Healthcare Benefits Enrollment and Deductions

Healthcare Benefits Enrollment and Deductions

Understanding your benefits is essential for making informed decisions. Here's what you need to know:

Types of Benefits:

Common healthcare benefits include:

• Health Insurance: Covers medical expenses.
• Dental and Vision Insurance: Covers dental and eye care.
• Retirement Plans: Savings plans for future security.
• Flexible Spending Accounts: Pre-tax funds for medical expenses.
• Life and Disability Insurance: Financial protection in case of death or disability.

Understanding Deductions:

Deductions cover your benefit costs, often on a pre-tax basis.

Enrollment Process:

Enroll during open enrollment or after qualifying life events:

• Review Options: Examine coverage levels and costs.
• Complete Forms: Submit enrollment forms accurately.
• Receive Confirmation: Get confirmation of your coverage.

Managing Changes:

Life changes may allow for benefit adjustments. Contact HR for assistance.

Understanding your benefits ensures you and your family have essential coverage.