ABOUT THE EPISODE
ABOUT THE EPISODE
In this episode, we sit down with Eric Charles from the MJ Companies' employee benefits department to dive deep into the importance of understanding employee benefits packages.
Eric, with over ten years of experience, explains the different types of coverages such as medical, dental, vision, short-term and long-term disability, and life insurance. He discusses PPO and High Deductible Health Plans (HDHP), the significance of Health Savings Accounts (HSAs), and the critical terms like premiums, deductibles, and out-of-pocket maximum.
The conversation provides essential tips on evaluating benefits when joining a new job and navigating healthcare expenses effectively. They also cover what to do if benefits aren't offered, including state marketplaces and alternative options.
This informative discussion is geared towards anyone starting a new job, selecting their benefits, or turning 26 and needing their own health insurance.
00:00 Introduction
00:24 Employee Benefits with Eric Charles
02:00 What Are Employee Benefits?
02:39 Types of Insurance in a Benefits Package
03:19 Choosing Between PPO and High Deductible Plans
04:13 Examples of Using Different Coverages
06:20 Importance of Medical Insurance and Short-Term Disability
07:46 Key Terms in Health Insurance
13:09 Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs)
18:14 Navigating Open Enrollment and Plan Selection
20:12 Finding Healthcare Providers and Cost-Saving Tips
22:55 Options for Health Insurance Without Employer Benefits
24:32 Final Tips and Considerations30:26 Final Thoughts and Takeaways
