I don’t get why the annual enrollment has to be done within a certain period? Why can’t firms make it flexible to change options throughout? Understand the processing complexities but am I missing anything else here?

like
Posting as :
works at
You are currently posting as works at

Because adverse selection is a thing. If people can just change insurance selections whenever, they’d just wait until they faced the highest risks. By keeping it to a once a year thing, people aren’t able to time it quite as much.

like

This. Clearly op doesn't understand insurance.

I had the same question this year.. a
At my company,it was a 2 week period. I never had a chance to go through all the options so I chose the same as last year.

like

I had mine done on the first day. I also only added paid PTO to mine and kept everything else the same.

Paid PTO? Like short term disability?

Like someone else said people would spend cheap for crappy insurance and then switch for better when they foresee an upcoming issue. You can change your insurance selections anytime your role significantly changes, your pay takes a significant shift, you get married ..have a baby..these are life events you have to apply for ..but often you can use those moments to change your selections.

Caveat to changing selections..anyone of childbearing age should have short term disability. Most use that as part of your maternity leave and most insurances require you've had it 6-12, months in advance of needing it.

Related Posts

Any actually good prime day deals to grab?

like

What are your favorite online strength training program sites/apps?
For reference, I want to work out 3-4 times a week and want a program that balances all body parts. I'm tired of searching videos on youtube and apps.

like

Hi all NICE interactive solutions is hiring for various positions. Anyone interested DM me.

Post Photo

After getting kicked out of McK late last year, this gives me schadenfreude 🤣

Post Photo
likefunny

Hi fishes,
from Rpa learning prospective which one is better. Coforge EY . please help me.I have joining on tuesday.

like

Anyone joining Pune Location as DATA ANALYST in July or August ? let's connect

Working on some law firm applications tonight and it sucks that I know that I am so capable and have a strong work ethic but firms can’t see beyond grades or the fact that I didn’t go to a t14 law school or prestigious undergrad. I’ve worked twice as hard and feel like I’ve barely even gotten half as much. It’s discouraging sometimes especially because I worked so hard with pretty much no guidance (first gen, poc, low-income) to get into college and do well and then get into a t30 law school

like

What is the max package we can ask for band 8, informatica background? Have 1 yr exp on snowflake cloud as well. Total exp 12.

Hi fishes,
One of my friend is looking for a switch. He is looking for a data engineer role. He is currently serving notice period. Will u pls help to refer?

Brief about him.
He is having almost 2 years of experience apart from two internships .
He is looking for a data engineer or data scientist role. He has worked a lot in AWS and python.Also he is been handling a team and giving out multiple solution to a problem.

like

How can astrology help in a career?

#startupindia #NTREPRENEURS

like

Looking for a switch. Any leads?

like

Fiancé’s milestone birthday coming up. We both love experiences and enjoy the city. Welcome all the help to make it special for her!

like

Hi guys, I’m a Cybersecurity graduate student. Would like to get into Crowe if anyone will be willing to refer me,
Thanks in advance,

likehelpful

Anyone trade options on JPM You Invest? They have a bonus running right now and wondering if it was worth it for general investing and options trading.

like

My fiancé and I invested in a small startup about five years ago and are about to get a $300,000 pay out (after taxes). What would you do with an extra $300k? (We have no debt, have sufficient savings and own a home already so the basics are covered.)

like

What stocks do you look at to swing trade?

like

Hie.. i shared all documents asked on friday with HR after interview... when should I expect offer letter, any idea? How many days they take.

likehelpful

No hike like last year ?!

likesmart

How are raises and bonuses looking this year at EY?

like

730 GMAT. Unknown LAC UG, 0.5 years in Industry. Top 10 business school master and 3 years experience in tech consulting at PwC (1.5 years as senior). Asian Female. Target on M7. Any chance?

funny

Additional Posts in Employee Benefits

When you finally got your CPA license how much has your salary jumped ?

like

For advisory folks at KPMG, what's your meal limit for breakfast, lunch and dinner?

likehelpful

PwC 🐠 - health insurance coverage. What are the deductibles for the high-deductible plans? Still want to use the HSA. Thanks!

Any Deloitte people trade on robin hood?

like

How come I have to pay $116 out of pocket for my dental exam and cleaning? Is this covered by your firm’s dental coverage plan?

likehelpful

Bain & Company PPO health insurance only! Post your firm's biweekly premium (employee deduction) and whether it's employee, employee+spouse or employee+family.

Deloitte Accenture EY PwC Boston Consulting Group McKinsey & Company Bain & Company KPMG

like

Deloitte Cloud practice vs. Accenture Cloud practice. Which one is better?

like

How common is it for a firm to contribute to an HSA on an employee’s behalf, and what is the largest contribution you’ve seen that an employer gives?

like

How does pwc’s wealth builder plan work ?

like

Anyone use the Apple Card to buy iPhone on monthly installments and submit Apple statements for the cell reimbursement? Or do we have to buy phone through cell carrier?

like

529 Plan VERSUS Prepaid

We live in Florida and currently have a Freshman in High School and a 16 month old. We hear from our friends and family with college bound children "I wish we would have done Florida PrePaid." After obviously ignoring this for years, we are finally trying to do it before "it's too late" for both children.

Does anyone have recommendations on which plan to go with for each child? I once did the pros and cons on a whiteboard and it seemed like 529 was better.

like

Interested in getting opinions on Wipflis benefits

like

Currently on short term disability in CA and trying to figure out what the tax situation is. It looks like they don’t take out taxes, so should I set that aside? I can’t find any info on whether it’s tax-free income but I definitely don’t want to assume incorrectly

like

I have $30 remaining in my technology subsidy. Can I use it to pay part of a purchase of an earphone set worth $200

Has anyone successfully used an education benefit? What's the process?

Im interested buta little nervous about my firm because you have to pay up front and then get reimbursed.

like

EY folks, anyone get their Invisalign covered by insurance?

like

Does Slalom offer fertility coverage? (E.g. IVF)

like

If you have a child during your first year of employment at your firm, are you eligible for the firm’s full maternity leave benefit? Or only if you have a child after your first year anniversary? TIA.

likehelpful

Does EY’s vision plan not cover eye exams?

like

Can you submit a climbing gym membership for a fitness expense with EY? It says extreme sports are restricted and lists rock climbing but is the climbing gym itself ok?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal