Can anyone from JPMC USA help me with information about your health insurance coverage provided by the company? I have an offer from JPMC and am evaluating if I want to join or not based on dependent health coverage. In the benefits package I got, I see JPMC takes the "self funded" approach to fulfil the employee claims. Which by my understanding means that JPMC pays for all the employee medical claims out of their funds/pocket and insurance company only checks the policy eligibility to approve or reject. Unfortunately my dependent needs an expensive treatment that costs ~4 million USD as per the doctors. Assuming she is medically qualified from all the insurance terms and conditions, would JPMC fulfil this 4 million claim when the time comes? Please help. I am in a desperate situation. YOE: 9 TC: 187k -> 0 ( got laid off recently )
It's insurance. If it's medically necessary, covered and you stay in network they'll cover it. 4mil is a drop in the bucket for them and they see and pay these kind of bills every day.
Sorry to hear about your medical costs, OP. The medical insurance provided by JPMC is mediocre at best even though we pay a lot for it. Here is a quick summary: https://myhealth.jpmorganchase.com/hrgway/api/myhealth/1.0/downloadFile/2022_US_Highlights_Benefits_Program.pdf
It is mediocre, expected better from organization with such a huge employee strength. I pay 600 per month approx for two people with not so great coverage and that is the best plan available.
Can you elaborate on what is it that you don't like about your medical benefit? From your 1st hand perspective i want to understand what is lacking
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Their health benefit is garbage