If you work for a midsize or large company, you may soon be able to review your employee benefits package, as we are entering open enrollment season. So, consider your options carefully.

First, look at your 401(k). Can you afford to increase your pre-tax contributions? Is your investment mix still appropriate for your needs? You may be able to make changes to your plan at other times of the year, but why not take action during open enrollment?

Next, how about insurance? Your employer may offer life and disability insurance at low or no cost, but these coverages may be insufficient, so you might need to add to them with outside policies.

You might also be offered a flexible spending account or a health savings account, both of which let you contribute pre-tax dollars to pay for some out-of-pocket medical costs, such as prescriptions and insurance copayments and deductibles. To take part in a health savings account, you do need to be enrolled in a high-deductible health insurance plan.

Make the most of your benefits package — it can be a big part of your overall financial picture.

This content was provided by Edward Jones for use by your local Edward Jones Financial Advisor, Casey Caliva, at Historical 30th & Fern. 

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Address:  2222 Fern St., San Diego CA 92104
Phone:  619-516-2744

Web: www.edwardjones.com/casey-caliva