Maximizing Your Benefits: A Guide to Employer-Provided Perks

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 9 November 2023

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Understand employer-provided benefits, from dental and vision coverage to more unique perks like legal assistance. In the third and final episode of our special series on open enrollment, hosts Sean Pyles and Liz Weston discuss the various benefits that employers offer during open enrollment season aside from health insurance. Liz speaks with Amber Clayton (Society for Human Resource Management) about dental and vision coverage, long-term care insurance, pet insurance, legal assistance, adoption assistance, gym memberships, mental health benefits, and more. They offer tips for preparing for open enrollment, provide statistics on how common it is for certain benefits to be offered, and give an important reminder of upcoming enrollment deadlines for health insurance through the Affordable Care Act, Medicare, federal employee plans and private employer plans. In their conversation, the Nerds discuss: employer-provided benefits, benefits packages, Society for Human Resource Management (SHRM), open enrollment season, dental coverage, vision coverage, ACA Marketplace, healthcare.gov, supplemental coverage, long-term care options, gym memberships, mental health benefits, employee benefits, pet insurance, in-network providers, health insurance, dental and vision insurance, financial planning, legal assistance, employee assistance programs, financial wellness, tuition assistance, adoption assistance, student loan reimbursements, 529 plan payroll deductions, company swag, free snacks, matching charitable contributions, and employee retention and recruitment. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:30.4	It's open enrollment season, and you're probably debating what kind of health insurance to sign up
0:35.6	for for 2024. But that's not the only choice
0:38.9	you need to make at this time of year. Employers are offering all kinds of coverage these days for
0:43.7	everything from your pets to long-term care, and of course for your peepers and chompers.
0:50.1	Many dental plans actually provide 100% coverage on the preventative care type measures.
0:56.3	So things like the cleaning that someone might get for their teeth.
1:01.0	Outside of that, there might be a percentage that employees would have to pay for other services,
1:05.9	like getting the x-rays done or getting cavities filled.
1:24.4	Welcome to Nerd Wallet's Smart Money podcast. I'm Sean Piles. And I'm Liz Weston.
1:29.5	This episode wraps up our nerdy deep dive into open enrollment season. We've covered health,
1:34.7	life, and disability insurance. And today we're going to talk about the rest of the benefits
1:39.4	you might be offered by your employer and how to decide what to take advantage of.
1:44.1	Yeah, we're going to talk about
1:45.4	everything from legal assistance to financial planning sessions to, yes, pet insurance. Pepper, Argus,
1:52.4	and Ozzy are going to be all ears for that segment, although I am skeptical that I can actually
1:57.9	find a pet insurance policy that will cover my 22-year-old leopard gecko.
2:02.7	Maybe not. But you're talking to somebody who once took a $3 mouse and it's crying,
	...

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