Health Insurance Agent Quotes - Buying Health Insurance with Cash Back Rewards on Your Credit Card! - Hello Friend HEALTH INSURANCE AGENT QUOTES, In the article you read this time with the title Health Insurance Agent Quotes - Buying Health Insurance with Cash Back Rewards on Your Credit Card!, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article HEALTH, Article insurance, We write this you can understand. Alright, good read.

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Health Insurance Agent Quotes - Buying Health Insurance with Cash Back Rewards on Your Credit Card!

Health Insurance Agent Quotes - Buying Health Insurance with Cash Back Rewards on Your Credit Card!

Have you seen this Capitol One credit card commercial where the guy earned $36K back in cash back awards?   He said it was enough to pay for his employees health insurance:

Last year, we spent about $30,000 on health insurance for our employees; so, just about what we got in cash back from the Capital One card.

From what I can tell online this company has 7 to 12 employees.  Let’s make the math easy and say they have ten.  So, $3000 a year for each employee covers all their health insurance?  Something doesn’t smell right here especially when you read this recent article that came out on CNN:

Employers and workers together are spending close to $20,000 for family health insurance coverage in 2018, according to a new Kaiser Family Foundation report.

Although premiums have increased fairly modestly in recent years, the growth has far outpaced workers’ raises over time. The average family premium has increased 55% since 2008, twice as fast as workers’ wages and three times as fast as inflation, Kaiser’s Employer Health Benefits Survey found.

Companies pick up most of the tab, shelling out $14,100 a year, on average. Still, workers have to pay an average of $5,550, up 65% from a decade ago.

If my math is correct, this dude had to purchase $2.4 million dollars of business “stuff” to get back $36K.  Good for him. But somehow he is paying $11K less per employee per year for health insurance?  This doesn’t add up.

So who is lying to me?

 

source : https://authenticmedicine.com/buying-health-insurance-with-cash-back-rewards-on-your-credit-card/

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