October brings open enrollment season at work. Maximizing your employer benefits is an important financial planning step. That’s because your work benefit plan can be your strongest option for many financial services. A typical menu provides:
- Health insurance
- Vision and dental insurance
- Life insurance
- Disability insurance (for more tips on disability insurance)
- Accounts to save on taxes for medical costs
- Retirement plans
- Customized other benefits relevant to your company
All important stuff that deserves a review to make sure you’re taking advantage of your company’s offerings.
This Morningstar article lays out a strong eight point Checklist for Open Enrollment Season you can follow. Set some time aside this weekend to make sure you’re electing the right benefits.
And while you’re at it, why not review your paystub with the help of this post from our team at Heritage?