How much time do you spend reviewing your benefits before open enrollment each year? If your answer is “not much,” you’re not alone. A recent survey by insurer Aflac (http://workforces.aflac.com/about-the-study.php) says that 90 percent of Americans choose the same benefits year after year and that 42 percent forego up to $750 annually by making poor
If you buy your own health insurance, add this important date to your yearend to-do list: November 15. That’s the date open enrollment is available for individual healthcare plans offered through the Healthcare.gov site, your respective health insurance marketplace (https://www.healthcare.gov/medicaid-chip/eligibility/) or independent agents in your community. If you’re working for a company that provides your
In their quest to land a job, any job, many young adults will sacrifice what used to be called “fringe benefits” to gain a foot in the door. But many entry-level jobs either offer no healthcare benefits, or the employee’s cost share is prohibitive for someone barely making minimum wage. Add to the equation that
To make ends meet, many people begin drawing reduced benefits from Social Security before reaching full retirement (65 for those born before 1938 and gradually increasing to 67 thereafter). This can have several financial consequences
Start saving. To ensure your family’s financial security, you need to make regular contributions to several savings vehicles:
Establish an emergency fund with enough cash to cover at least six months of living expenses.