Questions tagged [benefits]

Questions regarding employment benefits such as Health Spending Accounts, Retirement plans and other financial concerns in compensation packages.

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1 vote
3 answers
142 views

How to value benefits and pension?

I recently started a job with several benefits including health and dental. It also has a pension. For various reasons I do not think I will be staying at this job very long. One reason is the base ...
1 vote
0 answers
101 views

Counter-intuitive distribution of Child-Care Assistance in New Mexico, USA: Would my family be better off earning less?

My understanding of how NM's child-care assistance program works is that my family would be financially better off if our income were lower. I'm hoping someone can explain why I'm wrong. Eligibility ...
2 votes
2 answers
361 views

Tax Implications of employee education assistance reimbursement the following year

The company I work for offers an Educational Assistance Plan and I took classes over the Spring and Fall semesters of 2021. The company requires final grades before reimbursing the expense and so I ...
1 vote
0 answers
118 views

FSA - prepay installment plan for orthodontics - okay on flexible spending account?

Let's say $2,000 is still owed on an orthodontic payment plan which is set to have monthly payments of $250/mo. Assuming there is $2,000 left available on an FSA, can it be used to pay off the rest? ...
1 vote
1 answer
237 views

Sweden: Tax in Sweden on Income from the US

Hej, During 2019, I've worked in Sweden for 9 months and temporarily in the US for < 3 months (during which I requested unpaid leave from my normal Swedish employment). I am aware that I need to ...
-1 votes
1 answer
43 views

Do non-revenue flight tickets incur tax liabilities on the individual who obtained or used the ticket in the United States?

Airline employees often have access to so-called non-revenue flight tickets, for themselves or their surroundings. Do non-revenue flight tickets incur tax liabilities on the individual who obtained or ...
1 vote
2 answers
2k views

lifetime orthodontic maximums, do they reset if I leave to another insurance plan and come back a couple years later?

I had orthodontic work done on my son for a phase 1 and used some of his orthodontic lifetime benefits from insurance A. After he was done with phase 1, I changed to insurance B for a couple years. (...
13 votes
2 answers
4k views

Employer tax benefits of 401k matching vs salary increase

I was trying to understand why a company would offer 401k matching instead of higher salaries to employees. I read that some states require companies to offer retirement things which makes sense. One ...
1 vote
2 answers
187 views

Is it better to have non-employer-related pet insurance if you anticipate leaving the company?

Logically, pet insurance coverage/premiums are more expensive the older the pet is when it is enrolled (higher risk factors associated with age, no preexisting conditions, etc...). I currently have my ...
4 votes
2 answers
802 views

Which insurance is primary when you have coverage through two employers?

If someone has health insurance coverage in the U.S. through two separate employers, which is considered primary for the coordination of benefits? How is this determined?
2 votes
1 answer
43 views

With a Dependent FSA, are expenses incurred in the current calendar year, but before mid year enrollment eligible?

In the United States with a Dependent FSA, are expenses incurred in the current calendar year but before mid-year enrolment eligible? e.g., if I enroll in November for the 2021 calendar year, are ...
4 votes
5 answers
528 views

Why is company provided health insurance tax free, but individual health insurance is not?

Why is company provided health insurance tax free, but individual health insurance is not? I do not understand the rationale for making health care contributions by companies non-taxable, but if an ...
2 votes
0 answers
26 views

Are state disability benefits taxable in tax year when you were eligible for them, or approved for them, or when benefits were actually paid?

Imagine that someone gave birth on November 5th, 2020. California allows moms to take off up to 8 weeks of disability insurance benefits. Are such state disability insurance benefits taxable in 1) tax ...
0 votes
1 answer
378 views

Employment Insurance (EI): Total Insurable Earnings vs Weeks of Entitlement

If one's Regular Weeks Entitlement for the EI is 50 weeks, but the Total Insurable Earnings amount is about $15,000 then does this mean that the EI payments would stop once the $15,000 has been paid ...
4 votes
6 answers
996 views

Is 50K Salary Jump Worth No 401K Benefit

I currently make $75K and my employer offers a 3% match on my 401K. I have now been offered an exceptional job making $120K but there is no retirement plan offered. In CA by 2022 all employers will ...
2 votes
0 answers
94 views

What will I lose if US employer switches me to working for a foreign company?

