As the year comes to an end, people around the world sit down and think about all the goals that they want to accomplish for the following year. Time and time again, we learn how important our health benefits are and, more importantly, how expensive they are. You are probably spending $10,000 to $15,000 each month on your benefits! For this reason, we think it’s important to include the following health benefits resolutions to your list for the new year:
Number 1: Know what benefits you have
Often times, people don’t make good use of all the money they invest in their medical, dental, or vision plans. We encourage you to take a moment to know exactly what benefits you do have. If you have an online portal or an employee benefit guide with all your benefits information, take a piece of paper and write it all down: your medical carrier plan, your copay, your deductible, telemedicine, voluntary benefits, HSA, etc. Pin it up on your fridge, so that next time you need the info, you know exactly where it is.
Number 2: Take some time to understand your benefits and the healthcare system, in general
Yes, we’ve heard these statements many times before: “Benefits are so complicated” or “Healthcare is just so boring”. However, if we don’t start by educating ourselves about our own benefits or the healthcare industry, we will never understand it. Even worse, you could end up doing something that costs you thousands of dollars in medical bills! There are so many guides, books, and short videos out there that explain how benefits work, what are the common healthcare terms you should know, what is the most suitable plan for you and your family based on your needs, and so much more! A few of our favorites are:
Number 3: Share this information with your family members
After you know what benefits you have and understand them, share the information with your family members. It’s so important to communicate this information to your dependents since it’s very likely that they don’t know what benefits they have and, in turn, will not take advantage of them. This is especially essential if any emergency were to happen.
Number 4: Take advantage of your benefits
All of us know how expensive benefits are, yet we don’t take full advantage of them – even when we’re already paying for them! For instance, you can defer up to $5,000 per year on your Health Savings Account and realize important tax advantages. Therefore, set a goal next year to remind yourself about the many great benefits that you have: post a fridge magnet write-up, bookmark your favorite URL related to benefits, or download a mobile app. By making a conscious effort to remind yourself, you will no longer forget about using your benefits when you need them most.
Number 5: Resolve to be up-to-date with the latest benefits news and trends.
For next year, we also encourage you to follow a few sites and blogs dedicated to informing their audience about the latest news and trends on health benefits. Some of our favorites are:
If some of these resolutions sound stressful to you, we recommend you to reach out to a STRIVE representative today. At STRIVE, one of our missions is to make employees’ lives easier. We offer a one-stop benefits platform that allows you to access all of your benefits information from the convenience of your smartphone. As a result, you wouldn’t need to worry about writing down, setting reminders, or worse, losing your information. Email us at firstname.lastname@example.org.