Employer pays health insurance

fun loving criminal

Good morning

I had health insurance paid for by my employer a couple of years ago but I ended up leaving that job as I was laid of due to the pandemic. So I didn't continue with the health insurance myself.

I don't remember if had to pay anything towards it myself though. Does this familiar to anyone? I don't have access to my payslips from back then.

I'm starting a new job with the employer paying for health insurance but I really don't remember if I have to pay anything towards it myself. My biggest problem is I can't afford to pay anything myself. So my question is do employees pay anything towards their insurance?

You pay Benefit in Kind on it

fun loving criminal

https://www.boards.ie/discussion/comment/119292592#Comment_119292592

Is this BIK actually taken out of my wages?

Yes

GoogleBot

https://www.boards.ie/discussion/2058253133/employer-pays-health-insurance

Bear in mind. An employer might see your medical claims & what for (health history) when you use company health insurance.

Brian201888

https://www.boards.ie/discussion/comment/119348355#Comment_119348355

They won't get individual specific details on what it was used for

https://www.boards.ie/discussion/comment/119348355#Comment_119348355

No they don't. Such data is classified as sensitive personal data under GDPR.

GoogleBot

https://www.boards.ie/discussion/comment/119348376#Comment_119348376

Ok, things might change. But few years back you could see claims and generally (non specific) describing what the insurance paid for. Obviously you will figure out the employee name by looking at the roster / time table.

wonski

OP, to give you an example if yearly premium paid by your employer is 2000 euro it will cost you around 65 euro a month in additional tax if you are on 40% marginal tax rate.

Generally these policies are poor value until you need them.

There are waiting times for some conditions of up to 5 years when the policy gives you full cover for certain conditions - something to keep in mind depending on what age you are.

Another thing to look at if the employer covers age loading, mine did but only if the policy was taken within 6 months of starting employment. After that I would have to pay the difference separately.

You can also avail of tax credit of 1000 per adult and 500 per child when employer paid your premiums.

This is included in the premium example above.

It's your choice at the end of the day, but I agree health insurance is expensive, even if someone pays it for you.