Is your address up to date with your HR

Is your address up to date with your HR department? (or the exchange)

Its that time of year. A majority of the HR departments are sending out your health plans.

The number one way to ensure your health care costs don’t affect your present or future money plans –

Open the GD packet from HR and look at it 😊

You will also get in that packet your retirement options, your group insurance, all kinds of stuff.

But with health insurance look at this list of questions and see if there is something that you forgot to think about:

Add a new family member?

Spouse needs to be added to or taken off a plan?

Medicare for someone in your group?

Your child is about to age out of ACA/Obamacare because they are turning 26? (they are elg for a COBRA option in some cases)

Is your child on your plan under the age of 26 but pregnant and the birth of your grandchild won’t be a covered benefit?

Someone looking to retire in the next year?

Having a planned medical need for the next year and need to change the plan?

Or you feeling great and want to optimize that H S A retirement hack?

Are there new options in your plan that might be a better fit?

Are their new options to move to a new network?

Are your doctors in the new options?

Are you being moved from one contracted network to another?

Are your doctors in the network that your being forced to move into?

Did you opt out of benefits because you had another option, but that didn’t work and now you need to jump back on the employers plan?

Are you on COBRA or working with the COBRA?

Did you find the Medi-share a bit much – this is your opportunity to jump back on the plan?

If you are using the exchange – time to shop and see what is out there

Did you join an association that has a group discount for health insurance?

Open enrollment usually only happens once a year for people. After the open enrollment ends you will have to have a qualifying life event to make changes.

Health insurance is complicated. Don’t rush your decision and miss out on an opportunity.