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Guest
If a person earns $66L @ year, is it reasonable to assign an annualized dollar value of $33,500 to their benefits (health insurance, 401K, etc.)?
Suppose an employer covers 100 percent of your monthly health insurance premium and that the insurance plan's annual deductible, or out-of-pocket amount you'll pay for medical care before insurance kicks in, is $500.
If your employer only covers 80 percent of your monthly health insurance premium, with the rest, $200 per month, deducted from your paycheck. The annual deductible is $1,000.
Do the math:
Net salary for Job B falls to $29,100 ($29,600 net salary minus $500 of your $1,000 deductible) and will drop up to $500 more if you have additional health problems.
http://career-advice.monster.com/sa...on/calculate-your-benefits-worth/article.aspx
Suppose an employer covers 100 percent of your monthly health insurance premium and that the insurance plan's annual deductible, or out-of-pocket amount you'll pay for medical care before insurance kicks in, is $500.
If your employer only covers 80 percent of your monthly health insurance premium, with the rest, $200 per month, deducted from your paycheck. The annual deductible is $1,000.
Do the math:
- Job A: With a $30,000 salary and no annual cost for health insurance, your net salary is $30,000.
- Job B: With a $32,000 salary and your annual cost for health insurance at $2,400 ($200/month times 12 months), your net salary is $29,600 ($32,000 minus $2,400).
Net salary for Job B falls to $29,100 ($29,600 net salary minus $500 of your $1,000 deductible) and will drop up to $500 more if you have additional health problems.
http://career-advice.monster.com/sa...on/calculate-your-benefits-worth/article.aspx