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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72 votes
9 answers
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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 ...
Fattie's user avatar
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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 ...
Zephyr's user avatar
  • 6,230
25 votes
7 answers
46k 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 ...
SqlRyan's user avatar
  • 353
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 ...
Porixify's user avatar
  • 387
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 ...
Marsellus Wallace's user avatar
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 ...
roobee's user avatar
  • 265
13 votes
2 answers
2k views

Sign up for credit card only for rewards and benefits, then cut it up - pros? cons?

First off, I know red flags go up when credit cards are mentioned, so as a disclaimer, I am responsible with credit, prompt with payments, and I have a good solid credit score (says credit.com today). ...
Ben's user avatar
  • 265
10 votes
5 answers
618 views

Does my company's 401k plan provider matter to me?

My company is about to change the 401k provider it uses from one major provider to another. Does this matter to me, provided my company doesn't change any of it's benefits policies?
C. Ross's user avatar
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10 votes
4 answers
431 views

How to value employee benefits?

How should I value benefits such as health insurance and employee stock purchase plans when I'm comparing jobs? I'd like a conversion to dollars so I can fairly compare them to jobs with only direct ...
C. Ross's user avatar
  • 7,856
10 votes
3 answers
3k views

Should I wait a few days to sell ESPP Stock?

I have read three other threads about employee stock purchase plans (I get to buy company stock at a 15% discount) and come to the conclusion that I should sell most of my shares immediately after ...
Philip's user avatar
  • 890
9 votes
2 answers
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 ...
user3898238's user avatar
9 votes
2 answers
666 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 ...
star's user avatar
  • 91
9 votes
2 answers
820 views

Are travel point / reward credit cards worth the hassle and cost?

Are travel point / reward credit cards worth the hassle and cost? Many such cards have fees, and when you try to book there are often restrictions. What has your experience been with these types of ...
user avatar
9 votes
2 answers
825 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 ...
delliottg's user avatar
  • 595
9 votes
3 answers
1k views

Calculating cost effectiveness of a medical plan

I am evaluating new medical plans, and I'd like to figure out a formula that will give me some idea of the potential benefits of one vs another vs another.. etc.. I have these variables: Cost Per ...
Erik Funkenbusch's user avatar
9 votes
1 answer
261 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 ...
MrDuk's user avatar
  • 1,371
6 votes
2 answers
238 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 ...
user avatar
6 votes
3 answers
10k 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 ...
J. Doe's user avatar
  • 61
6 votes
1 answer
3k 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 ...
varm's user avatar
  • 331
6 votes
2 answers
371 views

When negotiating a compensation package with a prospective new employer, how can I determine what element is worth more?

i.e. is there a way to "normalize" value and future-value of compensation components such as: annual bonus, commission, pension contribution, health benefits, vacation days, company car, etc. so that ...
Nat_Rea's user avatar
  • 8,683
5 votes
1 answer
526 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 ...
gst's user avatar
  • 53
5 votes
4 answers
2k views

What's the best way to handle FSA transactions in light of a pregnancy?

If a worker makes contributions to a dependent-care Flexible Spending Account, and that worker expects she will be on maternity leave for a portion of the year, much of which will be "unpaid", what is ...
Jeromy French's user avatar
5 votes
2 answers
339 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 ...
dashme's user avatar
  • 113
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 ...
user81798's user avatar
  • 271
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 ...
ady79's user avatar
  • 41
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 ...
Five Bagger's user avatar
  • 9,785
4 votes
1 answer
923 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 ...
AJonas's user avatar
  • 41
4 votes
2 answers
349 views

What options exists if your wife's employer doesn't cover any type of maternity leave?

Recently I discovered that not all employers will cover maternity leave. Many will allow an expectant female to leave for a period of time, but it will be under a leave without pay license. Aside ...
Geo's user avatar
  • 5,825
4 votes
1 answer
658 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%...
Jason Eades's user avatar
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 ...
user2642's user avatar
4 votes
2 answers
4k views

Canada Universal Child Care Benefit (UCCB): $100/month per child under age 6 from the government. Is it true?

Somebody told me that if I have a child under age 6, then I'm entitled to get a $100/month benefit from the Canadian government. Is that true? How do I apply for it?
Chris W. Rea's user avatar
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4 votes
2 answers
162 views

401(k) Investment stategies

I am a new grad and I just started working for a company. They offered me a 401(k) with a very good matching. So I decided to invest some of my income as I am single. I was taken by surprise by how I ...
howtechstuffworks's user avatar
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 ...
Sam Fox's user avatar
  • 75
4 votes
1 answer
2k views

Is it necessary for an employer to claim employee rental housing as a paid benefit?

A friend of mine pays to rent housing from her employer. This housing is owned and managed by the employer and rented only to employees. They agreed upon a rent of $X per month when she moved in and ...
stackunderflow's user avatar
4 votes
2 answers
31k views

Benefits available to single-mom with low income, in Canada?

I have been in Canada for 6 months. My husband and I have recently separated. I have a 4-year old son living with me. I am currently working but the income is very low. I earn about $800/month. Which ...
user avatar
4 votes
2 answers
272 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 ...
T. Thomas's user avatar
  • 383
4 votes
1 answer
172 views

Belated unemployment benefits: Is it possible to apply after a year out of work?

I was laid off last year in May but never bothered to apply for unemployment benefits then because I have a Green Card (permanent resident) and presumed the benefits are only applicable for US ...
user1185's user avatar
  • 183
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?
Daniel's user avatar
  • 5,330
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 ...
Frostbyte's user avatar
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 ...
JustAnotherCoder's user avatar
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 ...
Andrew's user avatar
  • 193
3 votes
2 answers
435 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 ...
user55067's user avatar
3 votes
2 answers
1k 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?
David's user avatar
  • 328
3 votes
1 answer
140 views

How should I include pension contributions in my UK Child Benefit calculations?

I'm using the gov.uk Child Benefit Tax Calculator and I don't know how I include my pension contributions in the "Pension contributions deducted from your pay" and "Pension contributions not paid from ...
conradj's user avatar
  • 329
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: ...
MrDuk's user avatar
  • 1,371
3 votes
1 answer
398 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 ...
Daniel's user avatar
  • 39
3 votes
1 answer
502 views

Applying for Unemployment Benefits with some complications

I'm currently a student at Cornell University, where I pay for a monthly rent of about 780 dollars per month. I need a little more money to keep up my payments, but a job is simply not an option with ...
user avatar
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 ...
BobE's user avatar
  • 688
3 votes
1 answer
138 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 ...
Eliyahu's user avatar
  • 635
3 votes
1 answer
188 views

Does Medicaid pay for prescription drugs?

If you don't make much money, there are prescription advocacy programs like this one that one can take part in. However, if you don't make a ton of money, it seems to me that you're likely to be on ...
neubert's user avatar
  • 3,831