Candy is trying to decide between two job offers. the compensation package for job a includes a $300 per-month health insurance plan, to which candy would contribute $95; a $40 per-month life insurance plan; a salary of $65000 per year; and a 5% match on 401(k) contributions. the compensation package for job b includes a $400 per-month health insurance plan, to which candy would contribute $105; a $50 per-month life insurance plan; a salary of $64000 per year; and a 9% match on 401(k) contributions. candy plans to contribute $8000 per year to her 401(k) plan, what is the yearly value of health insurance benefit from job a? how about the yearly value of the health insurance benefit from job b?

Job A $65,000
-$5,416.66 Gross Income Monthly
-$95.00 Health Insurance
-$40.00 Life Insurance
-$666.66 Deduction for IRA per month

$4,615.00 Gross Income per month less deductions

Job B $64,000 Annual
-$5,333.33 Monthly Gross Income
--$105.00 Monthly Health Insurance
-$50.00 Monthly Life Insurance
-$666.66 Monthly IRA

$4,511.67 Monthly Gross left


Job A
$3,250 = 5% of $65,000
$8,000 + $3,250 = $11,250 paid into IRA each year

Job B
$5,760. 00 = 9% of $64,000
$8,000 + $5,760 = $13,760 paid into IRA EACH YEAR

So A pays $1,000 more per year , but B pays more into IRA of $2,510 extra per year.


There is no difference in health insurance other than 1 cost more than the other and the same applies to the life insurance.

When you retire, quit, or transfer jobs, then life insurance usually cancels, so no more life insurance and with health insurance may continue on the employers policy under (Cobra) which is $395 per month on A and $505.00 on B for up to 18 months.

The key is the IRA since you keep it till you retire in your own account, thus will have more money invested each year to accumulate to live on.

Ibelieve the answer is medicaid.