According to the latest data from the Bureau of Labor Statistics, the average wage for workers covered by an insurance policy is $8,200 per year.
In contrast, the median wage for non-workers covered by a policy is only $6,500 per year according to the BLS data.
So, in theory, if you had an insurance plan that paid you the same $8k as your coworker, you could probably get by with it.
But the truth is that many workers do not qualify for the policy because their insurance is too expensive or they’re not in a position to afford it.
While there are no laws that prohibit employers from taking away your wages, there are plenty of laws that require you to prove your employment, such as minimum wage, overtime, and holiday pay.
The fact that you’re unable to prove that you’ve worked your full job does not mean you are not entitled to the money you’re making.
And, of course, if your employer does not pay you overtime, you can be hit with a penalty of $10 per hour.
Here are some things you should know about the ‘insure versus ensure’ policy.
When will my employer take away my wages?
The ‘insurance vs ensure’ insurance plan will be cancelled if your wages fall below $8K.
You can find out if your insurance plan has already been cancelled by going to your local health insurance provider and using the information in their cancellation form.
What happens if I get a sick day?
If you receive a sick or injury, you have up to 10 days to file a claim for reimbursement with your insurance company.
If you have a family member, you also have up