— about how to make the most out of open enrollment. Both are fee-only, which means their compensation comes only from the fees they charge their clients rather than from commissions or other forms of payments derived from selling financial products.Q. Can one be overinsured through workplace programs?
A. The legal services benefit is one that most people don’t obtain but can be a great option to elect if you haven’t completed your estate planning documents. Not every company offers this benefit and for those that do, there are different services associated with it. For example, some companies give you access to an attorney to complete your trust, will, durable power of attorney and living directive.
Health savings account or flex savings account . Both allow you to utilize pre-tax money for qualified medical expenses.AdvertisementQ. Can someone be overinsured through workplace programs? Q. What coverage or benefit tends to be underutilized? Something your clients overlook and you’re thinking, “WAIT! That’s key. You’re leaving money and peace of mind on the table.”A. There are three main benefits that I think are underutilized: HSAs, Roth 401s, and After-Tax 401s.