Are You Fully Utilizing Your Company’s Benefits?

April 5, 2012  |  

Even though most of us wouldn’t go for a job that didn’t offer a decent benefits package, the reality is once we’ve secured that job, we rarely take advantage of all the package has to offer. If you’re working for a company that provides a substantial benefits package, it’s a shame not to take advantage of it, especially considering all of those who would love the benefits you take for granted. Take a look at the list of big benefits notes people often misuse.

First, you may want to look into how changes to federal healthcare may have affected the health benefits of your company’s plan. Once you’ve gotten a firm grasp of any changes, if your company offers greatly subsidized health benefits, take advantage of low co-pays and schedule appointments for you and your family. While you may want to begin with a general practitioner and a dentist, some companies do pay for non-traditional doctors such as specialists in acupuncture and nutrition. Also, make sure to get large problems such as braces and various surgeries out of the way. Aside from doctor visits, if your company offers gym membership discounts and commuting assistance, make sure you also take advantage of these offerings.

Look into education benefits. Any education benefits provided by your company offers should be used to the fullest extent, be it undergraduate or graduate classes, seminars or workshops. A chance to improve your skill set makes your more competitive for promotion within your company, and benefits you even after you’ve left and are searching for a new job.

What is better than taking a break and getting paid for it? Sabbatical benefits are often hard to find, so if your company offers to pay for your break then make sure you take the time to explore somewhere new, visit friends and family that live far away or take some much needed alone time.

Lastly, there should never be a second thought before taking part of a company savings plan, particularly a matching program. If possible, save as much as you can. If you feel a heavy financial strain, then at least try for the minimum amount needed for the company plan.

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