As a medicare supplement plan agent and health insurance broker, you can rest assured that insurance premiums will be automatically deducted for each of the 26 payment periods throughout the year. Employees will still have the convenience of paying part of the monthly cost of the health benefit premium through automatic pre-tax payroll deductions. Whether you are paid every other week or monthly, the payroll deductions will be made on the first two paychecks or held monthly, respectively. Additionally, there is a link between Flex Spending Legal Insurance, California Casualty Scholarshare, savings and credit unions and 43B loans, parking and transit, etc.
The university invests in you by contributing a significant amount to the cost of your health benefits. Payroll deductions are deducted in this way to offer employees who pay biweekly a more predictable net or net wage. Use the health plan rate calculator if you don't have a unique name or if you want to see how an appointment or a change in salary could affect your health plan's monthly rates. The items mHealthy Programs and mHealthy Rewards listed in the BENEFITS PAID BY THE EMPLOYER section of your paycheck are amounts that the university contributes in each pay period to offer programs and incentives designed to help teachers and staff improve their health and well-being. The rates for your current health plan will be shown at the top of the page; scroll down to see the rates for your dental, legal and eye health plan.
When there are three biweekly paydays in a month, fixed dollar deductions are not deducted from the paycheck received on the third payday. If your election schedule and payroll limits mean you don't have a deduction or retroactive coverage, the amount will be deducted from your next available paycheck.
