The Consumer Financial Protection Bureau issued a rule Tuesday to slash credit card late fees in a move the agency says should save millions of credit card users an average of $220 per year. The decision drew immediate objection from banking trade groups.
The government agency reduced the typical credit card late fee from $32 to $8, which should translate to more than $10 billion in annual savings among the roughly 45 million consumers who are charged late fees.
“For over a decade, credit card giants have been exploiting a loophole to harvest billions of dollars in junk fees from American consumers,” said CFPB Director Rohit Chopra in a statement, asserting that the new rule will end these practices.
The lower fees are expected to take effect within three months, which would give card issuers time to update their disclosures and systems. It’s unclear how possible challenges to the rule could affect the timing.
Rule halts late fees’ steady climb since 2010
The rule, which was proposed in 2023, closes a loophole in the Credit Card Accountability Responsibility and Disclosure Act of 2009.
The CARD Act banned credit card companies from charging higher late fees than needed to cover the companies’ costs associated with the late payment. But in 2010, the Federal Reserve Board of Governors voted to include a provision in the CARD Act that allowed banks to charge no more than $25 for the first late payment and $35 for subsequent late payments, with both of those figures being adjusted for inflation each year.
Today, those figures have swelled to $30 and $41, respectively, despite credit card companies having adopted cheaper business practices in recent years, the CFPB said in a statement. The average credit card late fee was $32 in 2022, up from $23 in 2010.
“Almost all of the credit card giants have been hiking these fees every year using automatic inflation adjustments as an excuse,” Chopra said in a call Monday announcing the CFPB’s new rule. “Today, the credit card industry hauls in more than $14 billion in late fee revenue, which our research shows is more than five times the companies’ associated costs.”
The rule applies to large credit card companies with more than 1 million open accounts. These companies hold more than 95% of open credit card balances, the CFPB said in the statement.
Find the right credit card for your wallet
Check out NerdWallet’s picks for the best credit cards across categories such as travel, cash back, and 0 APR.
Industry trade groups speak out against the rule
Banking industry executives slammed the new rule. Rob Nichols, president and CEO of the American Bankers Association (ABA) said in a statement that the new CFPB rule “relied on flawed assumptions and a mischaracterization of the important role late fees play in promoting responsible consumer behavior.”
Adding that the ABA will try to challenge the new policy, Nichols said, “This rule should not be allowed to go into effect.”
Lindsey Johnson, president and CEO of the Consumer Bankers Association, said in a statement that the new rule is “normalizing being late on credit card payments” and ultimately puts consumers’ financial health at risk.
A crackdown on junk fees
The CFPB’s latest announcement follows a similar move earlier in the year on overdraft fees, signaling a concerted crackdown on junk fees from federal officials and regulators.
In January, the agency proposed restrictions that could lower the average overdraft fee from $35 to $3 per transaction. Banking industry advocates spoke out fiercely against this proposal too. The restriction is currently expected to go into effect in October 2025.
The Biden administration will soon announce a “strike force” intended to “hold companies accountable when they engage in unfair and illegal practices that keep prices high,” Lael Brainard, director of the National Economic Council, said on the Monday call with Chopra.
The force is part of the administration’s efforts to lower the cost of groceries, prescription drugs and health care, banking, housing, airfare and basic utilities. It’ll be jointly led by the Federal Trade Commission and the Department of Justice.
In conjunction with those efforts, the Federal Communications Commission will also tackle “bulk billing,” in which people living or working in a building are charged by landlords or building owners for internet, cable or satellite service, whether they want the service or not.
Retired couples who are Medicare beneficiaries could need as much as $413,000 saved to cover medical expenses in the latter stages of life, an increase over the previous year’s estimate of $383,000. This is according to new findings from the Employee Benefit Research Institute (EBRI).
The figure is the “predicted savings target for Medicare beneficiaries to cover premiums, deductibles, and prescription drugs in retirement,” EBRI explained.
The estimates break down differently for single men, women and couples who are part of Medicare supplemental insurance plans, and the figures aim to offer retirees “a 90% chance of meeting their health care spending needs in retirement.”
For single men, the savings figure is $184,000. For single women, the estimated figure is $217,000, while couples in supplemental insurance plans would need an estimated $351,000.
“Health care costs in retirement can be considerable and may not necessarily be a salient issue for workers,” said Jake Spiegel, research associate for health and wealth benefits Research at EBRI. “To project how much Medicare beneficiaries may need to save to have a reasonable chance of meeting their health care spending requirements in retirement, EBRI built a simulation model allowing for uncertainty due to mortality and rates of return on assets in retirement.”
The model takes recent changes to Medicare Part D into account, enacted as part of the 2022 Inflation Reduction Act passed by Congress and signed into law by President Joe Biden.
The EBRI model “tests varying assumptions about Medicare Advantage and [supplemental insurance] plans that Medicare beneficiaries may purchase,” Spiegel explained. “The output of this updated simulation model is the basis of this new report.”
The $413,000 estimate is an “extreme case,” the results explain. A couple would need to have “particularly high prescription drug expenditures” for that savings figure to adequately have a 90% chance of meeting health care spending needs during retirement.
The study also found that those enrolled in Medicare Advantage plans — private plans that “provide all of your Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance) coverage” and that are separate from supplemental plans — have “generally lower savings targets” than those not enrolled in such plans.
“The results from EBRI’s projection model indicate that basic health care costs incurred by Medicare beneficiaries are high,” Spiegel added. “While the savings targets tend to be lower for Medicare Advantage enrollees relative to Medigap enrollees, there are important limitations to take into account.”
A recent survey found that nearly 25% of adults have no retirement plan besides Social Security, a benefit program that accounts for many older Americans’ primary source of cash flow in retirement. Social Security benefits rose in 2024 by 3.4%, but seniors continue to express concern over their ability to make ends meet.
Braven Health Medicare Advantage plans are available throughout New Jersey. The company gets below-average star ratings for quality from the Centers for Medicare & Medicaid Services (CMS), but its member experience scores beat the average for major companies.
Here’s what you should know about Braven Health Medicare Advantage.
Braven Health Medicare Advantage pros and cons
Braven Health Medicare Advantage plans have advantages and disadvantages.
Pros
Strong member experience ratings: Braven Health has above-average member experience ratings for factors such as care coordination and customer service.
$0 PPO options: $0-premium preferred provider organization (PPO) plans are available in all 21 New Jersey counties.
Cons
Below-average star ratings: Braven Health trails the all-company weighted average for star ratings from CMS.
High out-of-pocket limits: Plans have higher maximum out-of-pocket limits than most competitors.
Limited availability: Braven Health plans are available only in New Jersey.
Braven Health Medicare star ratings
Average star rating, weighted by enrollment: 3.5
The Centers for Medicare & Medicaid Services (CMS) releases annual star ratings that rank Medicare plans from best (5 stars) to worst (1 star). The agency’s ratings are based on data measuring plans’ quality of care and customer satisfaction.
Based on the most recent year of data and weighted by enrollment, Braven Health Medicare Advantage plans get an average overall 2024 star rating of 3.5 stars
.
