Does your job offer benefits? That's great! Make sure you understand exactly what is being offered and what you need.
- Hey everybody, Ben Green here with benmgreen.com. And I'm here to optimize your career, your location and your finances. And I'm here in front of some really important ladies that fought for some important rights back in the 1920s. And even though employee benefits are not a right, there are a lot of folks that fought really hard to get them. And so when you're looking at different companies to go work for, it is really important for you to think about your employee benefits and how they can really impact your life. So just a little bit of background on me. So, you know, obviously from South Carolina originally, but we we've done work pretty much all over the country. And we're some of the top writers in the country of health insurance and Medicare supplements and helping folks get all those benefits together, along with a lot of group and employee benefits as well. And so the first thing I think about when I think about employee benefits is, it's health insurance. So understanding your health insurance plan is super, super important. Obviously understanding things like deductibles, maximum out-of-pocket costs, understanding your co-pays, your co-insurance, whether it's for, you know, going to see your primary care doctor or a specialist, or like any kind of generic drugs or brand drugs, for example. It can get really expensive. It's really important to understand that stuff. But if you do not understand that, you need to ask somebody about it. Ask your HR person about it. You can ask us about it, to make sure that you fully understand it. Next thing that comes to mind of course, is life insurance. That's should be about four or five on the list of employee benefits. But I would say it's probably the most important, especially depending on the stage in life that you're in. Because if you're a single person, you don't owe anybody any money, you don't have any mortgages, You don't have any student loans, you don't really have to think that much about life insurance. But if you are, like I am, kind of in the mid thirties, forties, et cetera, and you have a family, you have a kid or two, you have a mortgage, you have a spouse, a partner that you care about and you want to leave them some money, if something bad happens, then life insurance is really, really important. The third thing you need to be thinking about is disability insurance. Because if you lose your ability to make money, that can be worse than dying. And sometimes it's short-term disability that you need to be thinking about. Sometimes it's long-term disability, that can pay you some money, pay you like a salary and kind of living wage, up until age 65, if you have something really bad happened to you. That can be really important for you. And of course you have things like dental and vision. If you can get them through the company, a lot of times, dental insurance and vision insurance, for example, are super cheap and so it makes a lot of sense to get them. If you're an individual, we can talk to you about that. Sometimes it doesn't make any sense at all because it's too expensive for dental insurance. Vision insurance is usually pretty affordable. So you can always kind of afford that. And then you do have things that have become more important, like supplemental insurances, like accident plans, hospital indemnity plans, critical illness plans, things like that. That used to be not so important, but they have become more and more important over time now. So if you do have any questions about your employee benefits in general, anything specifically, you can take a look at the employee benefits guide that we put together. And of course you can book a session with me at benmgreen.com. Thank you so much.