In this episode of the Money Mastery Unleashed Podcast, certified financial planner Adam Olson from Mutual of Omaha breaks down how maximizing your employer benefits can save you thousands of dollars annually. He walks listeners through the crucial open enrollment period, detailing the importance of evaluating health, life, and disability insurance options, as well as dental and vision coverage. Adam emphasizes the significance of understanding health insurance plan types, network providers, and out-of-pocket costs. He also discusses the benefits of Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs), and their potential tax advantages. Listeners are advised to regularly review and compare employer benefits, especially if both spouses have coverage options, to ensure they are getting the best deal. Adam also highlights the value of employer-offered additional benefits such as wellness programs, commuter benefits, and tuition reimbursement. Adam shares practical tips on preparing for open enrollment and the importance of consulting with a financial advisor to optimize benefits and secure a financially sound future.
"Maximizing your employer benefits can save you thousands of dollars each year."
Key Takeaways:
Key Considerations for Insurance
Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA)
Practical Tips for Open Enrollment
Actionable Steps
Learn more about Adam Olson by visiting the following links:
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Investing involves risk, including loss of principal.
Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions. Any strategies discussed may not be suitable for everyone.
Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Adam Olson, Representative. Mutual of Omaha Investor Services is not affiliated with any entity listed herein.
This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services and its representatives do not offer legal or tax advice. The information presented is subject to change without notice and is not intended as an offer or solicitation with respect to the purchase or sale of any security or insurance product.
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