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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: max9505672 on February 11, 2017, 03:53:59 PM

Title: Company insurance, are they obligatory?
Post by: max9505672 on February 11, 2017, 03:53:59 PM

Hey guys!

I recently started working for a big size company which offers different kind of insurances (health, meds, life, etc.).

The amount I have to pay for those is a puercentage of my salary which is taken straight from my paycheck.

I've been told that, as an employee, you don't really have a choice to take and pay for those insurances since the system is based on every employee's contribution. But I was wondering is this is true? Could I decide to cancel them/not pay for them and don't benifit or is it really obligatory?

Thanks

Title: Re: Company insurance, are they obligatory?
Post by: marion10 on February 11, 2017, 04:11:57 PM

Totally depends on the company. Have you seen anything in writing on this.

Title: Re: Company insurance, are they obligatory?
Post by: MDM on February 11, 2017, 04:41:32 PM

Quote from: max9505672 on February 11, 2017, 03:53:59 PM

I recently started working for a big size company which offers different kind of insurances (health, meds, life, etc.).

Is one option an HDHP that would allow you to open an HSA?

Title: Re: Company insurance, are they obligatory?
Post by: Metric Mouse on February 11, 2017, 05:15:24 PM

If youbare in America, the ACA will require you to have insurance to avoid a tax penalty. That may figure in. Life insurance though those big companies can be an alright deal though.