I am looking at potentially accepting a lower paying position that includes a pension and “retiree health benefits for individuals and family” after 10 years of service.
Before age 65, they offer a choice of three PPO plans.
After age 65, they offer a Medicare Advantage & Prescription Drug Plan.
Does anyone know how one could value these benefits? I am trying to compare the overall compensation package. I think the pension is pretty straight forward as it is just annuity payments.
The retiree benefits seem confusing to me.
For example, I suspect that healthcare is broken in a death spiral and the US will significantly raise taxes and adopt socialized medicine. In that scenario would these “retiree benefits” ultimately be worth $0?
A data point on my current W2 box 12 says that my employer paid $7800 in 2018 for my family health insurance.
Given that I have a family of 4 how would you value a benefit like that?