Question 1

Should I stay on my parent’s health plan instead?

Accepted Answer

If you’re under 26, you may be able to. Compare costs, networks and deductibles with your job’s plan.

Question 2

Can I change my benefits later?

Accepted Answer

Usually during open enrollment each year, or within a set time after a qualifying life event, like marriage or a new baby.

Question 3

How do I choose a health plan at work?

Accepted Answer

Compare premiums, deductibles, out-of-pocket maximums and networks. Think about how often you see doctors and what medicines you take.

Question 4

What is the difference between an HSA and an FSA?

Accepted Answer

An HSA requires a high-deductible plan, rolls over and stays yours if you leave. An FSA works with most plans but is mostly use-it-or-lose-it each year.

Question 5

How much should I put in my 401(k)?

Accepted Answer

At least enough to get your employer’s full match, if offered. Many people aim to increase savings over time.

Question 6

What does vesting mean?

Accepted Answer

How long you must work for the employer’s matching contributions to be fully yours. Your own contributions are always yours.

Question 7

Do I need disability insurance?

Accepted Answer

It replaces part of your income if illness or injury keeps you from working. Coverage through work is often inexpensive or free.

Question 8

Can I change my benefits after I enroll?

Accepted Answer

Usually only during open enrollment, or within a limited time after a qualifying life event like marriage, a birth, or losing other coverage.

Common questions: Picking work benefits