Health Insurance

## Health Insurance

Health insurance covers medical costs and is a critical component of total compensation, especially in the US where employer-provided coverage is the norm.

### Models by Country

| Model | Countries | Description |
|-------|----------|-------------|
| Single-payer | Canada, UK (NHS), Taiwan | Government-funded universal coverage |
| Social insurance | Germany, France, Japan | Employer/employee contributions to statutory funds |
| Employer-based | US | Employer provides private insurance |
| Hybrid | Australia, Singapore | Government base + private supplement |

### US Employer Coverage

Average annual premiums (2024): ~$8,400 single, ~$24,000 family. Employers pay approximately 83% of single and 73% of family premiums. The employer's share is a tax-free benefit worth $6,000–$17,000+.

### Impact on Total Compensation

In the US, health insurance is the most valuable non-cash benefit. When comparing offers, the quality and cost of health coverage can be worth $5,000–$15,000 in after-tax value.