{ "media_type": "text", "post_content": "This may be a dumb question, but what happens if you have your own employer provided health insurance/ medical coverage, and are still on your parents’ coverage? Which becomes your primary?", "post_id": "5eab41f2429ae30021c1c188", "reply_count": 16, "vote_count": 1, "bowl_id": "5e6fe1c31f5e51001d267e46", "bowl_name": "Coronavirus Work-life" }

This may be a dumb question, but what happens if you have your own employer provided health insurance/ medical coverage, and are still on your parents’ coverage? Which becomes your primary?

like
Posting as :
works at
You are currently posting as works at

1. Why are you paying for insurance if you have free insurance. 2. The primary insurance should be the one with lower copay or better coverage

like

Bruh. That’s not how any of this works.

likefunny

I’d imagine which ever you choose, but technically you are paying for both. I’d choose the one with lowest deductible and co-pay for the given procedure. Question is why would you pay for both?

likehelpful

EY2 is 100% spot on. In my case, they actually reversed a claim they had already paid until I could provide a coordination of benefits. Insurance companies are sneaky.

The insurance contract will often define this, and often will each say they are secondary to any other insurance.

like

Id definitely stick with your parents insurance if the numbers make sense. Save that $

like

I’m currently covering an adult child who has insurance through his employer. You should be analyzing the cost of each plan and consider how much healthcare you are actually using each month. Having two plans often ends up costing a LOT more (premium plus deductible) than if you just chose one of them. Consider these things: -Employer subsidy/your actual cost of premium: How much is your parents’ share of the premium on their plan for you? How much is your share of the premium of your own employers’ plan? Not all employers offer a subsidy on health insurance for an employee’s family members so the premiums can vary wildly. -Other children - do your parents have to be covering other (minor) children? If so, having you on the plan might not be creating any incremental increase in their premium. -Deductible on each plan - how much will you pay out of pocket on each plan before they start covering some of your care? -After the deductible, how much of your care is actually covered? What is the copay or coinsurance each time you go to the doctor? -Your health - how much insurance do you need? Think about how many times a year you go to the doctor and any maintenance meds you need. If you’re young and healthy you might choose a high deductible, low premium (sometimes called catastrophic) plan. If you have chronic conditions though, perhaps a lower deductible/higher premium makes sense.

like

Has anyone been in this predicament for a longer period of time? (6 months or more)

Are your parents insured through the Health Insurance Marketplace? If so, assuming your employer-provided insurance meets the requirements for minimum essential coverage, you can no longer stay on your parents’ plan.

I was like that for my first couple years of work. I stayed on my parents plan. My employer actually cashed the premium. I had around 500 bucks after tax extra every month till 26. (My birthday is in August, so I was be able to have coverage with parents till December) hope it helps

I was in this situation for a while until I turned 26. My parents paid a shitton to keep the family on my dads plan so one more kid wasn’t a big deal. Came in super handy during an ER visit. I think my own insurance became primary and my parents was secondary but I also know healthcare providers screw this up all the time in billing (hello 1 year of credit balance auditing!). The plans usually define who pays and if you have a government payer (Medicare or military) they can be third in line.

Related Posts

Anyone looking to work in medical communications and education within pharmaceuticals? My agency is hiring scientific and medical writers, editors and creatives, as well across the account services teams. I work with great people and have made an impact on many meaningful projects! DM for more info!

like

401K question - if I max my contribution this year and then join another firm - can I still contribute and max that one out as well - within the same fiscal year? Or is it just allowed to max out overall total within a year irrespective of company

like

I'm curious about a job doing something with medical devices or software. I have about 9 years experience as an EMT but only 3 as a developer, so I'm curious if that's something any employers are interested in. Anyone have any insight?

like

For those EAs who are permanently remote, what company do you work for and overall are you okay with your job? Works hours, pay, benefits, PTO

like

What would be a reasonable total comp to exit into medtech or health tech corporate strategy role at senior Manager level? The next level above is Director. Credential is MBA and PhD and 3 YOE post MBA. I’m assuming there is a discount compared to Pharma but is that true? I am thinking base + expected bonus should be at least $210k. Is this too high or low?. Thank you for your insights!

like

What are your firm’s best & worst benefits?