For comparison, the average star rating for plans from all providers for 2024 is 4.04
.
What does Braven Health Medicare Advantage cost?
Costs for Medicare Advantage plans will depend on your plan, geographic location and health needs.
Premiums
One of the costs to consider is the plan’s premium. In 2024, about 7 in 10 (72%) Braven Health Medicare Advantage plans have $0 premiums
.
Even as a Medicare Advantage user, you’ll still be responsible for paying your Medicare Part B premium, which is $174.70 per month in 2024, although some plans cover part or all of this cost
.
Copays, coinsurance and deductibles
Requirements for copays, coinsurance and deductibles vary depending on your plan, location and the services you use. Other out-of-pocket costs to consider include:
Whether the plan covers any part of your monthly Medicare Part B premium.
The plan’s yearly deductibles and any other deductibles, such as a drug deductible.
Copayments and/or coinsurance for each visit or service. For instance, there may be a $10 copay for seeing your primary doctor and a $45 copay for seeing a specialist.
The plan’s in-network and out-of-network out-of-pocket maximums.
Whether your medical providers are in-network or out-of-network, or how often you may go out-of-network for care.
Whether you require extra benefits, and whether the plan charges for them.
To get a sense of costs, use Medicare’s plan finding tool to compare information among available plans in your area. You can select by insurance carrier to see only Braven Health plans or compare across carriers. You can also shop directly from Braven Health’s website by entering your ZIP code.
Braven Health Medicare Advantage plan types
All Braven Health Medicare Advantage plans offered in 2024 are preferred provider organization (PPO) plans.
Preferred provider organization (PPO) plans provide the most freedom, allowing you to see any provider that accepts the insurance. You may not need to choose a primary doctor, and you don’t need referrals to see specialists. You can seek out-of-network care, although it may cost more than seeing an in-network doctor.
Braven Health Medicare Advantage service area
Compare Medicare Advantage providers
Get more information below about some of the major Medicare Advantage providers. These insurers offer plans in most states. The plans you can choose from will depend on your ZIP code and county.
Find the right Medicare Advantage plan
What are the plan’s costs? Do you understand what the plan’s premium, deductibles, copays and/or coinsurance will be? Can you afford them?
Is your doctor in-network? If you have a preferred medical provider or providers, make sure they participate in the plan’s network.
Are your prescriptions covered? If you’re on medication, it’s crucial to understand how the plan covers it. What tier are your prescription drugs on, and are there any coverage rules that apply to them?
Is there dental coverage? Does the plan offer routine coverage for vision, dental and hearing needs?
Are there extras? Does the plan offer any extra benefits, such as fitness memberships, transportation benefits or meal delivery?
If you have additional questions about Medicare, visit Medicare.gov or call 800-MEDICARE (800-633-4227, TTY 877-486-2048).
Clover Health Medicare Advantage plans are available in five states, and the provider’s star ratings from the Centers for Medicare & Medicaid Services (CMS) are below average. Member experience ratings are also below the average for major providers.
Here’s what you should know about Clover Health Medicare Advantage.
Clover Health Medicare Advantage pros and cons
Clover Health’s offerings have advantages and disadvantages.
Pros
Mostly PPO plans: Most of Clover Health’s Medicare Advantage plans are PPO plans, which offer more flexibility than HMOs.
$0 plans: Two-thirds of Clover Health Medicare Advantage plans offer a $0 premium.
Cons
Below-average star ratings: Clover Health Medicare Advantage plans score a lower-than-average star rating from CMS — 3.00 for 2024 plans, versus 4.04 for the industry as a whole.
High out-of-pocket max: Clover Health’s average out-of-pocket maximum — the most you would be responsible for paying in a plan year — is higher than those of the major providers at about $7,800.
Subpar member experience ratings: Clover Health’s average member ratings on metrics like customer service and getting needed care are below the average for major providers.
Limited availability: Clover Health offers Medicare Advantage plans in just five states.
Clover Health Medicare star ratings
Average star rating, weighted by enrollment: 3
The Centers for Medicare & Medicaid Services maintains star ratings for Medicare Advantage plans on a 5-point scale, ranking plans from best (5 stars) to worst (1 star). The agency bases these ratings on plans’ quality of care and measurements of customer satisfaction, and ratings may change from year to year.
Based on the most recent year of data and weighted by enrollment, Clover Health’s 2024 Medicare Advantage plans get an average rating of 3 stars
.
For comparison, the average star rating for plans from all providers is 4.04
.
What does Clover Health Medicare Advantage cost?
Costs for Medicare Advantage plans depend on your plan, your geographic location and your health needs.
Premiums
One of the costs to consider is the plan’s premium. In 2024, about two-thirds of Clover Health Medicare Advantage plans (67%) have a $0 premium
.
Even as a Medicare Advantage user, you’ll still be responsible for paying your Medicare Part B premium, which is $174.70 per month in 2024
Centers for Medicare & Medicaid Services. Costs. Accessed Jan 8, 2024.
, although some plans cover part or all of this cost. (Most people pay this standard amount, but if your income is above a certain threshold, you’ll pay more.)
Copays, coinsurance and deductibles
Requirements for copays, coinsurance and deductibles vary depending on your plan, location and the services you use. Other out-of-pocket costs to consider include:
Whether the plan covers any part of your monthly Medicare Part B premium.
The plan’s yearly deductibles and any other deductibles, such as a drug deductible.
Copayments and/or coinsurance for each visit or service. For instance, there may be a $10 copay for seeing your primary doctor and a $45 copay for seeing a specialist.
The plan’s in-network and out-of-network out-of-pocket maximums.
Whether your medical providers are in-network or out-of-network, or how often you may go out of network for care.
Whether you require extra benefits, and if the plan charges for them.
To get a sense of costs, use Medicare’s plan-finding tool to compare information among available plans in your area. You can select by insurance carrier to see only Clover Health plans or compare across carriers. You can also shop directly from Clover Health’s website by entering your ZIP code.
Available Medicare Advantage plans
There are a few kinds of Clover Health Medicare Advantage plans, and they vary in terms of structure, costs and benefits. Clover Health offers Medicare Advantage prescription drug plans (MAPDs) as well as Medicare Advantage plans without drug coverage.
Plan offerings include the following types:
A health maintenance organization (HMO) generally requires that you use a specific network of doctors and hospitals. You may need a referral from your primary doctor in order to see a specialist, and out-of-network benefits are usually very limited.
Preferred provider organization (PPO) plans provide the most freedom, allowing you to see any provider that accepts the insurance. You may not need to choose a primary doctor, and you don’t need referrals to see specialists. You can seek out-of-network care, although it may cost more than seeing an in-network doctor.
Clover Health Medicare Advantage service area
Clover Health offers Medicare Advantage plans in five states: Georgia, New Jersey, Pennsylvania, South Carolina and Texas — down from eight states in 2023. Clover Health covers more than 80,000 Medicare Advantage beneficiaries
.
Compare Medicare Advantage providers
Get more information below about some of the major Medicare Advantage providers. These insurers offer plans in most states. The plans you can choose from will depend on your ZIP code and county.
