Health Insurance Open Enrollment
Are you missing out by ignoring your open enrollment period?
This isn’t just a time to change your health insurance (but checking into your options for switching policies is always smart). Open enrollment gives you a chance to change other insurance coverage or opt-in to programs your employer offers that can save you more money.
Most of the time, you can only make these changes if you experience a major life event like marriage, divorce, or the birth of a child. Clearly, these things don’t happen all the time — so open enrollment is the great opportunity we all get every year.
Be proactive and make a mindful choice — instead of getting stuck with defaults. Here’s what to think about to do so.
Always Compare Costs Of Health Plans (And Proactively Switch To More Suitable Coverage)
Most employees will get a chance to review policies for:
Health insurance
Life insurance
Disability insurance
You want to look into your coverage and costs every year — and make sure to switch policies if a new one offers more cost savings.
First, compare premium costs and the associated coverage for your various health insurance options. You might opt for a policy with a higher deductible if it means saving money on premiums through the year. But again, this is about getting proactive instead of just reacting to what happens.
Health Insurance Open Enrollment
