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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4
votes
1answer
11k 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
1answer
126 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
1answer
110 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
1answer
83 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
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1answer
42 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
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2answers
105 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
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2answers
403 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
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1answer
70 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
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6answers
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
2answers
95 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
1answer
129 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 ...
27
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5answers
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 ...
1
vote
1answer
2k 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
1answer
230 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
1answer
293 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'...
25
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2answers
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
1answer
104 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 ...
71
votes
9answers
10k 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 ...
9
votes
2answers
639 views

Can an employer change 401(k) rules to exclude part-time employees who previously participated?

I currently participate in a 401(k) at my work. I am classified as a part time employee with accruals but no benefits currently. For next year, my classification is the same, but now work is not ...
9
votes
1answer
209 views

Should my wife stay un-benefited during pregnancy?

We just found out my wife is pregnant. She's in the process of switching her employment status to what they call per diem, meaning she's not technically a full time employee, although she can (and ...
2
votes
3answers
366 views

When should both spouses get benefits from their jobs?

My wife and I get medical, dental, and vision benefits through her job. Generally we've been pretty satisfied with them. Now for the first time, my job is offering health, dental, and vision as well. ...
6
votes
2answers
227 views

Self maintain my 401(k) if company offers no benefits?

I am switching jobs. My previous job offered a 401(k) plan and I contributed through payroll. My new company literally offers "no benefits at all" meaning no 401(k), healthcare, etc. How can I still ...
1
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2answers
260 views

How do I compare two salary offers with and without benefits?

Can you please help me with the following reasoning? case A) Full time (W-2) employee, in IL state, with gross salary: 140k 140k divided by 2080 gives ~ $67/hr gross. In this case benefits are ...
3
votes
2answers
332 views

What tax percentage will I pay on this benefit in kind?

I live and work in the UK I'm confused at the amount of the tax I will have to pay on this benefit in kind. Say I earn £50k, and have a benefit in kind for travel which is £2000 (for a yearly season ...
9
votes
2answers
720 views

Are there any benefits of FMLA beyond preserving your job?

I'm not positive this is the right forum for this, but it regards personal finance and company benefits, so it seems to fit, if not, please recommend another SO site that's more appropriate. I'm ...
4
votes
2answers
236 views

How do I estimate the value of employer-provided job benefits, for comparing compensation?

I'm trying to put a number on the benefits (health insurance, dental insurance, 401k match, etc). that my job provides. I'm looking at a career move and would like a total compensation number for ...
5
votes
1answer
496 views

Claiming commuter benefits when company didn't offer it

I spent $150/month this year on qualifying commuter expenses (monthly train pass), but I wasn't aware of the commuter tax benefit that was available via the employer. In fact no one at our company ...
2
votes
1answer
180 views

Gratuity Payment Cheque Dishonored (Account frozen - demonetization drive) - Should I hand it back before i get another one?

So, I moved out of this organization (will not reveal the name yet) a month and half ago. I got the gratuity payment cheque within three weeks. I held on to it for another two weeks and then deposited ...
6
votes
1answer
2k views

How does the Spousal Surcharge generally work?

We are on my wife's health insurance policy. I have access to the insurance policy from my employer; however, for the past few years wife's policy was much better. This year wife's policy introduced a ...
6
votes
3answers
5k views

Can I add girlfriend to my benefits provided by employer?

I work in a big tech company in the Bay Area, California. It is time to enroll in benefits and I am trying to understand if I can add my girlfriend to my insurance. I have been living together with ...
4
votes
5answers
407 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 ...
1
vote
0answers
63 views

options for Healthcare and benefits for recently graduated PhD who is short-term unemployed?

I recently (2015) graduated from a PhD program in a very employable science/engineering major from a top three university in the United States. Due to some health and motivational issues (ones that ...
3
votes
1answer
119 views

Statute of limitations on disability pay for a once pregnant mother?

