The Gold, Silver, Bronze Insurance Plan Breakdown (Ep.10)
Struggling with your employee benefit choices during open enrollment? Understanding and optimizing your benefits can significantly enhance your financial health and save you money.
Jim Sumpter dives into critical aspects of employee benefits, particularly during open enrollment season. We explore the nuances of various health insurance plans and the potential savings offered by Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs).
Key episode discussion points include:
- The differences between gold, silver, and bronze plans to make an informed decision
- How FSAs can save you money on pre-tax healthcare expenses and avoid the common pitfalls, like the ‘use it or lose it’ rule
- The long-term benefits of Health Savings Accounts, including their ability to carry over funds year after year
- Optimizing your tax situation by effectively using FSAs and HSAs as part of your overall financial plan
Connect with Jim Sumpter:
- 205-510-9074
- CMC Financial
- LinkedIn: Jim Sumpter
- LinkedIn: CMC Financial
- Facebook: CMC Financial
- Instagram: CMC Financial
- YouTube: CMC Financial
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