Like is it cheaper to get health insurance with your job and how does it work or how is it different than getting it on your own.
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Employer provided health insurance is cheaper for a couple of reasons.
First off, because your employer pays a portion of the monthly premiums. This lowers what you have to pay.
Secondly, they get a group discount. Because they are providing insurance for a bunch of people, they get charged a lower rate. Similar to when you buy something in bulk as opposed to buying a single amount of something.
As a single person, paying for your own health insurance, you foot the entire bill. And because you are only covering yourself, you don’t get the group discount.
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