By In Around the Web, Do the Math, Health Insurance

Employer Benefits Are Confusing. Duh.

As we have written about several times, getting benefits through your employer is essential to your FIRE plans but can also be very, very confusing. This article from a publication focused on brokers and consultants talks about exactly how confusing and frustrating it can be for you, the employee, to pick the right benefits for yourself and your family.

TL;DR: Only one in three of us feels like we’ve made the right decisions with our benefits selections — mainly because we haven’t been given the information we think will help us. As a result, we’re overly risk-averse.

Our advice is to do as much legwork as you can on your own. Put your analytical FI mind to work, build some spreadsheets, crunch some numbers, as your benefits administrator at your company loads and loads of questions. Then make your choices with more confidence. And if you find that your choices aren’t that great after all, let you benefits administrator know so that, hopefully, they’ll take your advice and do a better job for everyone the following year.

https://www.benefitspro.com/2019/06/12/confusion-and-risk-aversion-driving-poor-benefit-choices/?kw=Confusion%20and%20risk-aversion%20driving%20poor%20benefit%20choices&utm_source=email&utm_medium=enl&utm_campaign=bprodaily&utm_content=20190613&utm_term=bpro

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