Compensation for Nurses in the US
Can you talk us through who pays for what?
Sure and of course, this will vary among employers. And I think we can say that most employers would contribute, maybe at least 50% for health insurance. But many employers will pay for all of it.
Methodist Le Bonheur Healthcare pays for roughly about 80% of the health insurance. So if you were to try to buy that on your own, certainly it would be much more expensive. We've generally will make a contribution also to dental insurance, and then provide life insurance at no cost. And the average for that is usually maybe one time your annual salary is provided at no cost. And then additional amounts are available for the nurse to purchase.
Long and short term disability a Methodist Le Bonheur provides those to employees at no cost. But there may be a small premium for that at some hospitals, depending on where you're working or whether it's for profit or nonprofit or government, I mentioned for sure. And then when we talk about retirement, so this one shows 401k. There's going to be a contribution by the associate but then usually the employer will match that in some way also. And then of course, the federal law requires that we pay Social Security and Medicare tax and this one listen to lists tuition reimbursement. So that's a part that Methodist Le Bonheur provides and many employers are doing that to help you further your education.