The government deadline for picking health care coverage falls right smack in the middle of the holiday season; December 15th. If your company offers benefits, the election deadline could be even sooner. With the distraction of the holidays it is easy to miss deadlines or miss opportunities by not spending the necessary time to consider the best options.
Rushing through the election process could end up costing you more money and could have an impact on your health. The results of a 2014 Aflac study reveal that a whopping 46% of people spend just a half hour or less reviewing their health-plan offerings.
Keep in mind that your health care expenses include more than your monthly premium. You must also consider and factor in your deductible, co-pay, co-insurance, total out-of-pocket limits as well as out-of-network coverage.
Set aside a couple of quiet hours and weigh all the factors to discover what makes the most sense for your situation. And don’t forget to make sure and double-check that your doctors, specialists and preferred hospitals are still covered if you choose a new network.
I know it seems like a daunting task, but a good healthcare plan is one of the most important gifts you can give to yourself and your family. Making decisions that impact your family in such a profound way takes time and deserves the time it takes.
In the next article posted on my website soon, I’ll provide an enrollment benefits checklist that’s easy to follow with six key items that you will want to make sure to do. You won’t want to miss it, so check back soon.