This post is sponsored by Aflac. I was compensated for writing it, but all opinions are 100% mine.
It’s that time of year when we evaluate our health insurance and decide if we need to make a change. That’s right, it’s open enrollment! There are so many options out there, and it can be stressful knowing if we’ve chosen the right plan. I’m here to give you a bit of information regarding Aflac, so you can make an informed decision.
My head starts to spin when I see all of the health care options and benefits, and sometimes I wonder if it takes a professional to understand what it all means. I don’t think I’m the only one because according to the 2015 Aflac Open Enrollment Survey, many millennials do not take the time to read the fine print of the policies offered to them, despite this being one of the most important decisions we may make all year. 55% say they spend less than 30 minutes researching their benefits and 31% say they spend less than 15 minutes. What does this mean? The lack of time spent researching benefits could and does result in up to a $750 waste for many each year.
From recent studies, high-deductible health plans are on the rise in popularity, but more than half of people that choose them end up regretting it. I personally hate when I get buyer’s remorse, so I try my very best in all instances to do my homework. Perhaps this makes me a tad indecisive at times, but at least I can say I’ve thought things through. Before you settle on anything definite, head on over to Aflac and do some research and see if voluntary insurance is worth considering.
I myself wasn’t very familiar with voluntary insurance, but I did learn that there are policies for accidents, critical illness and hospital, which help to protect millennials from high out-of-pocket costs that major medical insurance was never designed to cover. Even more than that is that many pay cash benefits that can be used for groceries, child care, lodging or parking at the hospital. That sounds like an added bonus that would be worth looking into. Take care out there and happy decision making!
I was selected for this opportunity as a member of Sway Group, and the content and opinions expressed here are all my own.