This article provides tips for couples on how to effectively navigate open enrollment periods when their workplace deadlines don't align. It emphasizes the importance of early communication, understanding individual and shared needs, and comparing benefits options side-by-side.
Being in a relationship adds an extra layer of complexity to open enrollment , especially when your workplace enrollment windows don't align.Open enrollment season can be a whirlwind for anyone. Being in a relationship adds an extra layer of complexity, especially when yourHowever, you can make sure your benefits decisions complement one another to create a full program that suits everyone's needs.
The good thing is, regardless of when enrollment windows open or close, you can have big-picture conversations as a couple to set the stage for informed decision-making.Have there been any major changes in your personal or financial situations this year? What are your long-term financial goals, and how can your benefits help you achieve them?
Then, create a benefits inventory by listing out the options available to both of you. Include details for: upfront costs , recurring costs , limits of coverage and benefits and how much your employers contribute to your health and retirement plans. Make sure you are aware of your employer subsidies in play. Some employers, for example, pay for some or all of the health insurance premiums for their employees. They may or may not extend that to spousal or family coverage, though. You want to take advantage of as many employer subsidies as you can, so depending on how they break out, you and your partner might want to enroll in separate plans.
Open Enrollment Benefits Relationships Couples Financial Planning
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