Broker Check

Understanding Your Options During Open Enrollment

November 01, 2023

Fall is here which means open enrollment time is upon us! Typically open enrollment occurs once a year, usually in the fall. That makes this the one time a year when you can enroll in or adjust various benefits offered by your employer.

Common benefits offered through employers include health insurance, life insurance, and disability insurance. Employer benefits often offer options not available to individuals or options which are less expensive than individual plans. The employee is covered while they are working and when they leave their employer, in most instances, the coverage ends.

You’ll want to consider your options carefully because changes to benefits generally cannot be made outside of the open enrollment period. There are a few notable exceptions including certain life changes such as marriage or having a baby. 

Check with your HR department to see if you are taking advantage of all of the benefits you are entitled to.

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