Find the right Medicare Advantage plan
What are the plan’s costs? Do you understand what the plan’s premium, deductibles, copays and/or coinsurance will be? Can you afford them?
Is your doctor in-network? If you have a preferred medical provider or providers, make sure they participate in the plan’s network.
Are your prescriptions covered? If you’re on medication, it’s crucial to understand how the plan covers it. What tier are your prescription drugs on, and are there any coverage rules that apply to them?
Is there dental coverage? Does the plan offer routine coverage for vision, dental and hearing needs?
Are there extras? Does the plan offer any extra benefits, such as fitness memberships, transportation benefits or meal delivery?
If you have additional questions about Medicare, visit Medicare.gov or call 800-MEDICARE (800-633-4227, TTY 877-486-2048).
A Medicare flex card is a preloaded debit card offered by some Medicare Advantage plans that members can use for certain expenses like over-the-counter health items, assistive devices and utilities.
Although flex cards for seniors are associated with Medicare, they’re not provided by the government. They’re a potential benefit from Medicare Advantage plans, which are a bundled alternative to Original Medicare plans and sold by private health insurance companies.
What do Medicare flex cards cover?
Costs you pay for with your Medicare flex card vary by plan, but some common categories include:
Groceries (such as healthy items like vegetables and fresh meats).
Utilities (such as gas, water and electricity).
Over-the-counter health items (such as toothpaste and vitamins).
Assistive devices (such as handrails, shower stools and temporary mobility ramps).
Allowance for health care costs (such as dental, vision or hearing care).
Fitness (such as fees for sports facilities or fitness classes).
Weight loss (hospital- or non-hospital-based programs).
Compare Medigap plans
How do you use a flex card for seniors?
Flex cards are typically preloaded at monthly, quarterly or annual intervals with an allowance you can use toward one or more categories. You might be able to choose the category you want to use your flex card for, or your plan may offer a flex card for a specific cost, such as dental or vision care expenses.
You can use your prepaid flex card like you’d use a debit card: Present it at checkout and the money will be deducted from your flex card balance. You might also be able to use it to buy things online.
How much money is on a flex card for seniors?
The amount of your benefit will depend on your plan. Common benefit amounts range from $250 to $1,500 per year. Your plan may offer different benefit amounts for different categories.
How do you get a Medicare flex card?
Medicare flex cards are available with certain Medicare Advantage plans. If you choose Medicare Advantage, you can compare plan benefits and look for a plan that offers a flex card.
However, don’t choose a plan solely for the flex card benefit. Make sure you carefully compare Original Medicare and Medicare Advantage and find the best plan for your needs overall, including making sure your doctors are in-network and your prescription drugs are covered.
Some Medicare Advantage providers only offer flex cards for members who meet certain requirements, such as having a certain chronic condition. And you may live in an area of the country where a plan with a flex card isn’t an option for you.
Care N’ Care Medicare Advantage plans are available in Texas only, and the provider’s star ratings from the Centers for Medicare & Medicaid Services (CMS) are below average. Member experience ratings, however, are above the average for major providers.
Here’s what you should know about Care N’ Care Medicare Advantage.
Care N’ Care Medicare Advantage pros and cons
Care N’ Care’s offerings have advantages and disadvantages.
Pros
High member experience ratings: Member experience ratings on metrics like care coordination and customer service are above the average for major providers.
Lower out-of-pocket max: Care N’ Care Medicare Advantage plans’ average out-of-pocket maximum is just under $3,600, which is lower than the average for major providers.
Cons
Below-average star ratings: Care N’ Care Medicare Advantage plans’ star ratings from CMS are below the industry average.
Limited availability: Care N’ Care offers Medicare Advantage plans in Texas only.
No SNPs: Care N’ Care doesn’t offer any Medicare Advantage special needs plans.
Care N’ Care Medicare star ratings
Average star rating, weighted by enrollment: 3.39
The Centers for Medicare & Medicaid Services maintains star ratings for Medicare Advantage plans on a 5-point scale, ranking plans from best (5 stars) to worst (1 star). The agency bases these ratings on plans’ quality of care and measurements of customer satisfaction, and ratings may change from year to year.
Based on the most recent year of data and weighted by enrollment, Care N’ Care’s 2024 Medicare Advantage plans get an average rating of 3.39 stars
.
For comparison, the average star rating for plans from all providers is 4.04
.
Still deciding on the right carrier? Compare Medicare Advantage plans
What does Care N’ Care Medicare Advantage cost?
Costs for Medicare Advantage plans depend on your plan, your geographic location and your health needs.
Premiums
One of the costs to consider is the plan’s premium. In 2024, about 6 in 10 Care N’ Care Medicare Advantage plans that aren’t special needs plans (SNPs) have a $0 premium
.
Even as a Medicare Advantage user, you’ll still be responsible for paying your Medicare Part B premium, which is $174.70 per month in 2024
Centers for Medicare & Medicaid Services. Costs. Accessed Dec 19, 2023.
, although some plans cover part or all of this cost. (Most people pay this standard amount, but if your income is above a certain threshold, you’ll pay more.)
Copays, coinsurance and deductibles
Requirements for copays, coinsurance and deductibles vary depending on your plan, location and the services you use. Other out-of-pocket costs to consider include:
Whether the plan covers any part of your monthly Medicare Part B premium.
The plan’s yearly deductibles and any other deductibles, such as a drug deductible.
Copayments and/or coinsurance for each visit or service. For instance, there may be a $10 copay for seeing your primary doctor and a $45 copay for seeing a specialist.
The plan’s in-network and out-of-network out-of-pocket maximums.
Whether your medical providers are in-network or out-of-network, or how often you may go out of network for care.
Whether you require extra benefits, and if the plan charges for them.
To get a sense of costs, use Medicare’s plan-finding tool to compare information among available plans in your area. You can select by insurance carrier to see only Care N’ Care plans or compare across carriers. You can also shop directly from Care N’ Care’s website by entering your ZIP code.
Available Medicare Advantage plans
There are a few kinds of Care N’ Care Medicare Advantage plans, and they vary in terms of structure, costs and benefits. Care N’ Care offers Medicare Advantage prescription drug plans (MAPDs) as well as Medicare Advantage plans without drug coverage.
Plan offerings include the following types:
A health maintenance organization (HMO) generally requires that you use a specific network of doctors and hospitals. You may need a referral from your primary doctor in order to see a specialist, and out-of-network benefits are usually very limited.
Preferred provider organization (PPO) plans provide the most freedom, allowing you to see any provider that accepts the insurance. You may not need to choose a primary doctor, and you don’t need referrals to see specialists. You can seek out-of-network care, although it may cost more than seeing an in-network doctor.
Care N’ Care Medicare Advantage service area
Care N’ Care offers Medicare Advantage plans in Texas only and covers just over 10,000 members
.
Compare Medicare Advantage providers
Get more information below about some of the major Medicare Advantage providers. These insurers offer plans in most states. The plans you can choose from will depend on your ZIP code and county.
Find the right Medicare Advantage plan
What are the plan’s costs? Do you understand what the plan’s premium, deductibles, copays and/or coinsurance will be? Can you afford them?
