Health Stipend, I just got it and now I'm confused?

I just checked the ACSS website and according to the news release from August 21st "The recently discontinued health affordability stipend (which was $260) is replaced with the state’s …

$260
OFF

Health Stipend, I Just Got It And Now I'm Confused?

4 weeks from now

I just checked the ACSS website and according to the news release from August 21st "The recently discontinued health affordability stipend (which was $260) is replaced with the state’s …

reddit.com

$5000
OFF

New Contract Health Stipends : R/CAStateWorkers - Reddit

4 weeks from now

If I pay less for my benefits but I'm taxed on the amount I don't pay then my taxable income is higher. Before the new MOU assume my net take-home pay was $5000/month. With the new …

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$260
OFF

When Does The Health Care Stipend Go Into Effect?

4 weeks from now

This direct payment will be added to the state’s monthly contribution to pay for our workers’ health plan. This maintains the effective monthly net benefit of the original $260 health care stipend …

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$510
OFF

My Health Stipend And Geographic Pay Are Showing Up Now

4 weeks from now

On Cal Employee Connect it’s showing my health stipend and my geographic pay. I’m assuming GeoPay is labeled as “REGULAR” because the other one is “HLTHCASHPAY”. Gross $510 …

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$0
OFF

Screwed Up My Healthcare.gov Application And I'm Not Sure What …

4 weeks from now

I would keep it and take the free health insurance if you're ACTUALLY making $0 right now. When you get a new job and start making good money, you can update your application. If your …

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FAQs about Health Stipend, I just got it and now I'm confused? Coupon?

Is a stipend the same as health insurance?

A stipend is not the same as health insurance, although employers intend their employees to use the benefit to obtain medical coverage. When employers offer a healthcare stipend, they give employees the option to choose their own individual health plan using the stipend as an allowance for costs. ...

What is a healthcare stipend?

A healthcare stipend is a fixed, taxable amount of money that employees may use to buy health insurance or put toward out-of-pocket costs such as unexpected medical bills. A stipend is not the same as health insurance, although employers intend their employees to use the benefit to obtain medical coverage. ...

What happens if a health insurance stipend is not enough?

Potential Cost Burden: Depending on the stipend amount and the cost of individual health insurance plans, employees may end up shouldering a significant portion of the insurance expense. If the stipend is not sufficient to cover the full cost of premiums, employees may face financial strain. ...

Should you get a wellness stipend?

Employers can’t require employees to spend it on health insurance or ask for proof that employees used it to purchase a health insurance policy. With this in mind, a wellness stipend may be better suited for nice-to-have wellness activities that are more flexible in nature. ...

What happens after you buy a health insurance stipend?

After purchasing a health insurance plan, employees may need to provide proof of coverage to their employer, who will then verify that the plan meets the required standards. This ensures that the stipend is being used for its intended purpose – to cover the cost of health insurance. ...

Can you use a stipend to buy health insurance?

Employers cannot require employees to provide proof that they used the stipend to purchase individual health insurance. This means employees may not always use the stipend as intended. Lona Alia warns: “Most people are not really using it; they’re just putting it in their bank account. ...