Your current annual base salary is $175,000
$20,000 annual value
$2,906 annual value
Increase your 401k contribution to 6% to capture the full employer match. You're currently leaving $5,250 on the table.
Switch to the HDHP with HSA to save $2,400/year based on your low healthcare utilization and gain tax advantages.
Enroll in FSA before the deadline to save on healthcare costs. Based on your spending, you could save $800/year in taxes.
Max out your HSA contributions to save $4,150 in taxes. HSAs offer triple tax advantages for healthcare savings.