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Phantom Raise

October 30th, 2006 at 06:35 pm

When you get a $5500 a year raise that is good right? This monetary raise was supposed to cover that fact that I will not get paid time off from my new company...

Well how about if you then find out that Health Insurance is $225 a week...you read that right WEEK. I paid $400 a month for health dental and vision with the other company...I flipped out when I first saw this. But I had a day and a half to relax and think of a way to explain this without screaming and with fine and Friday being the only words I used starting with an F...

Background information: I am sitting in the same seat, have the same phone number and do the same job, just the money is coming from someone else now.

So that makes the net raise about -$1750 with dental and vision. So...I called the company and politely asked for more money to counter the increased costs of their benefits package... They increased my pay rate by another $5000!!! This will go up more with OT. Man am I glad I called them back and politely explained the costs associated with what was supposed to be a move that was done to benefit me!!

4 Responses to “Phantom Raise”

  1. Broken Arrow Says:
    1162239305

    Wow, why is it so high? Mine is, at best, only half of that, and I haven't really optimized my policy.

  2. The Frugal Law Student Says:
    1162244671

    That's insane. Are you married? Would it be possible for you to use a healthcare provider outside of your company? Im sure you can find better rates than that.

  3. nanamom Says:
    1162255387

    Good for you for getting more money.

  4. Money Talk$ Says:
    1162299678

    They said it was so high because it is unsubsidized. Basically it is the standard non-group rates for BCBS in the area...which I did confirm on the BCBS website...so I wil be looking elsewhere for health coverage. Anytime you could make the COBRA payment on your previous insurance for less then the cost of the new insurance...your company might as well not advertise them as part of a benefits package...

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