Get the Most Out of Your Benefits

This month, we’re focusing on a crucial yet often overlooked aspect of your financial health: your employee benefits. Many companies have an annual open enrollment period, during which you can review and adjust your benefits package. It’s essential to be prepared when your opportunity comes around.

You probably know the biggest money related benefits like the 401(k), HSA, and FSA, (and keep an eye out for our weekly emails this month where we’ll dive deeper on those) but these are just pieces of the larger benefits puzzle. Your complete package might include health insurance, life insurance, disability coverage, and more.

Here’s why this task is so important: Benefits packages and your personal needs can change from year to year. What worked for you last year might not be the best fit now. By thoroughly reviewing your options annually, you ensure you’re making the most of what your employer offers.

Not sure where to start? Don’t worry! We’ve got you covered with 5 common mistakes people make when choosing their benefits and how to avoid them.

Remember, a little time invested in understanding and optimizing your benefits can lead to significant financial advantages throughout the year.