i'm going to start working next month and my employer said that i'll have health insurance after 3months. i really dont know how it works coz this is my first job. do i have to pay the insurance company every month or year? do they take away something from my paycheck? if so, what percentage? and if i'm going to pay something, what is it and how much? i dont get sick a lot so i guess i wont be using it that much, prolly only for yearly check-ups and i wear glasses so i guess i would need my eyes checked to... i kno i have a lot of questions... please enlighten me. thanks a lot!
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I know, this is not something they cover in school (they should!). The three month period is to prevent you from taking the job and the insurance with an unknown pre-existing condition. They'll give you options (how many depends on your employer) of high-copay (what you pay up front at the doctor's office), low-deductable (what you pay every year before the insurance starts to kick in) or low-copay, high-deductable. The premium is a separate, monthly fee you pay (usually taken out of your paycheck before you get it) for the privalege of having insurance. The amount varies depending on the deductable and copay you want (if you have a low copay or deductable, the premium goes up because the insurance company assumes you anticipate going to the doctor more). Some employers pay some or all of your premium, so ask how much they'll cover before you choose a plan. Eye and Dental are usually additional options that you pay extra out of your paycheck each month. According to your details, you probably want a low premium, high-copay, high-deductable plan with the optional eye plan.
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