Together, we can maximize your Wellstar benefits.
Financial Planning for Wellstar Employees
While working at Wellstar, you may have questions regarding the specifics of the plans and benefits available to you. By coordinating company benefits with your outside assets, our wealth management approach helps you understand each offering to maximize your benefits and achieve your personal financial goals.
Save More Using Wellstar’s Supplemental Retirement Savings Plan
Wellstar’s SRSP TransAmerica 403(b)
Whether retirement is around the corner or off in the distant future, you want to ensure you save in the most tax-efficient manner for you and your family. We help you get the most from both pre-tax and after-tax savings in your SRSP.
How we help Wellstar Professionals with their SRSP:
- Review deferral percentages to ensure you maximize qualified plan contributions each year
- Annually determine the appropriate mix of pre-tax and Roth contributions
- Monitor investment performance and implement investment, savings, and tax-minimization strategies tailored to your long-term goals
- Coordinate with TransAmerica to update your beneficiary designations to match your estate planning goals
Making the Most of Wellstar’s Deferred Compensation Plan (DCP)
For those with certain job levels, the DCP can be a valuable benefit to defer real-time compensation into future years when you have a greater need for it and at potentially lower tax brackets. We optimize your DCP elections in coordination with your expected retirement income to reduce taxes today and minimize them in the future.
Protecting Yourself & Your Family with Wellstar’s Insurance & Health Plans
You care about providing for and protecting those you love most, but do you have the right contingency plan in place if an unexpected event arises? As a fiduciary advisor working in your best interest, we never sell insurance products. Instead, we help you understand the various insurance options available to you and help you decide on a plan that works best for you and your family. Our goal is to ensure that you only pay for what you need instead of all the extras you don’t.
Wellstar offers Short-Term Disability plans, Long-Term Disability plans, a Supplemental Life Insurance Plan (SLIP), and Term insurance plans.
Selecting the Right Wellstar Health Plan for You
With each plan comes various trade-offs and opportunities. We walk you through each plan, plan your contributions for healthcare costs and future retiree medical costs in the most tax-efficient manner, and help you maximize your take-home pay by optimizing your HSA and HC FSA accounts.
Wellstar offers two high-deductible PPO options with co-insurance and one EPO option with co-pays.
Maximizing Wellstar’s Benefits for Your Family
Whether you’re planning for children or well into parenthood, choosing the wrong benefit enrollments can leave money on the table. Wellstar provides a Dependent Care Flexible Spending Account employees can use to pay for qualified daycare expenses tax-free. Open Enrollment is also the time to choose your family’s health insurance for the upcoming year, a critical decision to manage out-of-pocket costs and coordinate coverage with a working spouse.
Baker Wealth Group, LLC is not endorsed by nor affiliated with Wellstar Health System, Inc.