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If a NP has to buy own medical insurance and gets no benefits, should he or she accepts pay rate of $40.00 an hour as new NP? Florida
I live in Florida and used to work at the Department of Health as a RN. Our ARNPs worked Monday through Friday, all government holidays off, with full benefits (excellent health insurance, $250 deductible) and were paid $79,000. That's more than what you make and it includes benefits. Typically the DOH is the cheapest employer, so if your employer is cheaper than the DOH than that would be a BIG issue to me.
My husband was unemployed for three months to refuse a low pay. We lived off on our savings. He would make about $50,000 if he accepted it. Three months later, he found an employer who was generous and paid him $98,000 annually with excellent health insurance and paid vacations. We didn't spend $38,000 in three months while he was unemployed.
No way! I make almost that much as an RN. Why would you even consider pay that low for an NP job? Not an NP but, my understanding from NPs I talk to is that for a 1099 contract position that you should be asking for $100+/hr -- yes, even as a new grad. Think about both how much responsibility you are carrying and how much money you are bringing in through billable services!
Tony1790, BSN, MSN, NP
216 Posts
Quote from Above:
Sad, though, that pay will ultimately be determined by the market, and I fear we are flooding the market with poorly prepared NP's.
Flooding the market, indeed.