Freddie Mac Benefits Review and Comparison
The most challenging item for employees is often deciding which medical insurance to select. Do you take the plan with higher premiums and a lower deductible? The high deductible plan (HDHP) with a health savings account (HSA)? The HMO with constrained physician options, but comprehensive and coordinated services?
In this review we provide recommendations for which benefits to select and the tradeoffs between employer offered benefits vs benefits that can be purchased by the client directly. That said, the most challenging item for employees is often deciding which medical insurance to select.
To help make the financial impact of the decision clear, we have developed a comparison tool that allows us to determine the cost of each plan as medical expenses rise. We take into account the pre-tax nature of premiums, the plan deductible, out of pocket maximum, cost sharing for medical services, and any contributions made by the employer. The chart below illustrates the cost of Freddie Mac family medical plan to a client in the 37% tax bracket.
Jason Howell Company (JHCo.) is an independent, family wealth management firm run by two owners who consider it their family business. Jason J. Howell, CFP®, CPWA®, CSRIC® and Douglas W. Tees, MBA, CFP® are both married to patient wives and are dedicated to their kids.
The firm owners believe that busy, dual income couples should feel good about the wealth their building for their families. "Feeling good" begins with turning family values, standards and rules around money into a family governance structure that creates harmony for everyone involved. It continues with implementing a sustainable investment strategy (SRI, ESG) and a proactive strategy for philanthropy. The two owners strike the right balance between attention to detail and keeping these serious subjects "light."
Jason Howell Company: Feel Good About Your Money™
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