Resist the temptation to ignore annual benefits enrollment at work as your costs and accessibility to insurance coverage may be changing.
Enrollment season is when employees select their health, life and disability insurance for the following year. Though the decisions workers make during this period will shape their finances and their paychecks, very few of them put much thought into their choices.
"Most people spend less than 30 minutes on benefits enrollment," said Dave Mahder, chief marketing officer of group and worksite markets at Guardian Life Insurance. One in 4 employees simply re-elect the same set, he said.
"It's helpful for people to understand that benefits enrollment is important, and that you should spend the time and do your homework," Mahder said.