Insurance FAQ
 

Can An Employer Compensate Employees Who Don't Elect To Take Employer Sponsored Health Insurance?

Question by Denise Y | Posted in Insurance

If the employer pays a portion of each employee's health insurance, can the employer provide some sort of compensation to those employees who elect not to take the health insurance?

Answer: They can. (In fact, mine does - we get a whopping extra $20 a pay period if we don't take the medical coverage. lol)

But they aren't required to do so. And most employers don't.
 
 

Can My Step-son Be On Medicaid If I Choose Not To Enroll Him In My Employer Sponsored Health Insurance?

Question by foot_long_meatball | Posted in Marriage & Divorce

Can my step-son be on Medicaid if I choose not to enroll him in my employer sponsored health insurance

Answer: Sure...the rest of us should have to pay for him since you are unwilling......

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Can Group / Employer Sponsored Health Insurance Deny Me If I Have Had Any Type Of WLS (Lap Band) Surgery?

Question by RackEm | Posted in Other - General Health Care

I am in the approval of WLS and worried that if I switch jobs and have to change insurance carriers, that I will not be covered. I cannot find any regulation / documentation stating that WLS will automatically limit my insurance choices. I have heard that this only applies to people buying private health insurance, not those using group / employer health insurance. Thanks in advance

Answer: If you switch group policies and have a break of less than 63 days between coverage you cannot be denied coverage on the new plan nor will you have any exclusions to coverage. However, many employers do not offer benefits until you've had a 90 probationary period. In this case, you may need to take COBRA (if offered) or delay the new job.

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What Is The Effect On Demand For Employer Sponsored Insurance If Marginal Tax Is Cut?

Question by Proud Papa | Posted in United States

Economics question, what is the effect on demand for employer sponsored insurance if marginal tax is cut?
In the 1980's did more people want employer sponsored health insurance or less because as marginal tax is cut the they needed less of a tax shelter.

Answer: You might influence optional expenditures with tax policy but you won't significantly impact an expenditure that is seen as mandatory or at least very important. Changing tax rates would impact charitable donations far more than it would affect the choice to buy or not buy health insurance.

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Economics Question, What Is The Effect On Demand For Employer Sponsored Insurance If Marginal Tax Is Cut?

Question by Proud Papa | Posted in Insurance

In the 1980's did more people want employer sponsored health insurance or less because as marginal tax is cut the they needed less of a tax shelter.

Answer: Honey, EVERYONE always wants a tax shelter!!

The marginal tax rate doesn't affect the demand for employer sponsored health insurance.

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Gruber's Latest Paper on Employer-Sponsored Health Insurance | The ...

by Arthur_500

Yet any individual’s decision, such as switching from group to non-group insurance, is not reflected in that individual’s wages. rather, the savings to the firm (or the cost to the firm) is passed along on average to all workers in the firm. If [the] tax subsidy is removed (or mitigated), then healthy workers may find better prices in a more closely experience-rated non-group market, and to some extent abandon the cross-subsidized employer pools. Any firm-wide reaction, such as dropping insurance or lowering employee contributions, is directly reflected in wages. This effect could be reinforced through the reduced influence of non-discrimination rules that are enforced indirectly through the tax exclusion. The concluding section of the paper summarizes simulation results for a variety of changes to tax exclusion policy. Included among them are exclusion cap policies, akin to though not equal to the proposed Cadillac tax....

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