Tis is the season, no not that season. It’s the annual open enrollment season for most health plans including Medicare. Did you know that most people spend more time buying a pair of shoes than they do thinking about their employee benefit options? It’s true and that is a big mistake.
On top of that many people are not enrolled in the health insurance plan that provides the best overall value for their family. They are either paying too much or taking too large a financial risk… not good.
To make an informed decision you must review all your options, evaluate premiums and potential out-of-pocket costs. You must leverage a flexible spending account or health savings account if available to you.
In other words, don’t go buying a new pair of shoes, rather spend a half hour looking at and evaluating your options, even if you are happy with what you have.
Read more tips on open enrollment here.
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