>>12080741Employers are under no obligation to provide health insurance for their employees. Many choose to do so as an incentive/benefit.
The company I work for offers employees health insurance. During "open enrollment" (usually in October and period of a few weeks) I am offer four choice of coverage options. This is for the next calendar year of coverage. The options determine your out-of-pocket costs (deductible) and level of coverage. It is an insurance policy. The costs are shown so I can see how much my health insurance costs for the year are.
Usually, the health insurance offered via employers is better coverage for cheaper rates.
The health insurance costs are deducted from my gross pay.
Some insurance policies have a total limit of payout. For example, if you have coverage up to $1,000,000 you only get this total amount of money per year. If you had a medical crisis where your care would exceed this amount, then you are responsible for the bill. That is where most people get caught up in medical debt. That or they simply did not have any insurance whatsoever. In either case, you can declare bankruptcy and discharge the debt. OR, you can negotiate the cost of the bill downward by huge margins with a debt relief agency.
