New Job? 6 Benefits That Make the Most of Your Money

new job 6 benefits that make the most of your money

Sumary of New Job? 6 Benefits That Make the Most of Your Money:

  • Image source: Getty Images 1. Health insurance is a must The premium may be expensive, but healthcare coverage is critical for almost everyone.
  • If you’re generally healthy, you may consider opting for a cheaper plan, but know that that will likely have lots of copayments.
  • If you are covered by a spouse or parent, you can opt out of health insurance, but verify your coverage before you make that choice.
  • Health insurance can help you get the care you need to keep a small health issue from turning into a large one, saving money in the long run.
  • 2. HSAs, FSA, and Limited-Purpose FSAs are nice add-ons In addition to health insurance, many employers offer tax-saving Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), or Limited-Purpose FSAs (FSAs for vision and dental coverage only).
  • With these plans, you set aside pre-tax dollars and use the money for those out-of-pocket costs not covered with insurance.
  • HSAs are only available with some types of healthcare plans, and money you don’t use now can be used in the future.
  • FSAs and Limited-Purpose FSAs are both use-it-or-lose-it accounts.

Want to know more click here go to source.

From -

Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close