YOUR GUIDE TO Open Enrollment

Your health insurance options may look a little different this fall. Meanwhile, the cost of coverage continues to climb.

- LISA GERSTNER

Workers who have access to group health insurance through an employer may see more virtual tools and services to help them evaluate and select a plan—especially if they’re working remotely. Those who are newly unemployed or self-employed may find themselves navigating the individual health insurance market for the first time.

COVERAGE THROUGH YOUR JOB

Large employers expect health care expenses, including insurance premiums and out-of-pocket costs, to rise by 5.3% in 2021, for a total of about $15,500 spent on each worker for the year (including contributions from both the employer and employee), according to a survey from the Business Group on Health.

AFTER THE PEARSONS WENT INTO THE INDIVIDUAL MARKET FOR THEIR HEALTH INSURANCE, THEY OPTED FOR A HIGH-DEDUCTIBLE PLAN WITH A HEALTH SAVINGS ACCOUNT.