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New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

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100 Questions Every First-Time Home Buyer Should Ask For San Diego Gas & Electric Employees

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Healthcare Provider Update: San Diego Gas & Electric (SDG&E) primarily offers healthcare coverage for its employees through various health insurance providers, including major players in the market such as Anthem Blue Cross and Kaiser Permanente. These providers typically offer a range of plans that cover various medical needs, including preventive care, hospital visits, and prescription medications. As we approach 2026, significant healthcare cost increases are anticipated for SDG&E employees. With the potential expiration of enhanced federal premium subsidies under the Affordable Care Act, many policyholders may see their out-of-pocket costs skyrocketing by over 75%. Increased medical costs, driven by rising hospital and prescription drug prices, combined with aggressive rate hikes from insurers, could lead to premium increases of up to 66.4% in some states. This perfect storm of factors will pose a substantial financial challenge for workers relying on employer-sponsored healthcare plans. Click here to learn more

A home is the single, largest purchase most of our clients from San Diego Gas & Electric will ever have to make. With so much money, and so many dreams at stake, it is essential for our clients from San Diego Gas & Electric to become fully- informed buyers. 100 Questions Every First-Time Home Buyer Should Ask is an invaluable resource for our San Diego Gas & Electric clients who are new to the market. It provides the kind of detailed information purchasers need to successfully navigate the increasingly complex real estate market.

The book is well-organized into chapters that lead first-time buyers through the entire process from start to finish. Initial chapters cover the basics such as how to determine the right house for your needs, and how to sort 'needs' from 'wants.' In succeeding sections, Glink addresses how to know what you can afford, understand mortgage options, and negotiate the deal. Finally, the book explores the closing process and post-sale issues.

Answers are provided by the nation`s top real estate brokers. Author, Ilyce R. Glink, a nationally-recognized, award-winning real estate educator, also draws from her own vast store of knowledge.

This revised, second edition has been updated for today`s market. New topics include how to make the most of Internet resources, how to get the best mortgage deal, and how to take advantage of the Taxpayer Relief Act of 1997.

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The information being provided is strictly as a courtesy. This does not constitute endorsement by this company. The opinions expressed are solely those of the author and may or may not be representative of our opinion.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
San Diego Gas & Electric (SDG&E) offers both a traditional defined benefit pension plan and a defined contribution 401(k) plan. The defined benefit plan includes a cash balance component, where benefits grow based on years of service and compensation, with interest credits added annually. The 401(k) plan features company matching contributions and various investment options, including target-date funds and mutual funds. SDG&E provides financial planning resources and tools to help employees manage their retirement savings.
Record Profits and Investments: SDG&E reported record profits of $936 million for 2023, up $21 million from 2022. Despite this profitability, the company has faced criticism over high energy rates and efforts by local groups to replace it with a public utility. SDG&E continues to invest in infrastructure and diverse supplier programs, with $450 million contracted with minority-owned firms in 2023 (Sources: San Diego Union-Tribune, Voice of San Diego, Times of San Diego).
San Diego Gas & Electric provides RSUs to employees, vesting over time and converting into shares upon vesting. Stock options are not typically part of their compensation package.
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For more information you can reach the plan administrator for San Diego Gas & Electric at 488 8th ave San Diego, CA 92101-7123; or by calling them at 619-696-2000.

https://www.sdge.com/documents/pension-plan-2022.pdf - Page 5, https://www.sdge.com/documents/pension-plan-2023.pdf - Page 12, https://www.sdge.com/documents/pension-plan-2024.pdf - Page 15, https://www.sdge.com/documents/401k-plan-2022.pdf - Page 8, https://www.sdge.com/documents/401k-plan-2023.pdf - Page 22, https://www.sdge.com/documents/401k-plan-2024.pdf - Page 28, https://www.sdge.com/documents/rsu-plan-2022.pdf - Page 20, https://www.sdge.com/documents/rsu-plan-2023.pdf - Page 14, https://www.sdge.com/documents/rsu-plan-2024.pdf - Page 17, https://www.sdge.com/documents/healthcare-plan-2022.pdf - Page 23

*Please see disclaimer for more information

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