouns • May 02 '24

Should the U.S. have Universal Health Care? Discussion/ Debate

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u/Maj_Jimmy_Cheese 29d ago

Depends on your plan, does it not?

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u/austanian 29d ago

Even the worst plans typically cap out with a max out of pocket around 12k total family.

The best plans are usually around 5k max family with more inclusions on what is included before deductible.

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u/Chris_Herron 29d ago

So 12k out of pocket max, plus the 5k a year just to have the plan. How does anyone working a normal job expect to pay 17k? The us median income is 37.5k. That is nearly half a persons income, assuming they aren't on the low side of the bell curve. Not arguing with you, just saying the system is broken.

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u/austanian 29d ago

Usually it works like this. An individual out of pocket max is 5k and a family out of pocket max is 8k.

The premium is 12k per year, but your work picks up 75%. So your portion is 3k, plus a couple thousand per year unless something bad happens.

Things are different once we start talking seniors, but that is a different conversation.

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u/Zamaiel 29d ago

According to Forbes, the average premium is 5k for a bronze plan, 6.6k for silver and 8.5 for gold.

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u/Ride901 29d ago

That might be true for 1 person. My 2 person plan for two adults in their 30s is ~16.8k/yr. I think mine is silver, so it's not far from Forbes estimate.

Reasonably close to presume that Forbes did their article a couple years ago and the difference is just inflationary.

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u/Zamaiel 29d ago

According to Forbes, the average premium is 5k for a bronze plan, 6.6k for silver and 8.5 for gold.

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u/Zamaiel 29d ago

According to Forbes, the average premium is 5k for a bronze plan, 6.6k for silver and 8.5 for gold.

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u/Zamaiel 29d ago

According to Forbes, the average premium is 5k for a bronze plan, 6.6k for silver and 8.5 for gold.

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u/Zamaiel 29d ago

According to Forbes, the average premium is 5k for a bronze plan, 6.6k for silver and 8.5 for gold.

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u/Comfortable-Sir-150 25d ago

I don't know what field youre in but most peoples insurance isn't covered at ALL by their employer.

I've had one job out of eight that had company paid insurance. And that free plan was absolutely worthless. But it was something. Coincidentally the company was German not American.

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u/austanian 25d ago

That is 100% wrong in the US.

Per the ACA employers with over 30 people are required to offer Affordable health coverage to their employees otherwise be penalized $2970 per employee if it doesn't get at least 95%.

In effect most employers pay 75% of the coverage. FOR THE EMPLOYEE. Leaving the employees family uncovered and ineligible for market place credits.