Open Enrollment Season

As we enjoy the fall season and prepare for winter, the annual open enrollment period is upon us. We recommend taking time to review your current benefits along with any changes to benefits offered. You can expect to see increases in the costs of coverage.

For those on Medicare, you will see increased expenses, especially on Part D premiums. It is important to review your Part D coverage to ensure your current medications are still covered along with any new medications you may have started taking in the prior year.

For those receiving employer benefits, now is the time to review your existing elections along with any new benefits your employer is offering.  Common benefits to review include:

-Healthcare plans

-FSAs & HSAs

-Dental plans

-Vision plans

-Disability Insurance

-Life Insurance

-401(k) plans

-Student Loan or Education assistance

The hardest decision can often be health insurance in which you are making an educated guess based off expected usages.  There can be significant implications to your choices if you know of any expected events in the new year such as birth of a child, planned medical procedures, a job chance, etc.

No matter which category you fall under, we are here to help you evaluate your options and how they tie into your broader financial plan. Reach out and setup a meeting today!