I participated in a campaign on behalf of Mom Central Consulting (#MC) for Aflac. I received a promotional item as a thank you for participating.
Open Enrollment is right around the corner! Isn’t that exciting? Don’t know what I’m talking about? I’m talking about health insurance. It’s that time of year when you can make changes to your benefits and learn even more about what’s available. This is also when you can sign up for supplemental insurance, like what you can get through Aflac.
With all the talk of insurance lately, it’s so important to know your options. Not only for yourself, but for your family. But not everyone does. In fact, according to the 2013 Open Enrollment Survey conducted by Aflac, 74% of workers sometimes or never understand everything that is covered by their insurance provider.
Truth be told, I would have probably fallen into that 74%. It can be hard to decipher just what you’re getting in the midst of medical terminology and insurance speak. And then, with the Affordable Care Act, it can be even more confusing. According to the same Aflac survey, 60% of workers have not begun to educate themselves about coming changes to their benefits due to health care reform.
While we’re all concerned about costs, you want to make sure you’re covered. It may not seem like an expense worthwhile now while you’re healthy, but you never know what could happen. Aflac has compiled a guide of Open Enrollment Resources to help you along. Here are also a few tips you can keep in mind to make the process easier:
Open Enrollment Tips
- Prepare ahead of time. Do your homework to ensure you choose the right policy that fits your needs and make sure it falls within your budget.
- Don’t make assumptions. Always inquire about any changes that may be made to your benefits.
- Check your spouse’s benefits package. If your spouse can get insurance through their job, it may make the most financial sense to purchase two individual policies as opposed to the family policy.
- Don’t double up. Check all aspects of your major medical plan to know what is covered and what isn’t.
- Examine premium costs carefully. Cheaper isn’t always better.
- Consider supplemental insurance such as accident, hospital, or critical illness plans to help reduce rising health care expenses.