Health stipend - is it $165 always or, UP to $165?

Hi all! I was wondering something about the new health stipend. If my monthly health premium is less than $165, do I still get the full $165 stipend? Or do you only get the cost of your premium, up to $165? My monthly contribution is calculating at $69 per month pre-stipend. So since the …

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Health Stipend - Is It $165 Always Or, UP To $165?

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

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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 …

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Question About The $165 Health Stipend And Health Insurance

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But If the remaining amount doesn’t get reimbursed to employees, I should have chosen a different plan to get better insurance and utilize the full $165 stipend. Now I am only utilizing …

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Your Recent Paychecks Include A 3% Raise From Our New Contract!

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Aug 2, 2024 · Special Salary Adjustments (SSAs) of 5% or more for more than 170 different classifications to address recruitment and retention issues and below-market pay rates. A …

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When Does The Health Care Stipend Go Into Effect?

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Health stipend for $260 is mainly for supervisors, managers, excluded, etc and that started with the December 2023 pay period. The one you’re likely talking about is the $165 that is not a …

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After Over 4 Months Of Negotiations, Our Bargaining Team Has

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Just checked my pay advice and the Healthcare cost is starred which means pre-tax. So instead of $260 taxable, we end up with $165 extra taxable income from a pre-tax deduction decrease …

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FAQs about Health stipend - is it $165 always or, UP to $165? Coupon?

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. ...

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. ...

How much does a health stipend increase a year?

AGPA's get a 3% annual increase and a conditional 1% increase the last year if the Director of Finance says so. The health stipend isn't really a stipend, but a $165 increase in employer contribution to your health care premium. You won't see the actual money, just a possible decrease in your health care contribution. This doesn't start until Jan. ...

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. ...

Is a health stipend taxable?

The health stipend isn't really a stipend, but a $165 increase in employer contribution to your health care premium. You won't see the actual money, just a possible decrease in your health care contribution. This doesn't start until Jan. Actually is not taxed. ...

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. ...