Is your doctor in-network? If you have a preferred medical provider or providers, make sure they participate in the plan’s network.
Are your prescriptions covered? If you’re on medication, it’s crucial to understand how the plan covers it. What tier are your prescription drugs on, and are there any coverage rules that apply to them?
Is there dental coverage? Does the plan offer routine coverage for vision, dental and hearing needs?
Are there extras? Does the plan offer any extra benefits, such as fitness memberships, transportation benefits or meal delivery?
If you have additional questions about Medicare, visit Medicare.gov or call 800-MEDICARE (800-633-4227, TTY 877-486-2048).
Do you need health insurance? Did you know that there are many part-time jobs with health insurance that you may be able to apply for? These types of part-time jobs are great because they not only help you to make more income but they also give you benefits like health insurance. Health benefits are usually…
Do you need health insurance?
Did you know that there are many part-time jobs with health insurance that you may be able to apply for?
These types of part-time jobs are great because they not only help you to make more income but they also give you benefits like health insurance.
Health benefits are usually associated with full-time employment, but a growing number of companies give these perks to part-time employees as well. Companies know that in order to keep good employees, giving helpful benefits like health insurance helps them with this.
You may need a part-time job with health insurance for many different reasons, such as perhaps your full-time job doesn’t come with good health insurance, or maybe you are only looking for part-time hours to make extra money.
My husband worked at UPS for many years, mainly for the health insurance. And, so did many other people who worked there. The health insurance at UPS is one of the best I’ve ever seen, and it’s available to part-time workers.
And, you may be able to find a part-time job that comes with medical insurance like this too!
Key Takeaways
UPS is known for having many valuable benefits for their part-time workers, such as health insurance.
Starbucks is another place where you can get health insurance, even working part-time. After putting in an average of 20 hours a week over three months, you can get medical, dental, and vision plans.
There are many other jobs that give you health insurance as well and even other great benefits like tuition reimbursement and parental leave.
Best Part-Time Jobs With Health Insurance
Below are the best part-time jobs with health insurance coverage.
1. UPS
If you’re looking for a part-time job with health insurance, UPS can be a great choice. At UPS, even part-time employees can get health benefits.
This is probably one of the most popular jobs ever when it comes to getting great health insurance. UPS is a very popular choice for those who are looking for health insurance.
Like I said earlier, my husband worked at UPS for years, mainly for the health insurance. And, so did many other people that we know, such as many of our personal friends, his brother, our friend’s parents, and so many more people that we personally know.
Many of the part-time jobs at UPS are for package sorters and UPS truck loaders.
Part-time UPS workers get the same healthcare benefits as full-time workers. They don’t have to pay premiums, and there is low or no co-insurance and co-pays.
Plus, part-time employees at UPS earn an average of $20 per hour after 30 days. As a part-time employee at UPS, you’re promised at least 3.5 hours of work each day you’re scheduled.
There are also other benefits you can qualify for, such as you can get a pension when you retire, help paying for college, and paid time off for vacations and holidays.
Recommended reading: 26 Best Weekly Pay Jobs To Make Money Quick
2. Starbucks
If you’re looking for part-time work and need health insurance, Starbucks might be the place for you.
Starbucks gives health, dental, and vision insurance to all part-time workers who put in at least 20 hours per week on average after working 240 hours.
Starbucks also has a generous benefits package, such as dental care, a 401(k), vacation time, college tuition reimbursement, and more.
Another nice employee benefit is Starbucks’ parental leave – workers at Starbucks who are eligible and welcoming a new child can take time off and receive pay replacement through parental leave. Additionally, Starbucks gives Family Expansion Reimbursement, giving up to $10,000 for adoption, surrogacy, or intrauterine insemination for eligible partners.
3. REI
REI has a new medical plan called the REI Access Plan, which gives medical coverage to every employee who works at REI, even part-time employees.
The REI Access Plan gives medical coverage to employees after working for only three months, no matter how many hours they work (so, if you only work one day a week, you can qualify!). This plan is in addition to the existing health care options for employees who work an average of 20 or more hours per week over a 12-month period.
The health insurance coverage includes checkups for free with in-network doctors, mental health support, hospital care, and physical therapy. It also covers pharmacy costs and provides access to virtual healthcare through Teladoc.
4. National Guard
As a National Guard member, you get to serve your country and community, and you also have access to job benefits like health insurance.
You and your family can get low-cost health insurance through a plan called Tricare Reserve Select (TRS).
In 2023, the individual monthly health insurance plan cost $48.47, and family plans cost $239.69.
You’re also eligible for low-cost life insurance that pays up to $400,000.
National Guard members respond to emergencies (such as natural disasters), serve as law enforcement, and more. Guard members have about two days of drills each month and spend two weeks on annual training every year.
5. Costco
If you’re interested in a part-time job that includes health insurance, you might want to look into working at Costco.
There are many different kinds of jobs that you can find at Costco, such as cashier, baker, forklift driver, gas station attendant, member service assistant, stocker, and so much more.
Costco gives health insurance to part-time employees who work 23 or more hours each week.
Their health insurance comes with low out-of-pocket monthly premiums and co-pays. They provide medical, dental, and vision benefits that can be used for yourself and/or your family.
I know a few people who left their day job to work at Costco due to the good pay, nice benefits, and fun work environment. So, it can be a great one to look into!
Recommended reading: 20+ Best Jobs That Pay $20 An Hour Or More
6. Chipotle
At Chipotle, you can work part-time and still get health insurance. They understand that you might be studying, have another job, or need extra time for yourself. That’s why they offer flexible schedules.
If you join their team, even part-timers can sign up for health insurance. All Chipotle crew members are eligible for the Anthem Preventive Plus, Delta Dental PPO plan, and EyeMed PPO vision plan.
They also have 100% tuition coverage for select programs. You can learn about agriculture, technology, and business. If you’re into something else, they give up to $5,250 for other study areas.
Other helpful benefits from Chipotle include paid time off, 401(k) retirement savings plans, free meals, an annual bonus, a gym membership discount, and more.
7. Walmart
At Walmart, you can find part-time jobs that come with health insurance.
Part-time jobs with health insurance at Walmart include stocking shelves, unloading trucks, customer service, cashier, and more.
If you’re working at least 30 hours per week over a 60-day period, you can become eligible for coverage.
Once you meet the hours requirement, you can choose from different health plans. These plans are not just any plans; they include options for medical, dental, and vision coverage.
8. JPMorgan Chase
JPMorgan Chase gives health insurance to part-time employees, such as for entry-level jobs like being a bank teller or in customer service.
For example, as a part-time associate banker, you’ll be helping customers with their banking needs. You will be talking to them about their accounts and showing them how to use the bank’s products and services.
To get health insurance at JPMorgan Chase, you need to work at least 20 hours a week, and their benefits include medical, vision, and dental coverage.
9. Delta Airlines
If you’re looking for part-time work and need health insurance, you might want to find a job at Delta Airlines.
There are many different jobs at Delta Airlines that could fit your needs, even if you work part-time. These can include becoming a ticket agent, gate agent, customer service, and more.
