Monday, May 16, 2011

What does it mean when a company will contribute 50% of single health insurance coverage?

What sort of co-pay does that amount to? Does this suck?
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It usually means they will pay 1/2 the premium for you as a single person. You would have to pick up the other half as well as the premium of additional family members. Usually you would pay this out of payroll deductions. Co-pays and the like are based on the terms of the health plan for which the premiums are being discussed.
Source

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