Updated for 2015 and beyond!
It’s open enrollment time again for insurance and benefits for the following year. With all this talk about health insurance costs going up and benefits going down, I’m surprised to see my total insurance and benefits costs hover the same at around $150 a month for an individual. I looked carefully at each line item and compared it to the previous year, and the costs are only about $5 dollars a month higher.
Your company benefits have real value that is calculated as part of your total compensation, so pay attention and maximize these benefits to your full advantage. The deadline to enroll is usually by mid-December, otherwise what you have now *might* get carried forward to the next year except for some discretionary flex spending decisions, which reset to zero. You don’t want to die an expensive death for your loved ones just because you forgot to enroll and didn’t understand what the term “excess liability insurance” means! Get thinking and get cracking!