Starting a new job. My company pays 100% of my premiums for the HMO/PPO of my choice. What does this mean?
What do I pay if anything? Sorry to reveal my ignorance. I'm not good with employer/ employee insurance and how it works.
It means you don't have to pay a monthly amount and that you are really lucky. Hold on to that job!
That means if you quit, the Diva will have to take a flight to your house and drop kick you down a flight of steps.
It means that they pay 100% of the normal costs you would pay for health insurance. You will not see a deduction for health care come out of your paycheck.
The only thing you should be responsible for is your co-pay (a small portion, normally $10-20 paid out of pocket whenever you go to the doctor).
Yo go girl! Awesome company to work for!
Diva
PPO is the better choice.
It means you're getting a sweet deal. You may have some co-pays or deductibles to pay when you get medical care, but nothing is coming out of your paycheck to pay for your insurance.
It means you are seriously lucky. Wish I had your job. All you have to do is pay your co pays, prescription co pays stuff like that. Lucky You!
I'd like to work there...no premiums for health insurance !!
that means you got free healthcare...
oh, I thought nobody got that anymore! (if you listen to the leftists)
congrats.. it's a good benefit.
you might have to pay copays when you visit the doctor, etc. (10-20$ per visit, etc)
You'll pay a co-pay. That's it.
Congrats on the new job..... and great benefits! You don't have to pay anything except a copay when you go into the doc's office..... I would definitely go with PPO (Preferred Provider).
Lucky you! It means you don't have to pay anything for you insurance, unless you have a co-pay for doctors visits or pharmacy needs. Co-pays are usually only about $20, so if that's all you have to pay for insurance, you should be really happy.
They will pay the monthly fee for you to maintain insurance. You may still need to pay co-payments and/or deductibles depending on what insurance plan you ultimately select.
You're very lucky! You'll need to find the best insurance to fit your needs. That may mean that you'll pay a small co-pay when you go to the doctor or pick up a prescription. There are a ton of different insurances out there - you'll want to look around. Congrats! Wish I could find a job like that!
PPO= Participating Provider Option
HMO=Health Maintenance Organization
It means that they buy your health insurance for you. You may still have to pay a deductible or co-pay for using services depending on the plan.
probably a co-pay for dr visits which is usually from 10-25 bucks.
You are a lucky duckie!
PPO is better, by the way. You have more choices and freedom.
Wow, it means you got a great deal! Most companies only pay a % of your premiums each month for your insurance and you have to pay the rest. You would still have a co-pay when you go to the doctor or get medications but that is way better than a co-pay AND a deduction from your pay for premiums!
That means you don't have to make any payments, monthly to have health insurance. That is a huge benefit. You will, however, have to pay for your deductibles, if any, and any co-pays (for example $10 for a prescription).
PPOs allow you to see any doctor you want. PPOs rely on networks of doctors. If you see an in network doctor, your premiums and co-pays are less. You can see a doctor out of network too.
HMOs restrict which doctors you can see. You can only go to doctors in the HMO network. The upside is there are typically little, if any deductibles in HMOs. And, your co-pays are minimized too.
If you don't mind the hassle of being limited to doctors in network - HMOs are the way to go over PPOs unless you have an illness - in which case you might be better off with a broader network of doctors.
It means you have a great job and great insurance and i bet you make alot of money
It means that you are not responsibile for paying any share of the cost of the coverage. You may be responsible for co-pays or any costs above what the plan covers. It's a very competitive benefits plan. Most employees today pay close to 10% of premium cost for their coverage, plus the co-pays, etc.
it means free insurance. You dont pay anything for the insurance. You will have to pay the co-pays or deductables if you go to the doctor. Its like if they bought you a car but didnt pay for the repairs. good deal though!!
It means that you will not have to pay for your benefits, but you will be responsible for any co-pays and deductibles.
It means you should count your blessings... it's extra cash in your pocket. Be happy and do the neutron dance =) Congrats.
It means you're lucky to have a job with great benefits! Congratulations!
100% means all. they pay all the premium for the insurance, however i think you will pay the co-pay for visits and such. so if it costs $100 a month and a $10 co-pay per visit they will pay the $100 and you pay the $10 when you visit the doctor.
Your company will pay your monthly payment to be a part of the insurance program. You will have to pay your own individual bills such as copays and deductibles. Make sure to read the information carefully though before choosing an HMO or PPO.
It means you will have employer-paid medical insurance through an HMO or a PPO.
You will have to pay your co-payments and deductibles for medical services, office visits, prescriptions, etc., all in accordance with the terms of the HMO or PPO plan you choose. You will not have to pay the premium for that insurance, however if you want to cover a spouse or dependents under the same coverage, you may need to pay their share of the cost. Speak to the human resources department or the manager at your new employer for further information on your options.
It means you dont have to contribute any money for your health benefits. Its a very good plan...my husbands company is the same way. Congratulations
It means you have a damned generous employer!
If I understand you correctly they will pay 100% of the cost for your medical insurance. This does not mean that they will pay the out of pocket cost of medical expenses not covered by insurance, but they will pay for the cost of the insurance itself.
Keep that job!
Answers:
free insurance you pay a co-pay if any depending on your area the PPO might be your better option
you pay nothing for medical insurance...more money in your pocket!