The Ultimate Guide to New Employee Benefits

Guide to New Employee Benefits

The Ultimate Guide to New Employee Benefits

We’ve all been there or will be there sometime in our lives. We start a new job. We have new responsibilities, new expectations, a new schedule, a new salary, and finally, new benefits. Benefits. Just hearing word is overwhelming and exhausting. It typically entails at least one large packet of information and a lot of mumbo jumbo. Who wants to read through that? Plus, they’re benefits, right? They’re there and we don’t need to worry about them. I’ve said it many times myself, “I’ll learn about them later when I have more time.” Somehow, that time never comes. This guide to new employee benefits allows you cut down the time to understanding your benefits.

I’m here to say that learning about your employee benefits is more important than you think. Not optimizing your benefits could literally cost you thousands of dollars.

Most benefits handbooks are long-winded and use unfamiliar words, making them even more unappealing. What if you had a guide explaining new employee benefits in simple, easy to understand language? That’s what this guide is for.

I wish I’d had better training or a guide to new employee benefits many years ago. After being employed full-time for four years, I finally had a grasp on what my employer was offering. There are many things I wish I had known when I started working full-time, and I am going to share them here.

Since all benefits packages are different, I won’t be able to be 100% specific. I will, however, do my best to explain the high level benefits and also give basic recommendations. This page will be used as a sort of table of contents for the guide, as I’ll add links to each of the lines below.

If you have any questions, do not hesitate to contact me!

  1. Health Insurance
    1. Health Insurance Basics
    2. Flexible Spending Accounts (FSA): Tax-advantage spending
    3. Health Savings Accounts (HSA): Tax-advantage spending for HDHPs
    4. Health Reimbursement Account (HRA)
    5. Vision and Dental Insurance
  2. Retirement Income
    1. 401k: Where to begin and how to best utilize it
    2. Pension
  3. Other Insurance
  4. Job Loss
    1. Basics of health insurance after a job loss
    2. How to handle your 401k after a job loss

Image courtesy of [Stuart Miles] /

About Trent

I started Frugal Purpose to share my love of personal finance to assist your pursuit of a more fulfilling life. I am a financial analyst by trade, traveler at heart, and want to share with you the beauty of this world.


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