Benefit Time Again

The following is a staff writer post from MikeS.  He is a married father of 2.  So, with the cat, he ranks number 5 in the house.  He loves numbers and helping people. Please leave any questions or comments below for either Mike or Crystal. It’s time for the annual benefit open-enrollment.  This used to cause me stress because I knew costs would go up and I’d have to figure out how to fit that into my tight budget.  Years ago, a $20 or $30 a month increase in my benefit costs was too much.  Thankfully, it has become a non-event.  My costs still went up, so I just have to shift some things around to keep the budget balanced. My Selections There were no actual changes to what I selected last year.  I kept all of the same plans and coverage limits.  For the family, we are on the highest deductible health plan.  The deductible for an individual is $3,500 and then $7,000 for the whole family.  In the 3 or 4 years that we have been on this particular plan, we thankfully have never met the deductible.  Even if we had to meet the deductible now, I have … Read more

Time for Open-Enrollment

The following is a staff writer post from MikeS.  He is a married father of 2.  So, with the cat, he ranks number 5 in the house.  He loves numbers and helping people. Please leave any questions or comments below for either Mike or Crystal. Once again, open-enrollment time has arrived for me. This year’s enrollment has been relatively uneventful. There were no major changes to the benefits that I currently have and no large changes in cost either. The one change that had been introduced, the 401k change, was reversed. All in all it was fairly uneventful. I will walk through my thoughts and selections in case it might help you in the future. Health Insurance This has been the area that has seen the biggest changes over the past several years. The coverage that I have elected has come down in price over the past few years. The trade-off I have made is that I am taking on more risk. This is a trade-off I have been willing to make as a result of more stability in my financial situation. This year brought no major changes to the health coverage and only a minimal change in cost. The … Read more