04:05 Issue 6

GLOBAL PAYROLL MAGAZINE

79

ONER’S

for most healthcare is not a government program funded by social taxes. Coverage in a plan (and there are a variety of plans) can be provided by employers; some are required to offer employees at least minimal health care insurance coverage. Many pay a good portion of the cost to be in the plan, but employees generally also pay a substantial amount of that cost, and must absorb charges for medically- related services that may not be fully covered under a particular plan.

Where you live in the world can impact your access to health care and who will pick up the financial liability for coverage. In the United States, these two events are among many costly healthcare events in one’s lifespan, depending primarily on who you work for and where in the U.S. you may live. Citizens in the U.S. are required to carry medical coverage for themselves and their dependents. But, unlike many other countries,

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