They have multiple health plans that you may be interested in, plus dental and vision plans.
Delta also gives paid long-term disability coverage, optional short-term disability insurance, and company-paid basic life insurance.
10. Amazon
If you’re looking for a part-time job with health insurance, you may want to look for a job at Amazon.
Amazon is one of the largest companies in the world, so it makes sense that they would give good health insurance.
Amazon’s medical plans cover things like prescription drugs, emergency and hospital care, mental health, X-rays, and lab work.
There are no exclusions for pre-existing conditions in any of Amazon’s medical plans. They have many different plans, so it means that you can pick the one that fits you and your family the best. Plus, all plans cover 100% of preventive care.
The benefits available to you can vary based on how many hours you work each week and where you live. For example, if you are full-time or work 40 hours a week, you get one set of benefits. If you work between 30-39 hours or 20-29 hours, your benefits may be different. And if you’re in certain states, these standard benefits might not apply.
11. Lowes
At Lowe’s, you can find many jobs that could fit your schedule, and they offer both part-time and full-time positions.
Lowe’s gives affordable health insurance plans to both part-time and full-time workers. These plans cover medical, dental, and vision, and you can get low-cost prescription drugs after 30 days.
If you head to the Lowe’s worker’s benefits website here, you can actually see a preview of your different benefit options. I thought this was really handy. I clicked on “Prospective Lowe’s Associate” which then showed me their medical plan pricing. I typed in my zip code, and it showed me that there was one available medical plan in my area for a part-time Lowe’s Associate.
This plan started at $38.60 for Employee Only. For Employee + Children, the plan then costs $106.18. For Employee + Family, the cost is $152.52 each month. This medical plan includes an annual deductible of $0 and an out-of-pocket maximum of $9,100 for an individual plan or $18,200 for a family plan.
This platform also showed me pricing for their dental coverage, which is through Delta Dental. The pricing for this started at $9.60 per month for an Employee Only plan.
Other employee benefits from Lowe’s include off-the-job accident insurance, identity protection insurance, life insurance of $20,000, short-term disability insurance, 401(k), and an Employee Stock Purchase Plan (ESPP).
12. Ikea
If you’re considering a part-time job, Ikea is a place you might think about. Ikea gives health benefits to its part-time workers, and you get benefits if you work at least 20 hours a week.
IKEA’s health insurance is from Anthem, and many find the premiums reasonable. Besides health coverage, IKEA also offers dental, vision, and prescription coverage. Additionally, employees enjoy benefits like paid time off, parental leave, pet insurance, and income protection.
Some examples of part-time jobs with health insurance at Ikea include retail sales associate, customer service representative, forklift operator, and food service team member.
13. Whole Foods Market
If you’re looking for a part-time job that offers health insurance, Whole Foods Market might be a place to consider. To get health insurance at Whole Foods, part-time employees need to work at least 30 hours per week.
Examples of part-time jobs at Whole Foods include sales associate, customer service representative, cashier, and more.
14. Trader Joe’s
Trader Joe’s is a popular place to work, especially if you want a part-time job with health insurance.
Trader Joe’s has medical, dental, and vision plans for eligible crew members, and the company covers a big part of the cost, which starts as low as $25 per month.
They also have competitive pay, a retirement plan, up to a 20% store discount, paid time off, and more.
14. Staples
If you work part-time at Staples, you can get helpful health benefits. Staples provides medical, dental, and vision plans for both full-time and part-time employees.
You become eligible for these benefits if you work at least 15 hours a week.
All part-time associates are also eligible for other employee benefits like dental, vision, life, dependent life, accidental death, and short-term disability insurance coverage.
Some examples of part-time jobs at Staples include retail sales associate, cashier, stocker, and more.
15. Home Depot
Home Depot has a generous benefits package for its employees, which includes medical coverage, dental insurance, vision coverage, short-term disability, and more.
Part-time employees can qualify for benefits if they work an average of 16 hours per week or more during a 90-day period.
Some examples of part-time jobs at Home Depot include cashier, sales associate, customer service representative, stocker, and more.
Frequently Asked Questions About Part Time Jobs With Health Insurance
Below are answers to common questions about part-time jobs with health insurance.
Which jobs have the best health insurance? What companies have the best healthcare benefits?
Jobs at larger companies like UPS and Starbucks usually have better health insurance, even for part-time employees. They have good health insurance because they want to keep and attract good employees who will stay for a long time.
Remember to check if you need to maintain a certain number of working hours to keep your health insurance active as the requirements can change. Each company is different too, so make sure to look at the details for each job.
What companies give medical insurance to part-timers?
Companies such as UPS, Staples, and Chipotle are known for giving health insurance to part-time workers. Each company has its own criteria for eligibility, so you’ll need to check if you meet their requirements.
How can I find nearby jobs that give health benefits quickly?
You can start by seeing if any of the companies mentioned above have job openings near you.
Does Starbucks give health insurance to part time employees?
Yes, Starbucks gives part-time employees the option to enroll in health insurance plans, including medical, dental, and vision coverage, as long as they meet certain eligibility criteria (such as a minimum amount of hours worked each week).
Is health insurance through work worth it?
Yes, getting health insurance through your job can be a way to save money as well as get access to health insurance. My husband did this for years, and he had great health insurance that was extremely cheap.
Part-Time Jobs With Health Insurance – Summary
I hope you enjoyed this article about how to find part-time jobs with health insurance for medical care.
Health insurance isn’t only for full-time employees.
Yes, there are jobs that will give you medical insurance for working just part-time shifts!
Finding the right part-time job with health insurance and a nice benefits package is very possible across many different industries. Companies like UPS, Starbucks, and Costco are known for giving health and medical insurance to part-time workers.
This can be a game changer for you if you are balancing multiple jobs, attending school, or have family obligations that don’t allow for a full-time position.
What other part-time jobs come with health insurance? Leave a comment below and let me know!
Set against the scenic backdrop of the Rocky Mountains, Denver is the best of both worlds for people looking for a big-city environment close to the great outdoors. In town, there’s amazing dining, arts, culture and sports like Colorado Rockies baseball. Just outside of town, you can go hiking, skiing, climbing and much more. It’s easy to see why it’s one of the best places to live in Colorado.
On top of all this, Denver also has an affordable cost of living that’s only 11 percent higher than the national average. This is down 1.4 percent from last year. Most cost of living categories here are actually below the national average. Combine affordable prices with the abundance of things to do and you have a great quality of life that appeals to everyone from families and young professionals. But there are some costly aspects of living in the Mile High City that you should know before uprooting your life to move out west. Here’s how the cost of living breaks down in Denver.
Denver housing prices
The cost of housing is Denver’s highest cost of living expense, rising 40.5 percent above the national average. Even though housing costs here have been going up over the past decade, the current rate is only 2 percent higher than last year.
From downtown to Five Points, Denver has tons of cool neighborhoods for renters. If you’re looking to rent an apartment here, the average monthly rent for a one-bedroom apartment is $2,077. This is 2 percent lower than last year. If you want to size up to a two-bedroom unit, it will set you back around $2,774 a month.
