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Employer Issues
Reply to "health care stipend"
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[quote=Anonymous]It's not common, but not totally unusual either. Some people wait and add this as a benefit the second year of employment. We pay our nanny's health insurance, but we were also able to find a reasonably-priced policy. For her first year with us, we were willing to contribute $200/mo for insurance. She found a policy for $210, so we agreed to pay all of it. Since then, we've switched to using SHOP (the small business exchange), and we pay more, but the insurance was much better (this was an increased benefit in later years of employment). Health insurance on the exchanges is priced by age, so whatever stipend you give will not go as far for an older nanny. I suggest you think seriously about this, and if you can't afford it easily, even consider offering the nanny a choice of a higher wage/no insurance (some nannies will already be covered through a spouse or parent) or lower starting wage/you pay all insurance (you won't be able to cover all the cost this way, but you might be able to increase the stipend to cover a decent policy). If you know your nanny has health insurance, it is much easier to know what to do if she becomes ill.[/quote]
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