Every year around this time, companies offer employees the chance to update their benefit preferences during open enrollment.
Usually, the changes are minimal. Not this year."Open enrollment for a lot of people is typically something that is on autopilot," said Christina Gamache, a financial adviser with Audax Wealth Management."This year is different. A person's financial situation at the beginning of 2020 likely looks very different than it does today, and it may look even more different from 2021.
Plus, your employer's plan options might change, too, she said."The costs may have increased, there may be added benefits for mental health or more flexible childcare benefits." That's why everyone needs to check on whether their offerings have changed and revise their benefits to better suit their current situation. Read MoreHere's how to approach open enrollment this year.
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Source: CNBC - 🏆 12. / 72 Read more »