If you’re interested in buying a house in Denver, expect a competitive market. With city parks, good schools and easy access to the city center, Denver has many family-friendly districts and areas that are perfect for homeowners. The median sale price for a house here is $581,000, which is 8.6 percent higher than last year. This is much higher than the national median sale price for a house, which is $403,556.
Denver is by far Colorado’s most populous city. If you’re looking for affordable housing, it’s definitely one of the more expensive options. In Colorado Springs, Colorado’s second-biggest city, the average one-bedroom rent is $1,280. But there are also plenty of smaller cities in the Rocky Mountains that give Denver a run for its money cost-wise. Renting a one-bedroom apartment in the popular outdoorsy town of Boulder is $2,082 a month.
Denver food prices
From mountain climbing to hiking, Denver calls to people who love adventure. That extends to its food scene as well. The Mile High City boasts a diverse and exciting food scene including craft breweries, Mexican cuisine featuring locally-grown green chiles, Rocky Mountain oysters and much more. So if you’re looking for a dynamic and delicious foodie city, Denver could be right up your alley.
Whether you love dining out or dining in, the good news is that the food costs here are pretty affordable. The price of food is 6.6 percent lower than the national average, which is 0.3 percent less than last year. Going to the grocery store, a dozen eggs costs around $2.01, a half-gallon of milk is $1.97 and a loaf of bread is $3.63.
Some food prices here are slightly higher than elsewhere in the state. In Colorado Springs, that dozen eggs costs slightly less at $1.98. But some items are cheaper here, as you’d be paying $2.71 for a half-gallon of milk in Pueblo.
Denver utility prices
Due to its location in the Colorado high desert close to the Rockies, lots of people expect Denver to have hot, dry summers and frigid, snowy winters. But that’s actually not the case. Summers don’t get unbearably hot, with sunny and dry days. Winters can be cold but don’t get as much snow and bad weather as the nearby mountains.
As such, utility costs here aren’t as bad as could be expected due to this reasonable climate. Dropping 1.1 percent from last year, the cost of utilities here is 17.9 percent below the national average. Denver residents can expect to pay around $121.81 for energy each month.
This is actually on the low side of Colorado energy prices. In Colorado Springs, average monthly energy costs are around $195.42. Living in Pueblo, you’d be paying an average of $175.94 a month in total energy costs.
Denver transportation prices
Of all the good things you’ve heard about Denver, traffic and transportation probably aren’t on that list. Due to the rapidly-expanding population, local infrastructure hasn’t been able to keep up with the growth. This has led to notorious gridlock and bad traffic. In fact, it’s one of the worst cities for traffic in America.
Luckily, Denver also has a robust public transportation system, as well as affordable overall transportation costs. The cost of transportation here is 1.3 percent below the national average, which is 8.2 percent lower than last year.
If you do want to use public transportation here, you can use the Regional Transportation District, or RTD, mass transit system. This agency offers bus, rail and light rail transportation options throughout the city. Fares vary depending on the zone and type of transit. The fare for a single bus trip is $3, with a three-hour travel window. With a $6 day pass, riders have unlimited access to local buses and rail services. Local areas around central Denver are lower, with rates going up for regional travel throughout the metro area. A monthly local pass is $114, while a monthly regional pass is $200.
If you do prefer to drive to get around town, you should be aware of the toll road E-470 which heads out to the airport. However, this route heads along the eastern edge of the city and isn’t one of the main arteries for commuters. Unless you head to the airport a lot, you likely won’t need to use it much. You can also pay $35 for an ExpressToll account to use tolled express lanes around the city to get through the most heavily-trafficked areas.
Focus on the cost of a one-way trip (make sure you mention zone pricing if relevant) as well as weekly or monthly fare prices. Also be sure to take into consideration if trains have different rates than subways vs. buses, etc.
Denver is also a fairly walk- and bike-friendly city. With a walk score of 71 and a bike score of 78, it’s pretty easy to navigate the city center on foot or with your bike.
Denver healthcare prices
Colorado is one of the best states in America for healthcare quality and public health. With many top-ranked hospitals in and around the Denver area, locals have plenty of access to exceptional, top-notch medical care.
Along with the quality of care, affordable healthcare costs are another bonus of living here. Down 1 percent from last year, healthcare costs in Denver are 0.5 percent below the national average. Going to the doctor’s office costs roughly $105, and heading to the dentist will set you back around $116. The cost of prescription drugs is on the high side at $488.95.
Even though most of these healthcare costs are reasonable, it’s important to note that these rates won’t be the same for everyone. Healthcare costs vary depending on personal needs, making it difficult to come up with an accurate average. Some Denver locals may pay much higher for healthcare than others depending on insurance, necessary treatments and other health needs.
Healthcare costs here are pretty middle-of-the-road compared to the rest of Colorado. Going to the doctor’s office in Colorado Springs costs $137.50, but is only $95 in Pueblo.
Denver goods and services prices
Along with monthly expenses like housing, groceries and utilities, goods and services is another cost of living expense to consider. These are items or services to purchase or use on a semi-regular basis, like getting a haircut or going to the movies.
Denver has an active social scene, giving residents lots of opportunities for entertainment out on the town. Fortunately, the overall cost of goods and services is reasonable, being only 5.4 percent higher than the national average. This is 4 percent lower than the previous year.
As an example of what those figures mean, getting your hair cut in Denver costs an average of $24.75. This is cheaper than other cities like Colorado Springs, where it costs $26.43. Some costs here are more expensive, like movie tickets. Going to a movie in Denver costs around $14.23 for tickets compared to $11 in Pueblo.
Taxes in Denver
Living in Denver, the city sales tax is 4.81 percent. But that figure goes up to 8.81 percent when you also add Colorado state sales tax and several small taxes for the scientific and cultural fund and transportation.
If you’re spending $1,000 on ski gear getting ready for winter, you’ll be paying $88.1 extra in sales tax.
Denver and Colorado also levy a minimum marijuana sales tax of 15 percent. So if you enjoy partaking, that’s another tax to consider.
How much do I need to earn to live in Denver?
Now that you’ve seen what things like housing and food cost around Denver, the question remains of how much you have to make to comfortably live here.
A good rule of thumb is to only spend 30 percent of your monthly income on rent. This is because rent is typically your biggest monthly expense. Considering that the average rent in Denver is $2,135, you’d need to make $7,116 a month for that to be 30 percent of your monthly income. That comes out to $85,392 annually.
You can use our rent calculator to figure out what you can afford to pay in rent depending on income, location and other factors.
Living in Denver
Especially given its size and popularity, for the most part, Denver boasts a reasonable cost of living. Housing is the biggest exception, whereas other monthly expenses like food or utilities are on the affordable side. So if you can swing higher rents or mortgages, you may find living in Colorado’s capital city to be within your budget. Plus, you get amazing outdoor access, stunning mountain views and tons of big-city fun from sports and dining.
The Cost of Living Index comes from coli.org.
The rent information included in this summary is based on a calculation of multifamily rental property inventory on Rent. as of November 2022.
Rent prices are for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.
Houston relocations are up yet again, and it’s no surprise considering the city’s low cost of living.
