5 Open Enrollment Decisions to Look For

Every fall, millions of people get the open enrollment email, click “keep my current elections,” and close the tab. That one click locks in a year of decisions about your health coverage, disability protection, life insurance, and retirement savings. In this episode, I walk through 5 open enrollment decisions most people get wrong and what to look for in your benefits guide before you click submit. These matter at every income level, and I point out where the gaps tend to be bigger for higher earners. What we cover: -Why total annual cost matters more than the deductible -The 4 things in your group disability plan that can shrink your benefit -Why group life insurance is a starting point, not a plan -Retirement plan elections worth revisiting, including Roth vs pre-tax and the after-tax option -How to size your FSA based on what you actually spend Want a second set of eyes on how your benefits fit your full financial picture? Schedule a call: erdmanfinancialgroup.com/erdman-contact Watch next: What Nobody Tells You About Your HSA (Episode 9):    • What Nobody Tells You About Your HSA   00:00 Intro 00:48 Decision 1: Your Health Plan 02:24 Decision 2: Group Disability Insurance 05:18 Decision 3: Group Life Insurance 06:34 Decision 4: Retirement Plan Elections 08:18 Decision 5: FSAs and Use It Or Lose It Accounts 08:53 Next Steps 09:13 Final Thoughts I’m Ken Erdman, financial planner and founder of Erdman Financial Group. New videos and podcasts every week. No fluff, just real planning conversation for people serious about building something. #openenrollment #employeebenefits #financialplanning