Edward Jones Benefits
I was curious about the benefits offered by Edward Jones. I was told that you can get health insurance through them, but another friend who sells health insurance for self employed people says he would sell to Edward Jones employees all the time. So does Edward Jones provide health insurance or not?
Ok, good. I don't know what my friend was talking about. Thanks for the reply. I probably should have made sure before I accepted.
Jones does subsidize your benny's the first couple years so the cost is pretty fairly cheap Yooper
Jones subsidizes for the first 46 or 48 months, something like that. For example, I have a family of 4, I use the HD plan with an HSA attached. My premium is about $185/mo. It is higher for the POS-type plans (with lower deductibles), and it is also higher after the subsidy ends after 4 years or so.
The most expensive family plan, for 2+ dependants, no subsidy, is $1100/mo. Associate only, the most expensive plan, no subsidy, is $450/mo. And then there is everything in between. The subsidy knocks off like 30-50% of the cost.
As far as other benefits, they pretty much offer everything else that most major employers offer....dental, life, disability, LTC, AD&D, etc.
I'm past the subsidy for my benes, so I get to pay full boat. For my family of 4 with the same plan that B24 has my medical/RX costs $360 a month. So even after that subsidy period, the benefits are going to kill you. You might be able to find something cheaper outside of Jones or go with your spouses benes if you have one that works. Suprisingly, while my wife was still working, it would have cost us more to use hers than Jones. Go figure.
3 biggest factors in health premiums costs are Health, Family Size, and Age.
A full blown family plan at Jones when I left last year was $860 per month. At my age 31 I can get a cheaper individual plan for my family with the same benefits. However as noted Jones pays a portion of your premium. Most people will be better off using their plan during the subsidy period. Depending on your health and age you may or may not continue to use their plan after those aprox 4 yrs. So I can see your friend having sold plans to Jones brokers before, just won't be good for you in the first 4 yrs. (It used to only be 2 years so he would have had more success with them in the past.)
Sorry, just reread my post. Should have said that the benes even after the subsidy period AREN'T going to kill you.
Worry more about making a contact list, get out and meet folks, if you can't do that you wont last.
PS need something to read? Google Ron Paul.