Checklist: More Benefits Tips
Things to do this weekend with your money: It’s open enrollment season for employee benefits. Last week’s checklist covered how to review your health insurance and use a company’s flexible spending plan. Now it’s time to look at other coverages.
* Today: Review your life insurance coverage. To determine whether you have enough life insurance, visit the tutorial at https://www.latimes.com/insure101. To compare prices, visit a quotation service such as https://www.insure.com, https://www.quicken.com, https://www.insweb.com or https://www.quotesmith.com. If you’re younger than your average co-worker or healthier, it could pay to buy an individual policy instead of the employer-provided version.
* Saturday: Your employer might offer other insurance, such as disability or long-term care coverage. Disability insurance makes sense for most workers, especially those who do not have significant savings. For more information, read Silver Lake Publishing’s “How to Insure Your Income” ($12.95). United Seniors Health Cooperative at (202) 479-6615 or https://ushc-online.org offers a 100-page guide, “Long-Term Care Planning: A Dollar & Sense Guide,” for $18.50.
* Sunday: Your company might have a slew of other benefits, from low-priced movie passes to scholarships to rebates for using public transportation. Review your employee handbook or contact your company’s human resources Monday to make sure you’re getting all the perks to which you’re entitled.