I'm a dual citizen having grown up in the US, but working and residing outside of US for 20 years. I have worked for my US-based employer for 10 years during which time I've been paid in the US with ...
4 votes
1 answer
179 views

Claiming UK benefits with a SIPP/ISA

I am ask for a friend, who is expecting hard times soon. My friend is not computer literate, and I know nothing of the UK benefits system. The best information I can find is How do savings and lump ...
1 vote
1 answer
51 views

Workplace benefits: negative expense, or different category of income?

I have two concrete examples that I'm curious as to how people would account for them. note that I live in Germany so so rules might be different elsewhere Mandatory Health Insurance Benefit At the ...
2 votes
2 answers
78 views

Taxes regarding relocation - Final Move/Travel

If my spouse and I both get relocation package from different employers, and both employers cover the final move/travel (from current address to out-of-state new address) for 2 of us, can each one of ...
1 vote
0 answers
118 views

Employee benefits not signed up by hr

I enrolled in life insurance for myself and my husband on hire and open enrollment. He now has passed away. The life insurance company said hr never enrolled him. So no policy. Do I have any recourse? ...
1 vote
0 answers
67 views

Retroactive benefits cut

My company just announced that they will no longer award paid time off or sick leave, effective 15 days before the announcement. I’m concerned that such a change may not be legal. I am paid monthly. ...
0 votes
2 answers
46 views

Whether a Non-Immigrant visa holder is eligible for unemployment benefit?

Whether a Non-Immigrant visa holder is eligible for unemployment benefit? Due to COVID-19/ Economy shutdown, delays my job hunt approach. I wonder, whether i am eligible for unemployment benefit in ...
0 votes
1 answer
73 views

401K Enrollment Benefits

I have enrolled in my 401K plan from 2016 onward. While looing into the investment portal, right now I am having only 68K but I contributed for 69K. Is it still worth in enrolling 401K? If I invested ...
29 votes
5 answers
2k views

Are credit card rewards taxable?

There have been several questions about reward point/loyalty programs offered by credit cards Best Travel Point Credit Cards Best Reward Benefit Credit Cards Easy Comparison of Reward Benefit Cards ...
2 votes
1 answer
39 views

Does electing to file a joint return abroad (US citizen with retired alien) eliminate tax due on alien's Soc Sec benefits?

My husband and I are retiring in France. Both of us have US Social Security benefits due us. I am a US citizen, spouse is a non-resident alien. If we elect to file a joint 1040 so that he is treated ...
3 votes
2 answers
4k views

What are the laws or rules on 401(k) loans and switching providers?

So here's the situation. My employer is switching 401(k) providers. I believe they outsource payroll and employee benefits to Benefits Company A. They want to switch to Benefits Company B. I ...
0 votes
1 answer
213 views

Why don't companies systematically offer ESPPs that offer stock options (instead of stocks)?

I read on https://fairmark.com/compensation-stock-options/employee-stock-purchase-plans/overview-of-employee-stock-purchase-plans-espps/ (mirror) in the context of employee stock purchase plans (ESPP) ...
0 votes
1 answer
80 views

Why would you prefer employer to pay all non-taxable benefits and you pay for the benefits that are taxable if your employer pays them?

Tax Planning for You and Your Family 2019 by KPMG. p 153. 10.1.1 Non-taxable employment benefits Certain employment benefits are not taxable, even though many of them are deductible expenses ...
2 votes
2 answers
272 views

How to claim Commuter Parking funds?

I have funds locked into a Commuter Parking account (withdrawn from my bi-weekly pay on a pre-tax basis) that I will never use. Typically, these funds can only be used on work-related parking expenses....
3 votes
1 answer
255 views

Erroneously used child's birth instead of loss of insurance as QLE, double paid insurance for same month

Quick backstory: My wife is a teacher and we were getting our health/dental/vision from her work. When we got pregnant with our second child, we decided she wouldn't go back to work after the baby ...
2 votes
1 answer
100 views

Impatriate Tax Regime

I will be moving to Luxembourg soon and just got to know about this tax regime for expatriates in Luxembourg. I think I am qualified for this regime because I will be getting a European Blue Card once ...
3 votes
1 answer
58 views

UK Tax/Universal credit pension contributions for non earning partner

I understand that any pension contributions made by someone claiming tax credits or universal credit are deducted from the claimants earned income when assessing the amount a claimant is eligible for. ...
0 votes
0 answers
417 views

Filling in Form 8802

I live in the United States. I will be working in Korea this summer (2015) for a month. I am on a J1 visa currently. I arrived in June 2013. For tax returns for 2013 and 2014 I submitted forms 1040NR....
4 votes
1 answer
17k views

Is working on a W2 basis, with benefits paid to me, a good idea?

