This post is sponsored by Aflac. I was compensated for writing it, but all opinions are 100 percent mine.
As an adult, it can be tough to make those hard decisions for your family. However, with my husband and I raising four kids, they look to us to make those hard decisions. I know the importance of making smart choices for my family. When it comes to benefits for your family, do you even know where to begin? I’m super excited to talk to you guys about some important stuff I have learned about open enrollment and voluntary benefits.
Fall is the season in which there seems to be open enrollment for benefits. This means that you can review the benefits your employer offers you and choose the benefits that best work for you. During this open enrollment period, it’s important to understand how things work. High-deductible health plans (HDHPs) plans have higher deductibles, so it’s important to know what you’re signing up for.
As a millennial, there is still time to save yourself from mistakes that can be costly. According to the 2016 Aflac Open Enrollment Survey, more than half (56%) of millennials say there are aspects they don’t understand about their overall health care policy, including elements like deductibles, copays or in-network providers. Although some millennials say they do not know what’s going on with their benefits, some do know what is going on and they spend some time researching their options. But…you still have the people who would rather not even focus on their benefits. I had to laugh at what some people would rather be doing than looking at their open benefits enrollment.
- 28% would rather go a day without social media
- 22% would rather eat their least favorite food
- 21% would rather see a movie or concert they know they won’t like
- 17% would rather talk to their ex
- 14% would rather walk across hot coals
- 16% would rather change baby diapers.
Keep in mind that taking the time to read and understand your benefits is super important. Spending the right time researching can help you save money and understand your benefits even better. At least 60% of those who selected HDHP last year, had no other options. This is where voluntary insurance comes in.
This is a great way to supplement your current benefits. Voluntary insurance can be considered a great component of health care for millennials. This kind of insurance pays when you are sick or hurt. Think about it—if you’re sick or in an accident, voluntary insurance comes alongside you to help pay cash directly to you.
You no longer have to worry about dipping into your savings to pay for crazy things in your life that you cannot control. Getting voluntary insurance from Aflac is sure to be a life changer for you and your family. Financial support and peace of mind is easier than you may think.
I was selected for this opportunity as a member of CLEVER and the content and opinions expressed here are all my own.
Aflac herein means American Family Life Assurance Company of Columbus and American Family Life Assurance Company of New York.
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