AP News

News Summary: Saving money during open enrollment


SEASON FOR CHANGE: Between October and November millions of workers will have the opportunity to make changes to their health insurance benefits. More than half of U.S. employees estimate they waste up to $750 per year on poor open enrollment decisions.

SIMPLE LANGUAGE: Employees may be able to make smarter decision this year by referring to new, standardized summaries that explain key details about insurance plans. The requirement, passed as part of the Obama administration's health care overhaul, is designed to make it easier to compare policies.

STAY FIT, SAVE MONEY: More than 80 percent of large employers now offer wellness programs designed to keep employees healthy while cutting medical expenses. Wellness programs often include gym memberships, quit-smoking programs and stress management classes.


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