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

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eBay Employees: Navigating the Rising Costs of College Tuition for Your Family

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Healthcare Provider Update: Healthcare Provider for eBay eBay utilizes the services of multiple healthcare providers for its employees, typically engaging in partnerships with large, well-known insurers to provide comprehensive health plans. While specific details about eBay's current healthcare provider may vary, they have previously been associated with providers like UnitedHealthcare and Anthem. Potential Healthcare Cost Increases in 2026 As eBay prepares for 2026, it faces potential challenges due to steep healthcare cost increases. Premiums for Affordable Care Act (ACA) marketplace plans are projected to surge significantly, with some states seeing hikes over 60%. Factors contributing to this surge include higher medical costs, the likely discontinuation of enhanced federal subsidies, and aggressive pricing strategies from major insurers. As a result, employees may experience a dramatic rise in out-of-pocket healthcare expenses, with estimates suggesting increases could exceed 75% for many enrollees. This scenario underscores the importance for employers like eBay to strategize effectively in managing healthcare benefits amidst a turbulent market. Click here to learn more

It doesn’t take a degree in finance to see the cost of college continues to rise.

In its 2017 report, the College Board showed that public four-year institutions raised prices an average of 3.2% annually between the 2007-08 and 2017-18 school years. Put another way, a $5,000 education in 2007-08 would cost $6,851 in 2017-18.

For a few families, the lion’s share of education costs falls on parents and, in some cases, on grandparents. For our eBay clients who are parents you may already know, generally, the majority of families rely on a combination of scholarships, grants, financial aid, part-time jobs, and parent support to help pay the cost.

For eBay employees who have children approaching college age, a good first step is estimating the potential costs. The accompanying worksheet can help you get a better idea about the cost of a four-year college.

For eBay employees who already put money away for college, the worksheet will take that amount into consideration. For eBay employees who haven’t, it’s never too late to start.

Resources


There are a number of resources that can help individuals prepare for college. The U.S. government distributes certain information on colleges and costs. Here are two sites for these eBay employees to consider reviewing:

www.studentaid.ed.gov
The government’s college and financial aid portal.

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www.collegeboard.org
The group that administers the SAT test.

Estimating the Cost of College

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What type of retirement savings plan does eBay offer to its employees?

eBay offers a 401(k) retirement savings plan to its employees.

Does eBay provide a company match for contributions made to the 401(k) plan?

Yes, eBay provides a company match for employee contributions to the 401(k) plan, subject to certain limits.

What is the maximum employee contribution limit for eBay's 401(k) plan?

The maximum employee contribution limit for eBay's 401(k) plan is in accordance with IRS guidelines, which may change annually.

Can employees at eBay choose between traditional and Roth 401(k) contributions?

Yes, employees at eBay can choose to make either traditional pre-tax contributions or Roth after-tax contributions to their 401(k) plans.

When can eBay employees enroll in the 401(k) plan?

eBay employees can enroll in the 401(k) plan during their initial onboarding period or during the annual open enrollment period.

How often can eBay employees change their 401(k) contribution amounts?

eBay employees can change their 401(k) contribution amounts at any time, subject to the plan's guidelines.

What investment options are available in eBay's 401(k) plan?

eBay's 401(k) plan offers a range of investment options, including mutual funds, target-date funds, and other investment vehicles.

Does eBay allow for loans against the 401(k) balance?

Yes, eBay allows employees to take loans against their 401(k) balance, subject to the plan's terms and conditions.

What happens to an employee's 401(k) balance if they leave eBay?

If an employee leaves eBay, they can choose to roll over their 401(k) balance to another retirement account, cash out, or leave it in the eBay plan if eligible.

Are there any fees associated with eBay's 401(k) plan?

Yes, eBay's 401(k) plan may have administrative fees and investment-related fees, which are disclosed in the plan documents.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
For eBay, the company offers a 401(k) plan and a defined contribution pension plan as part of its retirement benefits. The 401(k) plan allows employees to contribute a portion of their salary towards retirement savings, with eBay providing a matching contribution. As of 2023, eBay employees who meet certain age and service requirements can participate in these retirement plans. The specific 401(k) plan for eBay employees is designed to maximize retirement savings, with the company matching employee contributions up to a certain percentage of their salary. The eligibility for the 401(k) plan typically requires employees to be 21 years old and to have completed one year of service with the company. In addition, long-term part-time employees who work at least 500 hours in three consecutive years are also eligible to participate starting in 2024 due to changes brought by the SECURE Act.
Restructuring and Layoffs: In January 2024, eBay announced a significant restructuring plan that includes laying off 1,000 full-time employees, representing approximately 9% of its workforce. This move is part of a broader strategy aimed at reducing operating costs and improving efficiency in response to economic pressures such as rising inflation and interest rates, which have affected consumer demand and the company's financial performance. The layoffs are part of eBay's effort to position itself for long-term success by streamlining operations and consolidating teams. The company has also indicated plans to reduce contracts within its alternate workforce. Addressing these layoffs is crucial in understanding the impact of the current economic, investment, and tax environment on tech companies.
Stock Options and RSUs Availability eBay offers stock options and Restricted Stock Units (RSUs) to eligible employees, providing them with an opportunity to own shares of the company and benefit from its performance. These equity compensation tools are primarily available to full-time employees across various roles, including senior executives and other high-performing employees. The eBay Stock Option Plan allows employees to purchase shares at a set price (strike price), while RSUs are granted as shares that vest over time, incentivizing long-term retention​
eBay offers a comprehensive health benefits package designed to meet the diverse needs of its employees. For the years 2022, 2023, and 2024, eBay's health benefits have included a range of options such as PPOs (Preferred Provider Organizations), HMOs (Health Maintenance Organizations), and high-deductible health plans (HDHPs) paired with Health Savings Accounts (HSAs). This variety ensures that employees can choose a plan that best fits their personal healthcare needs and financial situations. Specific healthcare-related terms and acronyms commonly associated with eBay's health plans include PPO, HMO, HDHP, and HSA. These plans cover essential services such as preventive care, dental and vision insurance, disability insurance, mental health support, and life insurance. Additionally, eBay has focused on mental health benefits, recognizing the importance of supporting both the physical and mental well-being of its employees.
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For more information you can reach the plan administrator for eBay at 2025 Hamilton Ave San Jose, CA 95125; or by calling them at (408) 376-7400.

https://www.fidelity.com/learning-center/personal-finance/retirement/company-stock https://www.kitces.com/blog/net-unrealized-appreciation-nua-employee-stock-ownership-plans-esop-capital-gains-income-tax/ https://contracts.justia.com/companies/ebay-441/contract/224048/ https://www.valueaddedresource.net/ebay-ceo-compensation-compliance-ethics-2024-proxy-statement/ https://jobs.ebayinc.com/us/en/our-benefits https://www.payscale.com/research/US/Employer=eBay_Inc./Benefits https://www.groom.com/resources/2023-retirement-plan-year-end-amendments-and-operational-compliance/ https://www.fidelity.com/about-fidelity/Q4-2023-retirement-analysis https://www.thelayoff.com/#google_vignette https://www.milliman.com/en/ https://www.octoberthree.com/ https://www.albertinofinancial.co/ https://www.irs.gov/ https://tracxn.com/d/acquisitions/acquisitions-by-ebay/__zt4IUPOZtdoTnm_2yHXgevJPIWMqjI-i3YY4GdRtg3w https://jobs.ebayinc.com/us/en/our-benefits https://builtin.com/company/ebay/benefits https://www.trpcweb.com/ https://www.journalofaccountancy.com/

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