Hi everyone,
I'm in my early 20s in this is my first serious job and I have no one to consult so I really appreciate the opinions.
My company is offering 100% match on 5% of my salary that will be put into a low risk fund that will pay for my retirement health insurance. The thing is I have no idea how important is health insurance after retirement and also how expensive it is?
Is this a good deal? and would health insurance really requires me to commit 5% (+%5 company match) of my salary for the next few decades? Please give me your opinions. Also I can get the 5% in cash if I want to when I retire but I won't get the match.
For context, my company already offers 100% match on 10% of salary for investment but I'm only eligible for the match after 10 years. So committing an extra 5% just for health insurance seems a lot to me.
Thank you very much for your opinions.