Anyone taking a “sick” day today? Dont feel like leaving my bed and its 8:15.

like

Does anyone know if I switched big four firms if my insurance goes to the end of the year and I just have to pick up the premiums or is my health insurance only valid until the last day of the month?

like

Looking to Recruit Sr. Program Manager in the IT team. $3B global medical device company. Someone who is at SC/M level would make a great fit. DM me if interested

like

I haven't taken a single vacation or sick day in over a year. I'll lateraling to another firm next month (pending conflicts). Would it be in poor taste schedule a vacation prior to giving my two weeks notice? I love my group and I don't want to burn bridges.

like

What is your opinion on GARP financial Risk Manager (FRM) certificate? I am considering taking it (as I am FS Risk Consulting), but I am not sure if it really carries benefits. Apparently it is quite a tough study. Is it worth the time or should I invest my time elsewhere? Also do you have learning material you are willing to share :D?

like

Anyone have luck with Talkspace or online therapy? I signed up for Talkspace, payed, and then was never matched with a Therapist. They refunded me after I reached out but then offered an even bigger discount to give it another shot. My mental health is already strained and idk if I should take a chance with not being matched again. Thanks for any advice and/or help 🐠!

like

I committed to being here for 3 years to get that pension $. But it’s been 6 weeks and I already hate it. Someone please tell me it gets better.

funnylike

401k? Easy to take money out?

like

How many people here want access to mental health resources but don't? If so, what's stopping you from access mental health resources? Professional help availability, money, time, stigma? Have an interesting business idea but looking to validate it, thanks!

likefunny

Has anyone taken a leave of absence for mental health/suicide/depression? I’m getting there but I’m also the primary earner in my house.

like

EY 🐠: How do you get phone/wifi reimbursement, new to the firm and lost.

like

Deloitte 🐠 Can you please tell, what is the cost for the health insurance for employee + family and what are the different coverage options (e.g. 80/90/100 % plans) ?

like

Does industry usually drug test for marijuana? In a medical state w/ a script from a doc. If so, do I just bring my prescription with me as if it were Xanax/adderal/ etc?

smart

My husband and I (both 27) max out our Roth IRAs each year, have a complete emergency fund, and I’m able to start maxing my 401K this year (he contributes 10% to his 401K - it isn’t possible for him to max his based on his current pay). We contribute 18% extra towards principal on our mortgage each month. We now have about $20k of additional savings we want to figure out what to do with. What would you recommend to someone who is new to stocks/investments?

like

Additional Posts

Hi Fish, How to get project in Accenture, Right now I am on bench.Please suggest

like

What is your salary end-goal in the longrun where you‘d be like „i made it“

like

Does EYP have same general health benefits as EY? Was it a downgrade from before acquisition?

like

Can any Evercore folk provide some insight into the culture? Ie Fratty vs academic etc Looking to lateral

like

Maybe this was asked here before, but what happens to your h1b visa if you can’t find another job that would transfer your visa after the 60 days grace period? You will need to leave the country, but

When it's Friday and you fall asleep on the couch watching a WebEx. Not even sorry about it!

like

Hey folks. Have a question for those willing to share your take on this. Pay Tithing on net or gross salary? Do you do the same as your parents did? Have you switched from one to the other?

like

When do you ask about salary in the process if you’d be relocating? Recruiter is calling today to schedule in person interviews. Should I ask now or wait until I’m there? Don’t want to waste anyone’s time...

like

People always say sue the company or owner. Is it that easy to sue someone? Especially around employment when people are getting laid off due to Covid. I think Deloitte or any big consulting firm it’s not easy to sue them, they are well protected

like

If I am now a resident of other state but my office is based in nyc, how will I be taxed?Also Since we have been doing remote work is the income now earned in nyc or in the new state?

like

Should I take a 15% pay cut and leave Accenture for industry? Or wait it out to find a better paying opportunity? Worried about chargeability and layoffs, hate the process of getting staffed. Wondering if it's worth it though for such a big drop.

like

Hi Fishes! I am moving to the Dallas area and I am looking for new opportunities in healthcare. I’d like to transition out of consulting into industry. If you know of any opportunities please...

like

Acn people: Got a generic email from TFS taking about things to do when on the bench, it also mentioned we must now be in the local office everyday, legit or ignore?

like

I currently work as a personal injury lawyer at a small law firm, 5 years experience, graduated from T30 law school in 2015. Our subject area is pretty niche, and I am looking to branch out. Not big law, but a different subject area, and hopefully something with a better work life balance (have a small child with hopes for more). Open to leaving the law for a compliance/HR/other type position. Am I even marketable for something like that? Am I being unrealistic?

like

Was at an event recently. Seems like advertising really only cares about diversity as it applies to white women. I think this industry wants to stay white.

like

Is anyone familiar with Uber strategy roles and salary expectations? Applied for a Sr Associate role and the salary is ridiculously below expectations and what I earn now.

like

As a Deloitte consultant, doing the same role, is there a significant salary difference across the top cities? (Seattle, NY, etc?) Also is it easy to relocate cities after being hired into one city?

like

Would anyone at McKinsey be willing to help me prepare for the PEI portion of interviewing? Have my super day coming up and just want to fine tune my understanding of the format. Thank you!

like

Does anyone know about the strategy team at Robinhood and maybe the interview process?

like

Applying to McKinsey & Company & Boston Consulting Group be an associate after being a SM1 at PwC and SC at Deloitte. Below T20 MBA and worked in FDD and DDV at D and PWC. Do I have a realistic chance to be interviewed? Does it make me look too desperate?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal