You need to know. Somebody at your job has already done the math. Go to your boss or Human Resources (HR) person and ask these questions:
• How much did the insurance company charge in premiums for me and my family last year?
• If that number isn’t available, how much did the insurance company charge in premiums for the average employee here last year?
• How much did I pay?
• How much did the company pay?
Make sure you sit down before you read the numbers. People are often surprised—they think the amount deducted from their paycheck is the complete premium. That is merely your share of the premium. It is what your employer did not subsidize. The remainder of your premium is being subsidized by your employer. If you work for a small company, you may have a small subsidy from your employer. If you are a federal employee, you may have a large subsidy from Uncle Sam. From Escape the Cubicle