Base pay, plus overtime (if eligible), pay differential or premiums and incentive or bonus payments.
All team members are paid a wage for the work that we perform. Pay is determined in large part by job requirements, skills and knowledge that are used on the job along with what the external market pays for the job. Every year, the UnityPoint Health Compensation team reviews over 3,500 jobs across our health system as part of our annual market analysis. This exercise helps to ensure we know whether our wages are competitive in the market. Adjustments are then made periodically based on our ability to financially afford them within our budget.
UnityPoint Health uses the following guiding principles for administering our compensation program:
- Offer market competitive practices
- Provide compensation that is fair, objective and non-discriminatory
- Easy to understand for team members
- Use only valid, recognized salary survey data sources
- Comply with local, state and federal laws and regulations
- Be financially responsible and operate within UPH budgetary guidelines
We want you to be able to quickly and easily access your pay information. You can review these details in Lawson by simply clicking here. If you have questions regarding your pay, please contact your direct supervisor.
Social Security & Medicare
|UnityPoint Health Contribution||Your Contribution|
|Social Security||$3,410 (6.20% of $55,000)||$3,410 (6.20% of $55,000)|
|Medicare||$797.50 (1.45% of $55,000)||$797.50 (1.45% of $55,000)|
|Total Contribution||$8,415 (15.30% of earnings)|
It is important to note that Social Security contributions stop when your earnings exceed the Social Security Wage Base (for 2023 that amount is $160,200) and Medicare contributions will apply to all of your earnings without a cap. If your annual earnings exceed $200,000 in a year ($250,000 for married couples filing jointly), the contribution percentage increases to 2.35% on pay over that amount.
Social Security is the term used for the Old-Age, Survivors, and Disability Insurance (OASDI) program in the United States, run by the Social Security Administration (SSA). While best known for retirement benefits, it also provides disability income and survivor benefits. To learn more, click here.
Medicare is the federal health insurance program created to provide health coverage for Americans aged 65 and older. The Medicare program is comprised of four main parts and is administrated by the Centers for Medicare and Medicaid Services (CMS).
- Medicare Part A – often referred to as “hospital insurance” – is devoted to inpatient care, covering the costs of inpatient hospital stays (of at least one night), skilled nursing facility stays (if they meet specific criteria), home health care and hospice care.
- Medicare Part B – often called “medical insurance” – covers outpatient expenses, including physician and nursing fees, as well as a range of services (such as x-rays, diagnostic tests, and renal dialysis) and some equipment.
- Medicare Advantage (Part C) – allows Medicare beneficiaries to receive Medicare-covered benefits through private health plans which may also include extra benefits such as prescription drug coverage. In exchange for the benefits, coverage may be limited to network of providers.
- Medicare Part D – prescription drug coverage – provides substantial price breaks on prescription drugs for those who enroll in Part D plans designed and administered by private health insurance companies.
- Medicare supplement (Medigap) – is supplemental coverage purchased by Medicare beneficiaries to fill the holes in Original Medicare.
To learn more about Medicare, click here.