HOW Does Open Enrollment Work

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=xsTFWaxGchc

Are you wondering what open enrollment is and how it affects your health insurance? In this video, I break down everything you need to know about open enrollment — what it is, when it happens, and why it's important. Learn about the key dates, the types of plans you can choose from, and how to make the best decision for you and your family. Whether you're signing up for the first time or renewing your coverage, I’ve got tips to help you navigate the process smoothly. • ► 🏦 Favorite online savings account: • https://www.sofi.com/invite/money?gcp... • Open enrollment is a crucial time of year because it’s the only period when most people can enroll in or change their health insurance plan. Missing the open enrollment window could leave you without coverage or stuck with a plan that doesn’t meet your needs for an entire year. Whether you’re signing up through your employer, a government marketplace, or a private insurer, understanding your options and the deadlines helps ensure you choose the best coverage for your current health needs and financial situation. It's also an opportunity to update your plan based on any significant changes in your life, such as a new job, marriage, or a health condition. • Studies have shown workers stand to lose money for not participating in open enrollment: • • 25% of workers reported that they don't pay attention to benefit changes, figuring the same benefits would roll over from the previous year or feeling that the whole process is too confusing • • 15% of hiring managers estimate more than 10% of their employees miss annual open enrollment deadlines each year on average • • 33% of HR managers said missing open enrollment costs employees at least $500 in out-of-pocket expenses on average, 20% of HR managers reported that it costs employees more than $1,000, while 10% reported it costs employees more than $2,500 • If you liked the video and you want to see more videos on personal finance, check out my other videos: • Retirement 101: Understanding Different Account Options and How to Choose: • • Retirement 101: Understanding Differe... • Financial Lingo: Banking Financial Vocabulary YOU Need to Know: • • Financial Lingo: Banking Financial ... • I hope you guys found this video helpful, and if you did please SHARE it with a friend or family member who you think could benefit and also LIKE and subscribe for more videos like this! • Thank you for watching, and I hope you have a wonderful rest of your day! • -ALDRIN • #Health #Money #Finance • Timeline: • 0:00 - Intro • 0:26 - What • 1:07 - When • 2:40 - Who • 5:22 - How • 8:50 - Conclusion • Disclaimer: I am not a financial advisor and the ideas presented in this video are for entertainment and educational purposes only. This is not meant to be tax, legal, or accounting advice. Please do your own due diligence before making any financial decisions.

#############################

New on site