Open enrollment is coming up. Here are ways your benefits at work can help your family save in 2020
More than a third of workers polled by Prudential Financial said they selected the same workplace benefits as they had the prior year.
Health insurance is just one benefit to consider. Life insurance and disability coverage are also essential to bolstering your financesSlow down as you pick out your employee benefits for next year. Your household finances could depend on it. Open enrollment season — a period in which employees update their insurance coverage and other perks for the upcoming year — is just around the corner.About a third of employees polled by Prudential Financial decided to keep their benefits from the prior year, but did so after making an informed decision."People miss the mark when they stick with what they were doing before without double-checking their assumptions," said Kelley C.
"Most people set their benefits when they start their jobs, but they don't revisit their decisions," she said.TommL | E+ | Getty ImagesAbout 9 out of 10 employers plan on offering a high-deductible health-care plan in 2020, according to the National Business Group on Health.Workers put away pretax or tax-deductible dollars into an HSA, where it grows free of tax. You may take tax-free distributions from the account if you're paying for qualified medical expenses.
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