Should health insurance costs for employees be listed under class/object code 6420—Insurance Costs?
No. Health insurance costs for employees are part of fringe benefits; therefore, they need to be included in staff salaries on the payroll schedule. Insurance costs to be listed under 6420 are the costs for insurance which the organization is required to carry, or which is approved, under the term of the award, and other insurance which the organization maintains in connection with the general conduct of its operations.
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- Should health insurance costs for employees be listed under class/object code 6420—Insurance Costs?
