Making the most of benefits open enrollment - WDRB 41 Louisville News

Making the most of benefits open enrollment

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Financial expert Mark Lamkin from Lamkin Wealth Management is always urging people to plan for their future. but he also wants everyone to remember to plan for their present.

Mark has five steps that could save you money and grief, as your job begins an open enrollment for insurance changes. Open enrollments to change your benefits for your company. They are usually in the fall and beginning of the year and most folks forget about them.

Among the things to consider:

1.) Health Insurance - With health care changes, the last time you picked this coverage may not be the best coverage for your situation. Now is the time to make changes.

2.) Family coverage - Changes with the health care bill passed by Congress means adult children can now stay on family policies. This may change premiums and plans.

3.) Flexible Spending Accounts - Flexible spending accounts can lower your taxable income and give you tax free funds to pay for medical costs

4.) Tax Free Child Care - Check your bottom line. If you spend, $5,000 per year in childcare, you may be able to structure it to be tax free.

5.) Specials! - There may be special deals in life insurance, disability and other coverage available.

To read more about options for open enrollment, check out this Kiplinger's article: click here.

Lamkin Wealth Management

5151 Jefferson Blvd., Suite 102

or

6010 Brownsboro Park Blvd Suite A

office: 502-961-6550 Office

toll free: 866-961-6550

 

www.marktlamkin.com

"Securities Offered Through LPL Financial, Member FINRA/SIPC and an Investment Advisor"

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