With a metro area population of over seven million, Houston is booming. New residents are discovering the perks of living in one of the most popular cities in the Lone Star State. With a diverse population, sunny climate and plenty of entertainment options, Houston is an excellent choice for many young families and working professionals. According to labor statistics, it also has a rapidly growing job market.
Best of all, Houston‘s overall cost of living is nearly 6 percent under the national average — pretty impressive for the fourth-largest city in the nation.
Cost of living in Houston
Figuring out the cost of living index for a city requires a lot of comprehensive information and data. From accommodations and food to healthcare and goods and services, here’s how it all breaks down.
Housing costs and average rent
Data shows that housing costs in Houston neighborhoods are 18.6 percent lower than the national average. When it comes to renting, you can’t beat the price.
The average rent in Houston is just $1,264 (up 16 percent from the local average last year) for a one-bedroom. Rent prices for studio apartments are around $1,375 and two-bedroom apartments average $1,649. Of course, rent varies depending on which Houston neighborhoods you choose to call home. Also, splurging for a fancy apartment will also drive up the cost of the rent.
Most expensive and affordable neighborhoods
According to rent statistics, the Museum District, Uptown-Galleria and Downtown Houston are the most expensive neighborhoods in Houston for renters. The Museum District neighborhood is the cultural hub of the city, home to Hermann Park, the Houston Zoo and the Museum of Fine Arts. Average apartment rent prices here range from $2,264 to $2,049. Downtown is another popular area with great dining, things to do and outdoor fun at spots like Buffalo Bayou Park.
Medical Center and Great Uptown are two other top-tier expensive neighborhoods for rent in Houston.
For the most affordable neighborhoods in the city, rent in areas like Hearthwood Condominiums, North Houston and East Houston. These are popular areas for budget-conscious renters and families seeking affordability and good schools. You can find one-bedroom housing units starting at $686 in rent and going up to $738 in these areas.
Most popular neighborhoods
If you’re looking for a happy balance between affordable rent and quality of life, you may want to consider an apartment in one of Houston’s most popular neighborhoods. The Waterford Square neighborhood, Inner Loop and Montrose are among the most popular Houston neighborhoods.
Here, renters will find apartment rent in the $1,578 to $1,265 range. But they generally are more hip, desirable areas to live in, with better access to amenities and entertainment than some of the more affordable areas. That can include trendy art and dining districts like those in Montrose, schools, parks and more.
Buying a house
When you’re ready to buy a house in a local neighborhood, Houston offers some of the lowest home prices in the nation among large cities. Data provided by sister company Redfin shows that the median cost for a single-family home is around $312,000. In other cities like Austin and Dallas, average home costs vary from $405,000 to $581,000. San Antonio is a little more affordable than Houston. The homeowner’s market here is also not as cut-throat as in other major cities, giving you better chances to score your dream house in your dream neighborhood.
Food costs
The cost of living in Houston for food is cheaper than in other parts of the country. Average food prices are nearly 4 percent lower than the national average.
A dozen Grade A eggs typically cost just $1.55, while a loaf of whole wheat bread runs around $3.62 and a pound of ground beef is $4.14.
Unfortunately, the price of some basic grocery items here is higher than in other major Lone Star State cities. While a half-gallon of milk in Houston will cost around $2.04, it would be $1.98 in Austin.
Not a fan of cooking at home? Texans love to eat out and typically do so up to seven days a week. According to data from Zagat, Houston locals dine out more than any other city in the nation.
Utility costs
Utilities are the only cost of living factor that’s higher than the national average. All those hot Houston summers will run up your electricity bill. On average, Houstonians should expect to pay around $194 per month on total energy costs — 7.4 percent higher than the national average.
Houston operates with a privatized energy distribution model. Consumers can save money by comparing energy providers like CenterPoint Energy or TXU Energy.
Impressively, Houston gets 92 percent of its power from renewable energy sources like solar and wind. That puts it up there with places like San Francisco as a leader in renewable energy usage.
Transportation costs
Houston is largely a commuting city, so having a car is necessary for many parts of the metro area. But it still does have a reliable public transit system. If you live closer to downtown, you can get around primarily relying on public transportation or by walking and biking. Houston has a fairly decent walk score of 55 and bike score of 53, though the city’s transit score is just 46 out of 100.
Luckily, data shows that transportation expenses in Houston are almost 4 percent cheaper than the national average. So, if you do need to use or rely on public transit, it’s affordable.
The METRO system’s fares for local buses or METRORail is just $1.25 per ride or $3 for a Day Pass. Frequent riders can use a METRO Q Fare Card that acts as a digital wallet. It also grants users free unlimited transfers for up to 3 hours after starting their trip.
If you own your own vehicle, getting around on Houston’s major toll roads will cost you between $0.50 and $1.75 per segment of highway. Most drivers opt for the EZ TAG automatic toll pass.
Parking in downtown Houston is pricey. Monthly parking rates vary by location but you can find deals for as little as $50 a month in low-demand areas. Meanwhile, average rates in high-demand areas range from $150 to $400.
Gas prices and car repair costs
Houston’s gas prices are some of the cheapest in the nation. A gallon of regular unleaded averaged $2.40 in 2021. However, this is subject to change and market volatility.
Auto maintenance is also affordably priced at just $55.89 for a tire balance service.
Healthcare costs
The cost of healthcare in Houston is 3.6 percent cheaper than the rest of the nation, despite offering some of the best world-class facilities. Houston hospitals often score top-ranking positions in U.S. News & World Report’s “Best Hospitals Honor Roll and Medical Specialties Rankings” list.
While calculating an average cost for unique individual healthcare needs is difficult, you can get a good idea of the price of medical expenses in Houston by looking at the average cost of some basic services. A visit to the doctor is around $92, while an optometrist appointment costs just under $100 on average and a dentist visit just over $107.
Meanwhile, an OTC medication like Ibuprofen costs an average of $9.83. Also, the average cost of prescription drugs comes in at just under $472 (without insurance).
Just as with your own personal healthcare costs, pet care costs less in Houston. A typical vet visit should run just about $54.
Goods and services costs
The price of other miscellaneous goods and services in the Houston area hovers just above the national average (0.8 percent). Nearly everything from your mechanic to your clothing will cost about the same as it would elsewhere.
Houston is home to plenty of entertainment options, so date night here is affordable. Movie tickets are reasonably priced at $9.63 per ticket, even lower than other in-state metro areas like El Paso and Dallas.
Personal care expenses are also cheaper in Houston. A basic haircut comes in at an average of $21.69, while a visit to the dry cleaners will cost an average of $9.47.
Taxes
In Texas, you’ll have no state income tax munching away a large portion of your paycheck. However, if you’re a homeowner, you may use some of that larger take-home pay on property taxes. Texas has the seventh-highest property tax rate in the nation.
Texas does have a state sales tax, which is 6.25 percent. Various other taxes like county or city can bring that up to 8.25 percent.
The Lone Star State also typically holds an annual sales tax holiday in the fall for clothing and back-to-school supplies and another in the spring for emergency preparation supplies.
How much do I need to earn to live in Houston?
