First Job Landed - Need Financial Advice About It

Nurses New Nurse

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Hello,

I am in nursing school working as a nurses aide. I will be attaining my ADN within the next 20 days, and taking the NCLEX soon thereafter. I recently had an interview with my manager and I will have a job as a nurse upon passing my NCLEX.

I am 23 years young and live at home with my parents, and will continue to live at home until I finish the goal I've had since before the start of nursing school, practicing anesthesia as a nurse. With that said, I have healthcare benefits until I am age 26. I will not be taking the benefits they would offer me as a full-time employee.

My question is: Can I negotiate a higher starting hourly wage since I am not taking/utilizing their health benefits? Also, do you think I could still take advantage of a 401k if they offer me one?

Any input or help is greatly appreciated. Thank you!

I believe you can only be on your parents benefits if you aren't eligible for benefits on your own.

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Good point guys. Thanks a lot.

Hey Elkpark, I will continue to live with my parents for a multitude of reasons. Sure, it sucks for relationship life, but I have some big goals to nail. I come from a low-end middle class family, but my parents want me to be better off than them, and they say they like having me at home. I help them pay for things on occasion too since I am working full time while in nursing school. I do quite a bit around the house too. My passion to offering high-level care on a daily basis to patients is paralleled by my business side, relentlessness, and competitiveness.

With that said, I want to own two businesses, and rent out properties in addition to practicing anesthesia as a nurse. With the passage of laws and ever-growing freedom/autonomy of CRNA abilities, I may want to do pain management work privately too if possible. I need a large capital to do what I want, and staying at home for a little, living very frugally, and saving a few 100k, and continuing to live frugally, is necessary.

I enjoy things like exercise, weight lifting, motocross, skiing (things I did before I got serious about my career) etc... If I have kids someday, I want the cost of new skis to be secondary to the fun I have. If my wife wants a new SUV that year, I want to be able to pony up and buy it. If I want a squat rack and dumbbells, I want to be able to go buy it. It just may take me about 12-15 years to get there.

I also have a desire to help younger people like me, who have the ambition and drive, but not all the resources readily available at their fingertips to be successful as fast as possible; without any direct governmental/organizational intervention getting in my way of putting my resources where I want.

These things are not of ordinary people though, these things require extraordinary discipline, focus, sacrifice, and time.

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Specializes in medsurg, progressive care.

I'm not sure if elkpark's comment was meant towards me or the OP or possibly both, but let me just end with this: I am in no way, shape, or form "sponging" off my Dad. You do not know my family situation nor the OP's. There are good reasons I am still living at home, and on his insurance. I am a fully functioning independent adult, thanks.

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I was asking the OP specifically, no one else, and my question was really referring onlky to the medical insurance issue. I realize there are lots of different , perfectly reasonable reasons why people live with their parents or other family members. I was just struck by the notion that a licensed professional with employment that provides health insurance would choose to allow her/his parents to keep footing the bill for her/his health insurance.

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My father is in the military and has great health benefits.

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Specializes in Surgery.

I don't think it ever hurts to try and negotiate but realize that them taking you on as a new grad is a huge time investment and you should ultimately accept it regardless because you need a good first mentored learning experience if this is what they offer. As far as 403, you are young, but don't delay too much, even if you can only put in 2% it's better than nothing!

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I believe you can only be on your parents benefits if you aren't eligible for benefits on your own.

That was the case prior to 2014.

[h=4]Q2: What plans are required to extend dependent coverage up to age 26?[/h]The Affordable Care Act requires plans and issuers that offer dependent coverage to make the coverage available until a child reaches the age of 26. Both married and unmarried children qualify for this coverage. This rule applies to all plans in the individual market and to new employer plans. It also applies to existing employer plans unless the adult child has another offer of employer-based coverage (such as through his or her job). Beginning in 2014, children up to age 26 can stay on their parent's employer plan even if they have another offer of coverage through an employer.

http://www.dol.gov/ebsa/faqs/faq-dependentcoverage.html

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Specializes in Cardiology, Cardiothoracic Surgical.

^ I'd investigate the cost of being on your parents' insurance vs. being on your own. For example, in my health org, even though

my husband and I work for the same system, it's cheaper for us to declare insurance separately than him technically being on mine or vice versa. But on some other health care plans, the family plan is fairly cheap.

In other words, if you're trying to save everyone money, you might want to just take your offered insurance.

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Specializes in Pedi.
Wouldn't you already be getting a higher pay than the other new grads who DID take their insurance? If you get insurance through your job, you pay a monthly premium for that insurance. My hospital had different options based on varying levels of coverage. Like you, I'm 23 and will remain on my parents' till I am 26, so I didn't take the hospital's insurance and therefore make a bit more money than the other girl who started with me, who is on their insurance.

Your hourly wage would not be higher, though your take home pay would be (possibly minimally depending on the plan- my insurance costs me $23 every other week [pre-tax] so I highly doubt that I'd see a difference in pay if I wasn't paying for it).

I was asking the OP specifically, no one else, and my question was really referring onlky to the medical insurance issue. I realize there are lots of different , perfectly reasonable reasons why people live with their parents or other family members. I was just struck by the notion that a licensed professional with employment that provides health insurance would choose to allow her/his parents to keep footing the bill for her/his health insurance.

Personally, I chose NOT to be on my parents' insurance when I graduated from college, though I was eligible to be because of Massachusetts' health care law. My father's employer paid 100% of the cost of health insurance, so he wasn't footing any bill for me by keeping me on it until I graduated college nor has he ever given me a penny more than the court required him to. I chose not to remain on his insurance as a means of severing all connections with him. HOWEVER, it is quite possible that OP remaining on his parents' insurance isn't costing them anything more. Most plans have options for single and family. Some have employee plus one but I haven't seen that at any job I've been at in a while. If I was married with adult children, it would cost me no more to have them on my insurance than it would to just have me and my spouse. Perhaps the OP has younger siblings who are still in high school/college and the cost for the family plan is the same whether 2 people or 6 people are on it.

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