Originally Posted by
FangsF15
The 5 year lookback window (vice 3) is a nice feature.
How does the tax free option work/differ? Always looking for incremental improvements. Are you saying that you made $60k a month for a year? What’s the detail on “best” of last 5 years?
Agree the DC contribution basically staying at a level ‘as if you were still active’ is a massive win for both of us.
In the simplest terms. The cost of the plan is a taxable benefit. If you pay that tax now your benefit is not taxable. Look to obtain making a decision on paying that tax on the benefit during open enrollment annually. It’s a no brainer to pay that tax making benefit payments non taxable.
On a separate note there’s basically two pays to determine benefit amounts. W-2 look back and pay rate times guarantee at the time you go out. Nobody is paying more than 60% of those numbers. There’s pluses and minuses to both.
As far as self insured through company I agree at a legacy self insured is the way to go. You’re eliminating third party costs making plans cheaper. At smaller carriers third party is better for the simple fact that if the carrier goes away the benefits don’t.