Hi, I am working for X-employer and my wife works for Y-Employer. What is the pros/cons of Health Insurance/Benifit? Is it good idea to go with respective employer? Or If I add my wife health benifit in my Employer and she can get more money in her pay check? Could any one explain it?
Insurance - 2 Answers
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1 :
If you add your wife to your plan you'll have to pay extra for that, and vice versa. What you want to do is compare the costs and benefits of the two plans. What are the deductibles and out of pocket expenses? How much will you pay in premiums? Figure out how much it will cost all ways - to both go on yours, both go on hers or stay separate. Then, taking into consideration the different plan options, go the way that uses your money best. Good luck!
2 :
That depends on lots of things. Some employers pay all of their employees insurance costs, and nothing for the dependents. If this is the case for both of you, then you should each go on your own employer's group plan. Most employers do not "pay you" to not be on their plan. And, usually it is best for each of you to go on your own employer's group plan. You each need to find out what your costs and benefits are for just yourself, and to add your spouse. Decide which is best for you based on that. If you have a good HR department at either place, they should be able to look at your info and help you decide.
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