The Gen X Money Advisor
3. The Season Of Open Enrollment — Part 1
Holiday season, sports season — everyone loves the different seasons of the year. But open enrollment season doesn’t get the same kind of love.
In this episode, Michael Labos explains open enrollment for employee benefits. He shares the importance of taking the time to review your options and how to optimize these benefits for your personal care. Michael reveals how term insurance turns premiums into death benefits and why you need to update them as life evolves.
Michael discusses:
- The costs of your health coverage versus your deductibles
- Why term insurance is a good option for young adults
- The importance of updating your beneficiaries
- And more!
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