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Maximize your benefits this Open Enrollment


Individuals 07.21.2022 3 MIN

It’s that time of the year again: Open enrollment. Maximizing your benefits elections to work best for you and your family can be stressful—and we’re here to make it easier for you. Have you scheduled a session with a financial wellness coach? Our coaches, backed by the power of Goldman Sachs, pair in-depth knowledge of your company benefits and your financial situation. They can provide personalized guidance to help maximize the value of your benefits. Call now so you can make an appointment before open enrollment ends!

To help take the stress out of open enrollment season, we’ve gathered some resources to complement your confidential and free-to-you coaching session

What to expect

  • Annual Enrollment: What to expect when talking with a coach. Annual enrollment decisions may seem confusing and complicated—but you don’t have to go it alone! When you talk with our coaches, they can help you digest and evaluate what’s most important to focus on for you and your family. Your coach can guide you through the decision process and answer any questions that come up about what benefits best fit your needs.
  • Retirement: What to expect when talking with a coach. Retirement planning may seem complicated, but when you talk with our coaches, they can help you break it down into manageable steps. Your coach can guide you through the planning process and answer any questions that come up along the way.

 

Retirement

  • Beginner’s guide to 401(k)s. As Open Enrollment rolls around, we put together some information on 401(k)s to help you maximize the value of this benefit offered by your employer.
  • Your guide to retirement accounts. It’s important to choose the right type of retirement savings account(s) for your needs. Each type of account has features and benefits that may align with your goals, preferences and plans.
  • Retirement planning for all ages. In times of greater uncertainty, it’s more important than ever to work on your retirement plan—no matter your age. Whether you hope to retire in 5 years, 50 years or somewhere in between, there are things you can do now to work toward the retirement lifestyle you want.

 

Healthcare

  • A guide to HSAs and FSAs. When you receive medical care, your focus should stay on your health and well-being. Instead, for many, the financial ramifications are often top of mind. Health savings accounts (HSAs) and flexible spending accounts (FSAs) can be incredibly useful tools to help shoulder some of the financial burden.
  • Thinking about an HSA? If you enroll in a qualifying, high-deductible health plan (HDHP), you have access to a special type of savings account called a health savings account (HSA). Understand how to put this powerful financial tool to work for you.
  • Use it, don’t lose it: Emptying your FSA before year-end. As we get close to year-end, it's time to think about what to do with the remaining balance in your FSA.
  • Making the right decisions to reduce your healthcare costs. In 2018, U.S. healthcare spending increased to over $11,000 per person and is projected to continue rising.1For many, this isn’t a manageable expense that can be built into their budget—it’s a substantial financial burden that requires careful planning. Here are some steps you can take to manage your healthcare costs.

 

It’s important to leverage all the resources you have at your disposal for open enrollment. Download our Goldman Sachs Wellness app to access these resources 24/7. Schedule a one-on-one coaching session for personalized guidance that accounts for your full financial picture.

1Centers for Medicare and Medicaid Services https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/NationalHealthAccountsHistorical

 

If you have Ayco as a company benefit, register, log in or download our Goldman Sachs Wellness app to learn more about this and other financial wellness topics.