Comments on: Evaluating Your Insurance Needs during Open Enrollment Time http://notmadeofmoney.com/blog/2009/10/evaluating-your-insurance-needs-during-open-enrollment-time.html Save Money - A Personal Finance Blog By A Husband And Wife Fri, 19 Mar 2010 20:28:22 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Melissa http://notmadeofmoney.com/blog/2009/10/evaluating-your-insurance-needs-during-open-enrollment-time.html/comment-page-1#comment-232157 Melissa Thu, 12 Nov 2009 22:14:11 +0000 http://notmadeofmoney.com/blog/?p=2159#comment-232157 Just a note on setting aside money in an FSA for braces. Check your specific plan provisions before setting the full amount aside - many FSA plans do not allow for full reimbursement up front for coverage that is going to span longer than the calendar year the money is set aside for. Even if you pre pay, you may have to set aside a portion for each calendar year the treatment is occurring. Each plan is different, so check with your HR staff before submitting your election. Just a note on setting aside money in an FSA for braces. Check your specific plan provisions before setting the full amount aside – many FSA plans do not allow for full reimbursement up front for coverage that is going to span longer than the calendar year the money is set aside for. Even if you pre pay, you may have to set aside a portion for each calendar year the treatment is occurring. Each plan is different, so check with your HR staff before submitting your election.

]]> By: Lydia@help braces http://notmadeofmoney.com/blog/2009/10/evaluating-your-insurance-needs-during-open-enrollment-time.html/comment-page-1#comment-232142 Lydia@help braces Tue, 10 Nov 2009 22:18:27 +0000 http://notmadeofmoney.com/blog/?p=2159#comment-232142 Good points. For example if the kids DO plan to get braces, it is always good to get additional coverage on time. Example: http://dentalservice4less.com/braces_insurance.shtml Good points. For example if the kids DO plan to get braces, it is always good to get additional coverage on time. Example: http://dentalservice4less.com/braces_insurance.shtml

]]> By: David/Yourfinances101blog http://notmadeofmoney.com/blog/2009/10/evaluating-your-insurance-needs-during-open-enrollment-time.html/comment-page-1#comment-232090 David/Yourfinances101blog Sat, 31 Oct 2009 13:23:44 +0000 http://notmadeofmoney.com/blog/?p=2159#comment-232090 This is all great advice. However, without the benefit of a crystal ball it seems all to speculative to me. Of course, if there is an obvious event arriving in your life, then of course, plan for it. My mother worked in the insurance industry for a long time, and she broke it down to me like this. She said, "All insurance is a gamble. The insurance company is gambling that you stay healthy (or that your car or home does, depending), and if you opt not to have it, then so are you." This is all great advice. However, without the benefit of a crystal ball it seems all to speculative to me. Of course, if there is an obvious event arriving in your life, then of course, plan for it.

My mother worked in the insurance industry for a long time, and she broke it down to me like this.

She said, “All insurance is a gamble. The insurance company is gambling that you stay healthy (or that your car or home does, depending), and if you opt not to have it, then so are you.”

]]> By: Mari http://notmadeofmoney.com/blog/2009/10/evaluating-your-insurance-needs-during-open-enrollment-time.html/comment-page-1#comment-232088 Mari Fri, 30 Oct 2009 22:27:41 +0000 http://notmadeofmoney.com/blog/?p=2159#comment-232088 It is crunch time - simplifying and thinking about what you need and don't need is essential in these days. It is crunch time – simplifying and thinking about what you need and don’t need is essential in these days.

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