Open Enrollement Season is HERE!

I had my first experience with Open Enrollment for insurance last year around this time. It was all a whirlwind to me. Needless to say I had NO idea what supplemental insurance was either.

If Open Enrollment and Health Insurance in general was a 2nd language to me Supplemental Insurance was a dead language I had never heard before. At first I honestly didn’t get it and posted about it in a March Moms group that I’m in. It turns out that A LOT of us didn’t get it. Many of thought that it seemed a little like insurance fraud but then someone who was familiar with it stepped in and explained to us what it was really about.

My first thought?

I wish I had gotten supplemental insurance! It would have totally helped us right now as we prepare for Baby #3 and me not working due to my high risk status.

Since then I’ve learned more about Aflac’s supplemental insurance and about open enrollment for health insurance through you’re employer and wanted to share what I learned.

  • Right now open enrollment for health insurance is currently going on. What this is means is that if your job offers insurance you can now enroll to be covered.
  • Choosing the right benefit level can be a hard decision. I’ve only had to do this once before and to be honest I had no idea what I was doing! According to the 2012 Open Enrollment Survey of the Aflac WorkForces Report (AWR), an online survey of 2,500 U.S. consumers conducted in July 2012  only 16 percent of employees feel confident they aren’t making mistakes during the enrollment process. I can tell you without a doubt that is me. I’m in that 16%! I had NO idea what I was doing and quite frankly the people above me weren’t very helpful. In my situation I felt like the entire process was a little rushed and I was forced to make a decision that I wasn’t sure about. In the end I decided to skip insurance through my job altogether and look elsewhere!
  • If you make a mistake it can cost you a lot of money. Money I’m sure you can’t afford to lose. This Aflac infographic gives more information about how much money your mistake can be costing you.
  • It is SO important to talk to someone who knows what they’re doing before you make any final decisions. It may cost you a little more money upfront depending on who you get to help but it can save you a ton of money in the long run.
  • Once you’ve talked to someone and everything is order consider supplemental insurance. Supplemental insurance is meant to cover incidentals like an unexpected hosptial stay, getting laid off, having a baby, etc. There are stipulations to how soon you can collect that money so be sure to read the fine print and start as soon as possible. If you’re TTC and want to use it for maternity leave than you’ll want to start your supplemental insurance program at least a year before your expected maternity leave!

I still have so much more to learn and when the time comes for Open Enrollment next year I plan on talking to someone who can help me understand what exactly I’ll be getting and what I’m agreeing too.

Disclosure: I wrote this review while participating in a campaign by Mom Central Consulting on behalf of Aflac and received a promotional item to thank me for taking the time to participate.
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Comments

  1. says

    I remember needing to pay attention to open enrollment last year because we were on my insurance and knew I would not be working after P was born. Rob and I had to sit down and do a bunch of research to figure out what plan would be best and still fit in our budget. Luckily, his insurance is great so we didn’t need to get supplemental insurance but we did research it just in case. It is SO confusing and you are totally right Christa, it almost seems like it is a different language! Thank you for this!!!

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