Open enrollment for healthcare is November 1 – December 15th.The budgetnista, Tiffany Aliche tells us some of the things you need to know when you are selecting your health insurance so you don’t miss out on getting the best benefit you can possibly get for your health.
She has the tips to help best make your money work for you. Off the back of a new Aflac workforce report Tiffany Aliche tells us what you need to know about healthcare benefits. She says some of the things people don’t think about is that if you don’t have comprehensive healthcare benefits and you were to get sick things like your doctor’s bills and your hospital bills can really devastate your family’s finances. The 2020 Aflac Workforce Report found that some folks are concerned and rightfully so that they don’t have enough because if healthcare benefit costs are rising, and they are, some folks (46%) found they are actually making a decision not to get medical care or delay medical care because they think they can’t afford it.
Tiffany says some things we should think of are supplemental insurance. Forty-eight percent of people that were surveyed said they didn’t have up to $1,000 set aside for out of pocket expenses for emergencies. That means these people would have to rely on their debt or credit to see them through which we know is not ideal.
Two things to consider when choosing healthcare are the rising cost of healthcare and unexpected things that might happen. So you’re going to look for supplemental insurance that’s going to cover hospital plans, critical illness, disability and you should take the time and energy to make sure you are covered now so that if something happens now you can worry less later. There are things that have come into the forefront now like telemedicine. People weren’t thinking about this a year or so ago or help with bill negotiation. That is something you may have access to with supplemental insurance. The budgetnista says therre are things to keep in mind in open enrollment as you’re deciding on what kind of health insurance plan you need and supplemental insurance to close the gap.
For more information on the 2020 Aflac Workforce report click here.