Financial experts advise keeping your rent or other housing expenses under 30 percent of your total household budget. You want to have enough for rent and to still live comfortably and enjoy city life. Considering the average rent in Houston is $1,264, that means you would need to make at least $50,560 to reasonably afford a one-bedroom apartment to rent in Houston.
Since the average annual salary in Houston is $74,000, you can cover rent in Houston comfortably and have plenty left for all other Houston costs of living expenses.
To help determine how much rent you can afford based on your annual salary, check out our handy rent and cost of living calculator.
Living in Houston
The cost of living in Houston is a bargain for those used to high prices in other urban areas. All categories except for utilities run lower than the national average. Everything from groceries to food is affordable. Living in the city, Houston locals have access to everything from great dining to world-class art. Plus, the average rent in Houston will feel like a breath of fresh air to many transplants.
For these reasons, relocation to Houston in 2022 is a great move.
Cost of Living Index comes from coli.org.
The rent information included in this summary is based on a calculation of multifamily rental property inventory on Rent. as of March 2022.
Rent prices are for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.
If you’re exploring career options, pharmacy might have popped up on your radar — and for good reason. Not only can pharmacists command a good salary, they also have job security, as the pharmaceutical industry is one that won’t vanish any time soon.
That said, how much does a pharmacist make? Is it worth all the trouble of going through pharmacy school to become one? Let’s find out.
What Are Pharmacists?
You’ve likely picked up a prescription or two at a pharmacy, but maybe you didn’t give any thought to the person behind the counter. This individual is your local pharmacist, and it’s their job to prepare and dispense prescription medications.
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Pharmacist Job Responsibility Examples
In addition to doling out prescription drugs, pharmacists also consult with patients, provide instructions for how to take medications, and help patients find low-cost medications. Some also give health screenings and immunizations.
Keep in mind, a pharmacist often needs to be outgoing, since their work involves speaking with patients throughout the day. If that’s not your personality, you may want to look into jobs for introverts. 💡 Quick Tip: We love a good spreadsheet, but not everyone feels the same. An online budget planner can give you the same insight into your budgeting and spending at a glance, without the extra effort.
How Much Is a Starting Pharmacist Salary?
As with most professions, pharmacists tend to earn more money as they gain more experience. But what is a good entry-level salary for pharmacists?
Pharmacists with less than a year of experience generally earn, on average, about $54 per hour. That’s $112,320 per year.
Of course, how much you actually can earn depends on where you live, what your duties are, and whether you work for an independent pharmacy or a chain. It can also help to research the highest-paying jobs by state.
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What Is the Average Salary for a Pharmacist?
Now that you see what starting salaries are for pharmacists, let’s address the next question: How much money does a more experienced pharmacist make?
Generally speaking, pharmacists are usually paid by the hour. A pharmacist with 10 years of experience earns an average of $67.05 per hour. That adds up to $139,464 per year.
What Is the Average Pharmacist Salary by State for 2023?
The amount you make will depend on where you live, among other factors. Here’s a look at the average pharmacist salaries by state, from highest to lowest.
State
Salary
California
$161,597
Oregon
$155,710
Washington
$149,466
New Hampshire
$141,041
Nevada
$140,869
Maine
$139,517
Vermont
$137,658
Delaware
$136,276
Maryland
$135,894
Connecticut
$134,175
Alaska
$134,044
Massachusetts
$131,978
Rhode Island
$131,960
New Jersey
$131,698
New York
$131,594
Pennsylvania
$129,724
New Mexico
$129,145
Wisconsin
$128,918
Minnesota
$128,502
Virginia
$128,380
Hawaii
$128,245
Arizona
$126,174
Idaho
$125,760
North Carolina
$125,068
Michigan
$124,768
Colorado
$120,986
Illinois
$120,887
Kansas
$118,122
Ohio
$117,573
Kentucky
$117,448
Indiana
$117,338
Missouri
$116,513
Nebraska
$116,366
Utah
$116,009
South Carolina
$115,570
West Virginia
$115,339
Texas
$115,089
North Dakota
$114,359
Georgia
$114,118
Tennessee
$112,879
Wyoming
$112,326
Montana
$111,924
Iowa
$110,405
Florida
$109,106
Alabama
$106,271
Mississippi
$105,677
Louisiana
$102,542
South Dakota
$100,246
Oklahoma
$98,951
Arkansas
$89,660
Source: Zippia
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Pharmacist Job Considerations for Pay & Benefits
Where you live is one factor that can determine how much you earn as a pharmacist. Your on-the-job responsibilities may also play a role. For example, there are different job titles, and each has its own set of responsibilities, requirements, and salary ranges. Examples include:
• Staff pharmacist
• Pharmacy specialist
• Clinical pharmacist
• Pharmacy manager
• Director of pharmacy
Some pharmacists may have roles and responsibilities beyond filling prescriptions, such as offering immunizations and health screenings. Some may be in charge of hiring and managing other employees. Some may work in traditional pharmacies, while others may work for companies focusing on chemotherapy, nuclear pharmacy, or long-term care.
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Pros and Cons of Pharmacist Salary
While being a pharmacist can be a rewarding job, there are potential drawbacks to keep in mind. Let’s look at some pros and cons.
Pros of Being a Pharmacist
Naturally, the high salary pharmacists tend to command may be one reason to consider this career path. Because many pharmacists get paid by the hour, they’ll be compensated fairly for their time even if they work more than 40 hours a week.
Another perk is that you may have a flexible schedule that allows you to work part-time or during certain hours. There could even be opportunities to work remotely, which may be useful if you’re working in a rural area.
You might also be able to open your own pharmacy instead of working for someone else. This brings freedom and flexibility to you as a business owner.
Finally, you’ll be a valuable member of your community, since it’s your job to help people on their path to wellness.
Cons of Becoming a Pharmacist
If becoming a pharmacist was easy, everyone would do it! For starters, you’ll need to have about six years of education after high school. And the cost of pharmacy school can range anywhere from $5,000 to $30,000 a year for an in-state public college, or $20,000 to $95,000 a year for a private school.
Depending on your financial situation, this could require you to tap into savings or take out student loans. (Creating a budget while you’re in school or just starting out can help you keep track of where your money is going. A money tracker app can help make the job easier.)
Another possible drawback? Some pharmacies may not guarantee a certain number of hours a week, and in that case, being paid hourly may not come with the big paycheck you’d expect.
Also keep in mind that some pharmacists work long hours, which can have a negative impact on your health and mental wellbeing. 💡 Quick Tip: Income, expenses, and life circumstances can change. Consider reviewing your budget a few times a year and making any adjustments if needed.
The Takeaway
If you’re looking for a rewarding and potentially lucrative job, becoming a pharmacist might fit the bill. You’ll help your local community get healthier, and depending on where you live and your level of experience, you could earn competitive pay, too.
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FAQ
What is the highest pharmacist salary?
The state where pharmacists tend to earn the most is California. The average annual income of a pharmacist there is $161,597.
Is it hard to be hired as a pharmacist?
Becoming a pharmacist requires six years of education after high school. The workload is challenging, and pharmacies looking to hire generally have high expectations of applicants.
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