Last week, I complained about the sneaky pay cut at work and Rabbit blew me away with her own story. She and her husband live in the Northeast and her paycheck is brought from a biweekly $1500 to about $815 after taxes and health insurance. Since we both are paid about the same gross (she makes about $36,000 and I make about $35,000), I thought it would be interesting to compare our two pay stub breakdowns:
Rabbit’s Pay Stub Deductions
State Tax: $41.50
401K: $75.00 (No Matching)
Pre-Tax Health Insurance Copay: $441.13
My Pay Stub Deductions
(My Health Insurance Premiums of a little more than $50 Start in January)
State Tax: $0 (No State Taxes in Texas – 3.5% property taxes though)
401K: $80.94 (Matched with another $80.94)
Dining Room: $3.87
Supplemental Life ($60,000 on top of the $36,000 they supply): $1.11
Short-Term Disability (starting at 2 weeks): $4.73
Long-Term Disability: $5.41
She hit the nail on the head - I was VERY surprised that her health insurance cost more than her taxes! I’m also surprised that despite the fact that she technically makes more than me, I bring home about $200 more a month…that just seems wrong.
Why would health insurance for 2 people cost $900 a month?! Next year, my husband and I will be shelling out about $240 a month total and I was pretty unhappy about that. I don’t feel guilty for complaining (I’m still ticked about the pay cut) but my sympathy is with everyone paying gobs and gobs of money for insurance against illness!
Did Rabbit’s deductions surprise you too? Or are you in a similar boat?