Sunday, March 27, 2011

What does health insurance subsidy mean?

This is for those out there that know this lingo, because I dont. It was on a job posting and I think that it means they put a portion of payment into your paycheck so that you can pay for your own insurance. Am I correct?
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It means, they contribute towards the cost of your health insurance. Not necessarily that they give you extra money in your check. Most of the time, they TAKE your portion of the cost from your check, and cover you under their group plan.
Source

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