4 Benefits Elections to Re-Evaluate When You Get Married

4 Benefits Elections to Re-Evaluate When You Get Married

Getting married brings a lot of changes to your life, and your employee benefits are no exception. Marriage is almost always considered a qualifying life event that makes it possible to make changes outside your employer’s open enrollment period. Once you get married, it’s time to take a look at your benefits elections and decide what needs to change to reflect your new status. Here’s what you should consider. 1. Health Insurance There are several things to look at when it comes to your health insurance. “If both of you have coverage through different employers, review both plans to see which one offers the best coverage for the best price,” says Matthew Trujillo, a certified financial planner. Find out whether each person has an individual deductible or whether the deductible is total dollars paid in. Compare the out-of-pocket maximum, premiums, coinsurance and employer subsidy for each plan, too. Finally, look …

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