My wife took unpaid maternity leave from her job several months ago when she gave birth to our son. At the time we didn't apply for disability. She has now been back to work for several months. Can we ...
0
votes
1answer
338 views

Good percentage to get for the basic component of your salary

I read quite a bit about how basic pay component being high or low impacts take home and benefits: Higher basic pay component benefits in long term in terms of PF, Gratuity and other benefits ...
3
votes
2answers
3k 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
3answers
389 views

Do company benefits, such as HSA or pre-tax commuter plans, that open up accounts in my name affect my credit report or score?

My company offers a couple different benefit plans that provide me with an account where funds get added and I can charge expenses to. For example, I now have an account and a debit card with a bank ...
3
votes
1answer
622 views

Can an employer refuse to remove a spouse who recently acquired their own health insurance coverage?

My spouse recently took a new position with benefits. Where I have been providing benefits through my employer I contacted them and ask to remove my spouse. At first, they said not a qualifying ...
1
vote
1answer
146 views

How should I ask for an Employer Loan as an Employee?

I would like to ask my employer for a loan. I know IRS guidelines expect it to run at the APR with regards to interest. However, before I ask I would like to be as educated as possible as to what ...
1
vote
0answers
83 views

How to declare foreign benefits in German tax refund?

I did an internship in Germany last year and now I am trying to fill the tax refund papers with the Elster online tool. I received the summary of paid taxes etc. from the company and my German income ...
24
votes
7answers
39k views

Can my employer limit my maximum 401k contribution amount (below the IRS limit)?

I contribute about 13% of my income to my company's 401k, which, at my salary, is well below the IRS limit of $17K/year (in 2012). However, with my raise this year, my benefits department told me that ...
3
votes
2answers
922 views

Are employer gym reimbursement benefits taxable?

My employer reimburses me for up to $50/month for a gym membership. When I put in an expense report, they give me a $50 check. There is no tax withheld. Do I need to report this as taxable income?
9
votes
2answers
3k views

When does it make financial sense to take advantage of employer's tuition reimbursement program?

Many companies offer tuition reimbursement programs. On the surface, these programs are such that qualified employees can enroll in undergraduate / advanced degree programs (or even take individual ...
4
votes
2answers
308 views

Single employee - paying for health insurance premiums with pre-tax money

I am about to join a new US company and will be the only employee for a while. I am not a shareholder or anything similar. The employer cannot offer a group health plan as they normally require at ...
1
vote
1answer
251 views

What does “Cost of Wage Differential” mean

I am being offered a Cost of Wage Differential in a job offer. Can anyone explain what this is and how to figure out if what I am being given is a fair offer?
4
votes
1answer
622 views

Is this 401k statement odd or is it normal?

I'm trying to help someone compare benefits for two different companies. However, we have both interpreted the 401k match statement in the benefits summary differently for one of the companies. 35%...
3
votes
1answer
320 views

How much can I make (or how many hours can I work) while receiving social security benefits?

I currently am on medication and was recently approved for SSI benefits including cash assistance and food stamps. The money comes in monthly with no problem but I can't afford housing with just this ...
2
votes
2answers
3k views

What are the benefits of post-tax transit payroll deductions?

I enrolled in pre-tax transit deductions because I understand that I save on taxes (by doing this). What I don't understand is how post-tax savings works for transit and parking. For something like ...
1
vote
0answers
465 views

Claiming apartment rent as unreimbursed employee expense

a friend of mine visited a tax consultant in USA. The friend is an employee of a software firm and is on a non-resident alien category visa. The consultant told him to mark the apartment rent as ...
0
votes
1answer
630 views

Is it normal to pay 100% of the premium on a long-term disability policy from my employer?

An employer offers long-term disability coverage of 60% for both accident and illness. There is a `180 day elimination period. The employer defines disability "as any occupationn" They also require ...
0
votes
0answers
85 views

Setting up a tax deferring IRA

I work for a small company, so we have like no resources for helping us understanding benefits. My employer is willing to automatically give me 5% of my annual salary if I set up an IRA account. So ...