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 Posted: Sat Sep 24, 2011 5:19 pm Post subject: Money Deducted From Check |
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If someone gets money deducted from their check to pay for health insurance and they do not pay for it out of their own pocket aside from the deduction on the pay stub is that person paying for health insurance each month?
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Nicholas_peters_
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| Posted: Sat Sep 24, 2011 7:55 pm Post subject: |
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I can answer that by simply removing he unneeded portion of your post:
| Quote: | | If someone gets money deducted from their check to pay for health insurance |
| Quote: | | is that person paying for health insurance each month? |
Really made no sense. |
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tcope
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| Posted: Sat Sep 24, 2011 9:17 pm Post subject: |
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Hard to follow what tcope was trying to say. But here's the answer:
If you weren't paying for the insurance, there would be
no money deducted from your wages.
But, it is unlikely that you are paying the full cost of the insurance.
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MaxHerr
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| Posted: Sun Sep 25, 2011 3:39 pm Post subject: |
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| ok here's what i meant...i looked on that person's pay stub and on it it says that money was deducted from their check to go to their health insurance expense...now does it mean that that person is paying for health insurance each month even if they do not pay for it like by taking money out of their savings/checking account to pay for it (and since it is coming from the check to go to that expense)? |
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Nicholas_peters_
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| Posted: Sun Sep 25, 2011 4:01 pm Post subject: |
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| Yes. |
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tcope
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| Posted: Sun Sep 25, 2011 8:14 pm Post subject: |
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| ok so they are paying for health insurance each month even when it is deducted from their check. ok thanks. |
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Nicholas_peters_
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| Posted: Mon Sep 26, 2011 12:06 am Post subject: |
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| Quote: | | now does it mean that that person is paying for health insurance each month even if they do not pay for it like by taking money out of their savings/checking account |
They ARE paying for it. The money does not go from employer to checking account to health insurance company, it goes from employee to health insurance company -- but the employer writes the check. It's exactly the same as having income taxes withheld from the paycheck. The employee pays the taxes but the employer writes the check. After all the deductions are said and done, the remaining money goes to the employee's bank account.
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MaxHerr
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| Posted: Mon Sep 26, 2011 1:20 am Post subject: |
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| ok thanks max |
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Nicholas_peters_
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