I have written before about the importance of employees taking advantage of their work benefits, as the benefits are a big part of an employee’s compensation. Unfortunately, due to misunderstanding the true cost of the health and dental benefits offered at my husband’s work place, we decided not to take advantage of his benefits. We thought that they were too costly and that we wouldn’t make enough use of them to justify the cost.
Unfortunately both my husband and I have had to get some major dental work done recently and after looking into his benefits further, had we decided to sign up for the benefits when he was first eligible, the benefits would have turned out to be really helpful now in paying our dental bills.
Of course it is important to consider the likelihood of use and the relevance of the benefits being offered before making your decision, but don’t be too hasty to decline benefits that you have to partially pay for, as they may be worth the deduction on your paycheck in the long run.
As a result of our mistake, even if my husband decides to sign up for benefits now, he would be considered late and therefore would only get limited benefits for at least one year, making it less attractive. As they say, hindsight is 20/20, and had we known from the beginning that we would have so many dental bills, we would have signed up for sure.
Although things like insurance and benefits may cost you now, it sometimes pays off in the end. Don’t take these decisions lightly. You need to do what’s in the best interest of yourself and your family to ensure that you are well equipped to pay for all health and medical expenses that are bound to come up sooner or later.
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