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

Open Enrollment Yet 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. Once again, it was Open Enrollment time at work. Enrollment usually requires me to some calculations to figure out what the best options for me are, but this year’s enrollment is fairly mundane compared with previous years.  In fact, I do not have to make any changes to my benefits at all and there is little change to my costs.  I will let you take a look at what is happening again with my benefits as well as take a peek at my medical claims this year versus last.  I will also give you a quick peek into my long-term disability coverage since I looked at that in conjunction with my enrollment. Benefit Changes This year there are no coverage changes for the plans my employer is offering me.  It is probably the first time in a few years that I did not have to evaluate which plan would be the better option for me.  As … Read more