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Healthcare Provider Update: Offers health, dental, vision, life insurance, and HSAs, along with mental health support, flexible work schedules, and paid volunteer time. As ACA premiums rise, Splunks comprehensive coverage and wellness programs help employees avoid the financial burden of marketplace plans. Click here to learn more
Medicare Advantage, sometimes known as “Part C,” is something of a catch-all choice for Splunk employees who are ready to sign up for Medicare. Medicare Advantage plans are offered by private insurers in conjunction with the Medicare program and can provide you with additional health insurance coverage.
What’s in them?
In addition to signing up for Medicare Part A (hospital stays) and Part B (medical coverage), Medicare Advantage plans offer their subscribers extra features. This frequently, but not always, includes the Medicare Part D prescription drug plan. In some cases, Medicare Advantage plans offer coverage for areas not normally offered within regular Medicare plans. This can include dental, hearing, and vision insurance.
What are the rules?
Medicare pays for a fixed amount of your health care to Splunk offering your Medicare Advantage (MA) plan. Beyond that, each MA plan requires different out-of-pocket fees. Those fees can vary from plan to plan. Depending on your plan, you may have different rules you need to follow when seeking a medical referral to get treatment from a specialist or if you are seeking non-urgent care (even from health care providers within the plan). It’s also important to remember that rules, requirements, and features may change from year to year. It will be important to make sure that those changes line up with any treatment that you need.
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What about my prescriptions?
While most MA plans offer Part D coverage for prescription drugs, some don’t. One example would be Medicare Medical Savings Account plans. In cases where the plan can’t or chooses not to offer prescription drug coverage, you may have the ability to join a separate Medicare Prescription Drug Plan, depending on the type of plan you enroll in. You will likely have a number of questions and concerns as you examine your options for Medicare Advantage plans. Discuss these with a trusted financial professional who can help you make choices that may best fit your lifestyle.
1. Medicare.gov, 2022
What type of retirement savings plan does Splunk offer to its employees?
Splunk offers a 401(k) retirement savings plan to help employees save for their future.
Does Splunk match employee contributions to the 401(k) plan?
Yes, Splunk provides a matching contribution to employee 401(k) contributions, subject to certain limits.
What is the maximum contribution limit for the Splunk 401(k) plan?
The maximum contribution limit for the Splunk 401(k) plan aligns with IRS guidelines, which can change annually.
Can employees at Splunk make pre-tax contributions to their 401(k) plan?
Yes, employees at Splunk can make pre-tax contributions to their 401(k) plan, reducing their taxable income.
Does Splunk offer a Roth 401(k) option for employees?
Yes, Splunk provides a Roth 401(k) option, allowing employees to make after-tax contributions.
When can employees at Splunk start contributing to their 401(k) plan?
Employees at Splunk can start contributing to their 401(k) plan after they meet the eligibility requirements, typically upon hire.
How often can Splunk employees change their 401(k) contribution amounts?
Splunk employees can change their 401(k) contribution amounts during designated enrollment periods or as allowed by the plan.
What investment options are available in Splunk's 401(k) plan?
Splunk's 401(k) plan offers a variety of investment options, including mutual funds and target-date funds.
Are there any fees associated with managing the 401(k) plan at Splunk?
Yes, there may be fees associated with managing the 401(k) plan at Splunk, which are disclosed in the plan documents.
Can Splunk employees take loans against their 401(k) savings?
Yes, Splunk allows employees to take loans against their 401(k) savings, subject to the plan's terms and conditions.
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