<p>The W2 number is the total premium cost including both employer portion and employee portion, so your total premium was $16,690/year, of which you paid $320/month, emilybee.</p>
<p>The average cost for a family for employer-supplied insurance last year was over $20K.
[Healthcare</a> Costs for Insured American Family Top $20K in 2012: Milliman](<a href=“http://www.insurancejournal.com/news/national/2012/05/15/247598.htm]Healthcare”>Healthcare Costs for Insured American Family Top $20K in 2012: Milliman)</p>
<p>“The W2 number is the total premium cost including both employer portion and employee portion, so your total premium was $16,690/year, of which you paid $320/month, emilybee.” </p>
<p>Ok. But it is still a lot of money especially considering the very large group NYS insures.</p>
<p>As an aside - NYS employee group insurance became completely ACA complaint in 2010 - after ACA passage - so I don’t think our rates are going to go change much more than the typical yearly insurance rate of the past. And they appear to be less than the cost of the Cadillac plans which are going to be subjected to the additional tax. </p>
<p>Just for a comparison, I read a few day ago that Goldman Sachs health insurance plan costs $40K/year!</p>
<p>What are people saying who’s signing up for ACA? Was it about $16K premium on the average or was it lower? If you include OOP, we should compare to $20K cited by CF.</p>
<p>Igloo, I pay OOP costs besides the premium, too. I also have a deductible of $2000/person - though because I use preferred providers I haven’t had to pay that.</p>
<p>I don’t keep up with tax laws, and am weak on them. How much of the health insurance premium can one deduct these days? I know that it used to be half would go towards the medical expenses category, that had to exceed 7% of AGI if you had deductions that exceded the standard deductions. My mother is so low income, and paid enough in premium and medical cost one year that we did get her tax bill down. That she is a federal retiree widow of a certain sort, means federal pension rather than social security, so it’s fully taxable. It’s ludicrous IMO that she has to pay federal taxes when so many who get far more than she does, are exempt since their pension are through social security, like my MIL.</p>
<p>Ok. Nevermind. CF…great link.</p>
<p>If a company self insures… Would there be a dollar amount for employer’s contributions on the W2?</p>
<p>10% of AGI is the new deduction for medical exprnses. </p>
<p>[Tax</a> Topics - Topic 502 Medical and Dental Expenses](<a href=“http://www.irs.gov/taxtopics/tc502.html]Tax”>Topic No. 502, Medical and Dental Expenses | Internal Revenue Service)</p>
<p>emily, I was comparing CF’s $20K average cost to mnmomof2’s $16K average premium in #3234. So many numbers are flying. Looking back, I found a few posted their ACA premium $18K or over. It’s higher than $16K. It’s possible they have lower deductibles to even it out.</p>
<p>jbsmom, thanks for that clarification. My wife and I are both 60, and will face much higher (list price) premiums. So all they are doing on the website is presenting useless and confusing information. I find that extremely annoying. And why do they do that? Probably so they can state publicly that policy premium information is up and running and available on the website.</p>
<p>I figured I would go back and see what our plan would be on Covered Caliornia, not if we chose the cheapest, but the one that we currently get in group insurance. </p>
<p>It is a Kaiser 90 plan, gold. </p>
<p>Monthly premiums $1666
Spouse 1 $524 month
Spouse 2 $503 month
Child 1 $213
Child 2 $213
Child 3 $213</p>
<p>No deductible. 1 preventative care visit per year. $5generic copay prescription. $15 brand name prescription. $40 specialist copay. $150 ER copay. </p>
<p>Luckily, we have good insurance. Right now. I also am well aware that we could lose employment and end up back paying this on our own, not in pre-tax dollats, either. As Dstark pointed out, those premiums our employer pays and our own pre-tax contributions are cheaper than if paid on our own. </p>
<p>My mortgage paynent is just slightly less than this premium cost, not including property taxes.</p>
<p>Not eligible for subsidy.</p>
<p>Has Covered California put up the full list of providers under each company’s plan yet?</p>
<p>Without that information consumers would be buying the proverbial ‘pig in a poke’.</p>
<p>“As Dstark pointed out, those premiums our employer pays and our own pre-tax contributions are cheaper than if paid on our own.”</p>
<p>What is the total cost of your employer plan for this same policy?</p>
<p>This is going to grow. Ultimately, I’m more concerned about quality of care which could end up penalizing everyone but the wealthy who will go to concierge care as they do in the UK and Canada. And yes, the very poor will benefit. That’s a good thing, but at what cost?</p>
<p>SamuraiLandmark… That is nice coverage. </p>
<p>On the w2… It is line 12dd that tells the employer coverage, right?</p>
<p>“DD Cost of employer sponsored health coverage”</p>
<p>It looks like there will be another wave of disappointment when the website is finally fixed and running. Anyone between 28 and 49 and 51-64 will find their premium went up from previous quote.</p>
<p>Yeah well right. Now it is 3% but I doubt the employer provided insurance will remain as it is. It will go up, too. It would be just matter of time.</p>
<p>“On the w2… It is line 12dd that tells the employer coverage, right?”</p>
<p>Online, it says that the line 12d shows the total cost of coverage, including what the individual and the company paid.</p>
<p>Interesting to me…my family coverage only costs $9,193, including my portion (of about 2K). This is for 0 deductible, 90% coverage, just about everything I could imagine coverage. Extremely good insurance. Wonder why it costs them so little? And no, it’s not because they are only covering the healthy, with no preconditions. Every employee and their families are provided comprehensive insurance if they choose.</p>
<p>I posted the amount in a post a couple pages back, emilybee. I think it was 11, 898 for employer part and 5100 for family - total per month for both, $1425, pre-tax. </p>
<p>It is great coverage - with all the pros and cons that comes with Kaiser. </p>
<p>It is also pre-tax dollars.</p>
<p>busdriver - doesn’t your company self insure? I thought you mentioned that before.</p>
<p><a href=“https://www.healthcare.gov/will-i-qualify-to-save-on-monthly-premiums/[/url]”>https://www.healthcare.gov/will-i-qualify-to-save-on-monthly-premiums/</a></p>
<p>I am posting this because this can get lost in all the posts </p>
<p>I think my sister 's family may qualify After taking tax deductions</p>