How to Decide Which Voluntary Benefits to Choose This Open Enrollment Season

If your company offers a multitude of voluntary benefits options, congratulations. These offerings are a valuable benefit that can make your life easier. Still, the open enrollment process and all the paperwork that comes with it can sometimes feel like a hassle. How do you decide which benefits are worth it? Here are a few tips to help you choose the voluntary benefits that will work best for you and your family this open enrollment season. Calculate Costs and Benefits Most voluntary benefits by themselves are relatively inexpensive and are less so when you purchase them through an employer rather than on the open market. That said, anything you pay for but don’t need is a waste of money. To help you determine which benefits are smart buys for your unique needs, Aoife Quinn, founder of Quinn HR Consulting Group, suggests a two-pronged approach: Look at the services you’ve needed …

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What You Need to Know About Disability Insurance

What You Need to Know About Disability Insurance

If you work, you should have at least a passing knowledge of disability insurance, no matter what kind of job you have. Disability insurance is not just for people who are employed in dangerous lines of work, such as construction or transportation; anyone can get stuck spending time out of work for an injury or illness, regardless of whether it’s related to the job. Many employees are confused about disability insurance, however, because there are several different ways to ensure you get some form of income if you are unable to work. 4 Types of Disability Insurance Coverage Here are the different types of coverage you may be eligible for to protect you in the event that one day you’re unable to work because of injury, mental or physical illness, or, in some cases, pregnancy. 1. Social Security While there is no federal disability insurance, Social Security may cover you …

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