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Employee Benefits Review

Employee Benefits Review

| May 11, 2020

Open Enrollment is complicated and with short windows to make important elections that will affect your family budget for the coming year; how do you make educated choices?

RMR Wealth Builders, Inc.’s Benefits Review service can help you understand your employers’ plan options. Our qualified staff can help you make sense of the alternatives, identify risks and gaps in coverage, and make cost effective, tax-efficient benefits selections.

By sitting on the same side of the table as YOU, we appreciate your situation and then help evaluate the choices to create and execute the strategy that best fits your family’s needs and financial goals.

Solutions & Services

  • Comparing Healthcare (Medical, Rx, Dental & Vision) plans, costs, maximum out-of-pockets and tax advantages to select the right benefits for you and your family through evaluating:
      o In Network Only (HMO & EPO) vs. In & Out of Network Plans (POS & PPO)
      o Open Access vs. Gatekeeper Plans
      o Traditional vs. Consumer Directed High Deductible Health Plans partnered with Health Savings Accounts (HSA’s)
      o Utilizing Health & Dependent Care Account Flexible Spending Plans (H-FSA & DCAP)
  • Identifying and protecting loss of income, serious injury or illness and other financial risk by filling gaps in coverage with:
      o Life Insurance
      o Short & Long Term Disability benefits
      o Personal Accident, Critical Illness, Hospital Indemnity & Long-Term Care coverages
  • Optimizing short long-term savings, tax-advantages, and related performance through
      o Contributing to your employers Commuter Benefits plan for mass transit and parking expenses
      o Use of tax-advantaged plans like H-FSA, DCAP & HSA can generate income tax savings for reallocation to other tax advantaged or after-tax savings programs, goals and/or to protect risks
      o Allocating contributions to Traditional (pre-tax) vs. Roth 401(k) & optimizing your employer match
      o Utilizing a Health Savings Account (HSA) for supplemental tax deferred savings
      o Evaluating participation in other employer savings options (where available) – e.g.: ESOP & Deferred Compensation

Contact Us to Schedule a Consultation Today!