There are circumstances under which an employee may elect or be reassigned to a position in a lower salary band. When an employee is reassigned to a job in a lower salary band on an involuntary basis, the employeeâs salary may be decreased to reflect the responsibilities of the new job. The supervisor and Human Resources will discuss salary implications in advance of the employeeâs change in position.
Term life insurance covers a person for a fixed term, usually 10 or 20 years, though some companies offer term policies in one-year increments from three to 30 years. Whole life insurance, by contrast, provides coverage from the day a person takes out the policy until the day he dies.
In 2014, the average individual health insurance premium purchased through the Health Insurance Marketplaces, before tax credits, was $346/month. Eighty-seven percent (87%) received discounts on their health insurance (via a âpremium tax creditâ) and paid an average of $82/month across all types of plans. For Silver plans, the most popular type of plan, 94% received tax credits and paid an average of $69/month.