Understanding all of your employer’s benefits can be a challenge, but make sure you’re taking full advantage of everything they offer. Here are some ways to help you make better health and wealth decisions during your open benefit’s enrollment window.
Your employer may have several different types of plans to choose from, and the features and prices can vary significantly. Compare the benefits, rules, restrictions, and costs such as copays, deductibles, and out-of-pocket maximums. Different plan types include a high deductible health plan (HDHP) with a health savings account (HSA), a health maintenance organization (HMO) plan, and a preferred provider organization (PPO) plan.
Even if you’ve been sticking to one plan type for a while, you might want to consider new options based on where you are on your life’s path.