What are the health insurance premiums for other Big 4 firms, for the "best" plan? Do they follow EYs pricing model (where they charge per child up to 5), or do you still have a "family" plan?
3
Big 4 salaries come with big burnout risks. I'm currently at Deloitte, and I'm running on fumes. However, I'm too afraid to take a step back or take time off because I never know when layoffs will hit and I don't want to be seen as weak. So I keep pushing myself. How do you guys work yourself to the point of exhaustion and yet avoid burnout?
Finance and tech sectors are cutting new hire classes in half meanwhile accounting firms are paying new hires as much as experienced hires. This inability to think dynamically or forward is why accounting firms get no respect in the marketplace. Just a bunch of old boomers who run everything based on accounting outcomes (history), not ongoing operations (future).
My high deductible plan at EY is something like 25-50 bucks per month, and I save more on my tax bill through the HSA than I pay in premiums.
EY (best plan) is $152 for employee, $228 for spouse and $122 per child, up to 5 (after 5, you only pay for 5). The other option is $104, $157 and $84, respectively.
EY’s plan is SO MUCH better than D’s. Used to have a small deductible and minor co insurance and now I have a larger deductible and co payment in lieu of co insurance (co payment - higher amounts you are responsible for, and they don’t go into the deductible).
Jeez! I pay $26/month for employee only and I thought that was ridiculous. Every other place before accounting covered employee only 100%
So a family of four is $624/mo? KPMGs highest plan is $654/mo for family of four but only (lol) $724 for family of five and above. If you have a lot of kids, KPMGs would be way cheaper than EYs. With all that said, our second best plan is actually just as good for most people and is $404/mo for family of four and $448/mo for five and over.
Pwc plan sucks for family (low deductible plan). I pay $890 per month for a myself, spouse and an infant. The pro is that irrespective of how many kids I have, the plan premium is not going to increase by 890. The downfall is that it literally has no freaking benefits. After paying this premium, My max deductible for a year is still 6k (planning for second baby and was looking into it). Seriously, it sucks (gift from Tim Ryan as in 2016, the same premium got me literally 1500 deductible on my first kid).
So a family of 4 (employee, spouse and 2 kids) is either $624 (premium) or $429 (second best). We have a high deductible option as well, but the cost differential isn't that much more than the second best plan. The most you would pay (employee, spouse and 5 or more kids) is $990 or $681 for the premium or select plan, respectively.
Family plan
There is two family plans. One for more than two kids and one for two kids or less.
Damn that’s $152/month?
Not to mention I pay a higher premium
Yes that's per month.
SA1 where do you work?
Moss Adams