Do you think that I could make the point that as a 22 year old, I plan to be on my parents insurance for the next 4 years until I can’t be anymore, to negotiate a higher salary? I’m not costing the company insurance, so they can afford to pay me more is my reasoning. Am I crazy or does this have some substance behind it and how would I even start that conversation? Any advice appreciated. I make 56k now, looking to be around 60
Coach
Probably not. Doesn’t really work that way.
It’s your decision not to use your company’s insurance plan that they provide as a benefit.
I agree with this. Even when I have been somewhere and not used their insurance it didn't make a difference. The salary was what it was.
No don’t bring this up to your employer. If you want more money make a good argument as to why you deserve it or what you bring to the table.
I agree with POM1, and it would also likely cast a shadow on your character. Shady plan if you ask me (see what I did there). Even if the HM were to humor you, there's not going to be contractual language in place to protect them against you coming on and still signing up for insurance at some point. This just isn't a "thing."
Depends on the company. Small companies prefer if you use your spouse’s or parent’s insurance and might be willing to split the difference. My wife worked for a very small company and they flat out asked during negotiations if she planned to use their insurance and offered her a little more $ when she said no. Difficult part is if for some reason you needed to switch to the company’s insurance in the next year or two, they’d have to allow it and would be pissed and think you lied to them. Because they can’t give you more money now and then deny you the ability to sign up for their medical insurance plan later.
I used to work HR / Benefits admin. what you need to do is ask if the company offers an equivalent monetary stipend in lieu of medical benefits since you don't plan to use them.
Echoing what other folks are saying:
Your base rate is tied to the skills you bring to the company and the market value of that position, so asking for a "raise" since you're not using medical benefits doesn't make sense here.
medical benefits are offered in addition to that are not related to your base salary. Hence why you should ask if the company offers an equivalent stipend for those who opt out.
Not all companies do this so be prepared to hear "no"
It’ll make you sound like a child that doesn’t need to be paid more. I’d probably pay you 15k under budget just for bringing something like that up
If someone used this as a negotiating strategy, I would remove them from consideration. Find another strategy. Also, that's your plan. Have your parents agreed to insure their college educated gainfully employed child for an additional 4 years?
Please do NOT do this! It's not the company's business how you take care of your bills including your insurance bill. If they offer insurance and you decline so you don't have to pay a premium, yes you save them money but that's your decision.
As someone mentioned earlier, you might ask HR if the company offers a stipend for not using their insurance, but this is not something you bring to your manager on the negotiation table.
Now if you want more money, make a case for it based on the contributions you've made to the company. Based on your skills and how good you are at your job. Find a stronger strategy. You can google for more approaches.
In many cases the ability to remain on parent insurance plans until you age out at 26 is largely incumbent upon whether you are employed with a company that provides health insurance. If the company does offer this, it could be conceivable that you would not be able to retain on your parental insurance plan when they next annually enroll.