send help – new job
so, I received an offer for a new job that has a base pay plus a stipend which I have never encountered before. I would need health insurance for just myself. From my understanding, I get paid my base pay on top of my stipend divided up each pay period. Health insurance comes out of my base pay, but the company uses the stipend to completely reimburse it. The company stated that what isn’t used in the stipend for health insurance, dental, or 457 can be pocketed. Am I understanding this right? Has anybody else experienced this? Thanks in advance 🙂
From my offer letter: “Employer provided benefits: • Base Salary = $55,000 • Benefits Stipend = $14,850 – Employer paid health care (insurance) cost (full year annual)* – 457 Retirement plan benefit (10% of base)
Total = $69,850”
Clarification in email on health care plan costs. I think dental is like $25 a pay period and I don’t need vision.
“For yourself, it would be $207/pay period or $414/month. That amount, $414, would be reimbursed back to you completely at 100 percent. You will receive a separate line item in your paystub so that you will receive separate gross earnings line item/amount above your base salary. (Name of company) currently pays the balance after the employee pays: $ 414.00 Employee Only $ 944.00 Employee & Spouse $1266.00 Employee & Family Thank you for the opportunity to clarify this for you.”
submitted by /u/llw2818
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