2007-08-15 18:59:05 · 4 answers · asked by Seeker 1 in Business & Finance ➔ Insurance
Well, they're providing you ACCESS to the group health policy. As far as you buying it . . . that gives you a financial interest . . .motiviation to look after yourself, so to speak.
Ever have teenagers? Ever notice that the kids who are "given" stuff take worse care of it than the kids who earn their OWN stuff? Kinda the same principle, but for grownups.
2007-08-16 02:20:21 · answer #1 · answered by Anonymous 7 · 0⤊ 0⤋
Almost all employers require the employee to share in the cost of healthcare premiums. If the employer provides coverage, they are probably paying a substantial portion of the premium.
2007-08-16 02:06:18 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
Your employer is providing a group health plan and you are probably paying just a portion of the premium (for example, I pay $120/mo for med/dental/rx, for a benefit that would normally cost me $1200/mo). Group health plans usually offer better benefits and cannot refuse coverage to employees.
2007-08-16 07:07:38 · answer #3 · answered by katiesquilts 4 · 1⤊ 0⤋
The employer is offering you coverage, and it's almost certain that they are paying the majority of the premium. Very few employers pay the entire premium; they expect employees to contribute.
2007-08-16 11:07:04 · answer #4 · answered by Christie 4 · 0⤊ 0⤋