Navigating Open Enrollment: Choosing the Best Health Insurance and Other Benefits in 2024

All the Hacks with Chris Hutchins

Chris Hutchins

Business, Education, Investing, Society & Culture, Places & Travel, Self-improvement

4.7 • 1.4K Ratings

🗓️ 1 November 2023

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

#140: A deep dive into health insurance and other benefits you’ll need to make decisions about during your upcoming open enrollment. We’ll cover health plans in depth, but also dental, vision, HSAs, FSAs, employer life insurance and more. Link to Full Show Notes: https://www.allthehacks.com/open-enrollment-2024 Partner Deals Notion: Try Notion AI free to automate tedious tasks and streamline your work Athletic Greens: Free 1 year supply of Vitamin D and 5 free travel packs MasterClass: Learn from the world's best with 15% off Copilot: Free 2 months access to my favorite personal finance app with code HACKS2 Henson Shaving: Plastic-Free, Precision-Built Razors + $100 free Blades For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals Resources Mentioned All the Hacks: #34: Hacking Healthcare, Prescriptions and Medical Bills with Marshall Allen Email for questions, hacks, deals, feedback: [email protected] Last Week Tonight with John Oliver: Health Care Sharing Ministries Online Direct Primary Care For Pediatrics: Summer Health | Blueberry Marshal Allen’s Book: Never Pay the First Bill Online Sites for Prescriptions: GoodRx | RxSaver Oura Ring DNA Genetic Testing: 23andMe Online HSAs: Lively | Starship HSA Hawaii Recommendations: Restaurants (Kid-Friendly): Lava Lava Beach Club | CanoeHouse at Mauna Lani Water Activities: Ocean Sports | Snorkel Bob's Full Show Notes (02:27) HMOs, PPOs & EPOs (03:47) Deductible (04:44) Coinsurance (05:40) Out of Pocket Maximum (06:20) High Deductible Health Plan (07:35) Coverage: In-Network & Out of Network (09:16) Insurance Brokers (14:55) Selecting a Carrier (17:55) Premiums (20:39) First Dollar Coverage (21:50) HSA Hack: Use Your Cash Flow For Expenses (25:10) Why The Platinum Plan Doesn't Make Sense (29:55) Health Insurance Hacks (31:13) Medical Sharing Plans (33:36) Ways To Save (36:16) Dental & Vision Insurance (37:56) FSA for Health (40:47) Using HSA (41:41) Pre Tax Transit (41:56) Life & Disability Insurance (43:18) Tips from Chris's Trip to Hawaii Connect with All the Hacks All the Hacks: Newsletter | Website | Membership | Email Chris Hutchins: Twitter | Instagram | Website | LinkedIn Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello and welcome to another episode of All the Hacks, a show about upgrading your life,
0:07.1	money and travel.
0:08.1	Now, with open enrollment coming around the corner for so many people and for some of
0:12.4	you maybe it's already started, I really wanted to do an episode to help you go through
0:16.4	that decision making process because I've tried to optimize it many, many times in my life
0:21.9	and I felt like that's something we're sharing and then on top of that I did a ton of research
0:26.2	as I always do to try to help you guys out.
0:28.6	So the majority of this episode is going to focus on health insurance and we'll go really
0:32.4	deep there and we'll share some hacks to save money and optimize but I'll also make
0:36.2	sure to touch on dental and vision and some other open enrollment options like HSAs,
0:40.7	FSAs and employer life insurance.
0:43.0	And then at the end, just because I'm recording this from Hawaii, I'll share a few tips from
0:47.3	our experience on the big island, not too much but just a few things that we've done
0:50.9	that we thought were really fun.
0:52.3	So lots to cover, let's jump in right after this.
0:57.3	We recently took a trip to Hawaii and for the first time ever, I felt like I crushed
1:01.9	the sandcastle game and that's thanks to a class I took on masterclass all about sand sculptures.
1:07.8	And that's just one of so many amazing things I've learned from masterclass, from making
1:12.8	better pizza, to leadership, to negotiating tactics, which is why I love that I'm able
1:17.5	to partner with them for this episode.
1:19.8	And each time I'm watching masterclass, whether it's on TV, on the site, in the app,
1:24.2	or even in audio mode, the quality speaks for itself and it really feels like the instructors
	...

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