My prospective employer (a consultancy service) gave me 3 options: signing on as 1099, W2 w/ benefits or W2 all inclusive. The "all inclusive" option means that my benefits are paid in my paycheck ...
5 votes
1 answer
163 views

How is 'death in service' benefit funded? Does the employer benefit?

In the UK many employers offer a 'Death in Service' benefit of (for example) 4x annual salary (e.g. £80,000 if the person was earning £20,000) payable if the employee were to die whilst employed by ...
1 vote
1 answer
154 views

Can my grandfather receive money in the state of Wisconsin if he's unemployed?

Please read entire post before answering. Hello! My grandfather has lived here in the U.S for the past eight years. He immigrated here in 2010 and does have a green card (no citizenship). He also has ...
2 votes
1 answer
97 views

Financial benefits of installing EV charger for landlords and employers

This question is based on the location: Vermont, USA. A lot of information regarding federal tax benefits are available online for Electric or Hybrid car owners. However, I am interested to know if ...
0 votes
1 answer
59 views

Can W2 salary be negotiated when removing healthcare plan?

As a W2 employee, I will get $4,500/mo plus benefits. One of the benefits is that they will pay half the healthcare plan that I select from the options available. In my case, it's about $400, so I pay ...
2 votes
2 answers
117 views

Health Care Benefits Gift?

A friend of mine has opened a company that allows a person to use their health care benefits for things like Orthotics and Compression Stockings but they also give you a free "gift" (something like a ...
1 vote
2 answers
437 views

My medical insurance from my employer is extremely high. Could there be a possible mistake?

I am 26 years old and recently my employer changed to another insurance provider agency and the price went up ridiculously, at least for me. At this company the employer pay 50% of the insurance cost. ...
0 votes
1 answer
455 views

Sweden: Base salary with taxable benefits

I am discussing a job offer in Sweden and has been offered a base salary with taxable benefits added on top of that. I am happy with the take-home amount but I have the following concerns: What sort ...
17 votes
6 answers
14k views

Why do some companies offer 401k retirement plans?

Why do companies offer 401k (or other) retirement plans? Let me elaborate this... I understand that it could be part of an employee's benefits and that a retirement plan option might increase the ...
3 votes
2 answers
167 views

What happens if my primary and one of my contigent beneficiaries pass away? How are percentages disbursed?

When updating my benefits, how should I assign beneficiary percentages? The way I have it setup currently is: Spouse: 100% / Primary Child-1: 34% / Contingent Child-2: 33% / Contingent Child-3: ...
4 votes
1 answer
161 views

Spouse termination documents affecting insurance

A little background: my wife recently changed jobs and is now working part time with a new employer. I want to add her to the health plan I have with my employer, but was told I need confirmation that ...
1 vote
1 answer
6k views

Can corporate insurance coverage continue even after resigning?

While working at a company in India, I was covered by a corporate insurance policy. Also, I was asked to pay the annual premium for including my parents to the policy. In December, I had to resign ...
3 votes
1 answer
342 views

How long after a US serviceman is killed would the family receive the 100K death benefit?

Under ordinary circumstances how soon after a serviceman's confirmed death would the family actually have the 100K to use for expenses? (My understanding that this 100K is in addition to life ...
0 votes
1 answer
543 views

Small business: offering an FSA without an administrator

I work for a very small company (only 2 other employees) that pays well but offers no benefits. I'd really like my employer to offer me a Dependent Care FSA. I'm sure he'd agree as long as it 1) doesn'...
24 votes
2 answers
5k views

Parents want to claim me

I just turned 19 so I'm a legal adult. I moved out of mothers due to neglect and abuse, but still remain somewhat friendly with her. However, she texted wanting to know if she could claim me on her ...
1 vote
1 answer
178 views

Do I lose potential tax benefits by using my employer's tuition assistance program?

Let's say I plan on attending graduate school part-time and that I am currently employed full-time at a company that offers full tuition reimbursement for graduate school with the catch that I must ...
72 votes
9 answers
11k views

Ballpark salary equivalent today of "healthcare benefits" in the US?

For my friends in the US, when considering positions (this applies to either salary or contract positions) I've heard it's sometimes along the lines of, you can have X with healthcare, or Y with no ...