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-   -   University endowed benefits health insurance "rates" (https://britishexpats.com/forum/usa-57/university-endowed-benefits-health-insurance-rates-769297/)

AmyEllison Aug 23rd 2012 9:44 pm

University endowed benefits health insurance "rates"
 
Hello again,

I am trying to work out how much we will be contributing to health insurance - I will be on Cornell University endowed benefits which has a load of choices of "rates" with the note:

"Rates shown are based on 26 pay periods for nonexempt staff and 24 pay periods for exempt staff and faculty."

This maybe be a really silly question but...I know I get paid twice a month so does this mean a rate of $100, means I have $100 every month or twice a month??

SanDiegogirl Aug 23rd 2012 9:50 pm

Re: University endowed benefits health insurance "rates"
 

Originally Posted by AmyEllison (Post 10243466)
Hello again,

I am trying to work out how much we will be contributing to health insurance - I will be on Cornell University endowed benefits which has a load of choices of "rates" with the note:

"Rates shown are based on 26 pay periods for nonexempt staff and 24 pay periods for exempt staff and faculty."

This maybe be a really silly question but...I know I get paid twice a month so does this mean a rate of $100, means I have $100 every month or twice a month??

Twice a month.

md95065 Aug 23rd 2012 10:41 pm

Re: University endowed benefits health insurance "rates"
 
Yes - a rate of $100 would mean that it is $100 per pay period which, in your case, is twice a month.

Bob Aug 23rd 2012 10:42 pm

Re: University endowed benefits health insurance "rates"
 

Originally Posted by SanDiegogirl (Post 10243477)
Twice a month.

And it's still pretty cheap at that.


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