Your Health Insurance
Health Care Stipend: Program Guidelines
The Board provides a Health Care Stipend to employees who are enrolled in the Federal Employees Health Benefits Program (FEHB) through the Board to help offset the cost of medical insurance premiums. The Health Care Stipend and eligibility criteria are described below.
The amount of the Health Care Stipend is $25 per pay period ($650 per year) for employees enrolled in single coverage and $50 per pay period ($1,300 per year) for employees enrolled in family coverage. The Health Care Stipend is designed to provide an additional subsidy for the employee's medical insurance premiums. However, the Health Care Stipend is available for the employee to use for any purpose.
Taxation of Stipend
The Health Care Stipend constitutes taxable income to employees. The value of the benefit will be included in the employee's taxable wages as reported to the IRS on the employee's W-2 and the Board will withhold all applicable taxes (as determined by the Board in its sole discretion).
Effect on Benefits
The Health Care Stipend will not be included in an employee's salary for purposes of calculating his or her retirement annuity or for purposes of calculating Thrift Plan contributions.