Published May 28, 2013
thrboymom
16 Posts
I just was offered this package...the hourly rate isn't that great but the housing stipend is the best I've seen. If I take their insurance, 20.18/hr, 3000/month housing. If I get my own insurance, 3,800 for stipend. The job is in NYC. I know the hourly is low for NYC but is the stipend enough to make up for it?
whd13b
55 Posts
Wow..that hourly rate seems very low, however that could work out to your benefit. Here is why: The hourly rate they are quoting you is the "taxable" hourly rate, which for all intensive purposes, you should get as low as possible. Less pay, less tax to pay! Now, as long as the monies left from your stipends (after expenses) contributes enough to your hourly rate to make it worth your while, then you're in great shape. So for instance, if your rent stipend is $3000.00 and your actual rent is only $2000.00, you get to pocket $1000.00 tax free. Add that to your monthly income and works out to approx. $ 6.17 per hour more. See where I'm going with this? Now,as far as YOUR stipend, you left out a few very important details. First off, where in NYC is the job? Manhattan, Brooklyn, the Bronx...where? And where are you willing to live and how far a commute are you willing to make. The reason I'm asking is because monthly rent for a one bedroom can vary from 2000.00 per month up to 8000.00 per month depending on where you are living (and how safe is the neighborhood). Are you willing to live in a studio instead of 1 bedroom, because that could make a big difference in how much of your monthly stipend goes in your pocket and not your landlords. 2nd, you never mentioned how long the assignment is for. Is the 3800.00 for the insurance stipend a "monthly stipend, or is a total stipend for the length of the assignment? Again, that would make a big difference in how much is left over that goes in your pocket as opposed to the insurance company. Keep in mind, RN's that work permanent positions in NYC or Long Island hospitals make upwards of $50/$55 /hr! Just something to compare to.
I guess I should have put more info. It is a 13 week contract days with Sloan Kettering. I believe the stipend is monthly. I am looking at other agencies as well, I kinda felt like this guy is rushing me. I am an oncology nurse with 6 years experience. I only have my associates right now but working on my BSN. I am chemo/bio certified. I also have acls, pals, and bls. I currently work at a hospital in Middletown, NY making 36/hr full time with benefits. NYC is about 1 1/2 hours from me. I am trying to pay off some debt, one of the reasons I am looking into traveling. I have thought on and off about travel nursing since I graduated but knew I needed to get some experience first.
Wow...you need to email me!! I work at a Middletown hospital as a float and worked Oncology often when I worked nights. I'm on days now and haven't worked your unit in months. :) We should talk about this. I'm pretty close to signing on with an agency!
By the way, if $ 3800.00 is the monthly stipend for insurance, you are seriously making out there considering most single pay insurance is about $500.00 per month! The top agencies I've come across, between Highway Hypodermic and other travel nursing websites seem to be Premier Healthcare Professionals, PRCS Healthcare, FlexCare Medical Staffing, Innovative Placements Inc., Trinity Healthcare Staffing, and Talemed. I have read in many a blogs though, it's not just the reputation of the agency but also your rapport with the recruiter. By nature, some will be more intelligent than others, some will be more aggressive than others and so the story goes with any position. I'm currently working with 3 agencies and will soon choose one for assignment.
NedRN
1 Article; 5,782 Posts
COBRA (actual insurance cost) can be as much as $800 a month. Typical group insurance goes for $250 a month (really crappy insurance) to $500 something (usually good) and up depending on the size of the agency. The way I read the post was $3,000 with insurance, $3,800 declining.
Agencies can legally pay an insurance reimbursement tax free if the traveler has proof of personal insurance. Generally it is for receipted cost only, but perhaps some accountants allow agency cost instead (or perhaps it is taxed).
The insurance would be for myself and two kids, blue cross/blue shield. It seems like pretty decent insurance, not as good as I'm used to, but not bad. Luckily we are all pretty healthy.
Thanks for the info. :)