10 Tips for Making Open Enrollment Decisions

1
Know the deadline for open enrollment and don’t miss it.
2
Determine what benefits are important to you and if you need them.
3
Compare your health insurance plan with your spouses’ insurance plan.
4
Understand any changes for the new year and compare with the current benefits.
5
Review your medical and prescription drug expenses for the past year.
6
Make your best predictions on your medical and prescription drug expenses for the coming year.
7
Determine if you can benefit from plans with tax advantages, e.g. Flexible Spending Account (FSA) or Health Savings Account (HSA).
8
Review the health plan provider networks to make sure your providers are in-network.
9
Understand your out-of-pocket expenses, copays, deductibles, coinsurance, non-covered items, out-of-pocket maximums.
10
Ask and learn about company incentives to lower your expenses, e.g. incentive to call MAP®, incentives to get healthy.
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