• Home
  • Get A Quote
  • Customer Service
  • Refer a Friend
  • About Us
  • Location Map
  • Employee Directory
  • Privacy Policy
  • Contact Us
(979) 543-8884 | (844) 399-1212

How Can We Help You?

Home
  • Home
  • Get A Quote
    • Automobile
    • Business & CommercialImage of right arrow
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
    • Flood
    • Health
    • Homeowners
    • Life
    • Personal Umbrella Insurance
    • Renters
    • Watercraft & Boat
  • Blog
  • Resources
    • Secure File Area
    • Refer a Friend
    • Insurance Glossary
  • About Us
    • About Rod Insurance Group
    • Our Locations
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter



Have an insurance agent at your fingertips with the INSURANCE AGENT APP.

24/7 access to easily manage your insurance on your own time: ID Cards, Bill Pay, Claims Reporting, Change Request, etc...


Auto Insurance EMPLOYEE BENEFITS

Provide your company and your employees with the best benefits.

Read More
Homeowners Insurance HEALTH

Protect yourself for the road ahead with coverage that reflects what you need.

Read More
Business Insurance LIFE

Discover the perfect insurance options to meet your specific and unique needs.

Read More
Life Insurance COMMERCIAL

Browse a variety of insurance options in order to find the right one for you.

Read More
Health Insurance HOME & AUTO

Learn about different coverage options that fit your specific needs.

Read More
Home > Blog > Many spend 15 minutes or less picking health insurance
FRIDAY, JANUARY 13, 2017

Many spend 15 minutes or less picking health insurance

Many people (41%) spent 15 minutes or less researching their health insurance plan options during the 2013 open enrollment period, according to a survey.

That's far less time than they take on other major purchases. Other data show that people spend an average of 10 hours researching a new car purchase; five hours planning a vacation; four hours shopping for a new computer and two hours buying a TV.

Health insurance is a significant portion of people's budget, but they don't spend a whole lot of time looking into it, such as accident, cancer, critical illness, dental and vision. Other research shows they pay an average of $4,500 a year on premiums for employer-sponsored plans.

One reason for this may be that most people (90%) keep the same benefits year after year, and many people don't realize how much their insurance costs them over the course of the year.

Other findings of the survey, which is based on 2,100 people who were employed full time or part time:

• 42% of workers say they waste up to $750 each year on mistakes with their insurance benefits.

• 73% of workers have trouble understanding what is covered by their policies.

• 64% often don't understand changes in their coverage.

• 51% say the amount they paid for health care in 2014 was considerably or somewhat more than in 2013.

• 33% of workers expect to pay $1,000 or more for out-of-pocket expenses in 2014.

The open enrollment period for many companies begins in October so now is the time to start thinking about your health insurance options. Carefully review and compare the benefits information by attending any on-site seminars, participating in webinars and reading the relevant education materials.

Understanding your benefits options will help you select the right insurance coverage to protect yourself and your family.

Read More: Source

Posted 7:29 PM

Tags: insurance, health
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2017
  • 2016

  • insurance(51)
  • tips(28)
  • home(19)
  • life(13)
  • auto(12)
  • homeowner(11)
  • safety(10)
  • car(7)
  • holiday(6)
  • house(6)
  • homeowners(5)
  • rates(4)
  • health(4)
  • family(4)
  • summer(3)
  • money(3)
  • claims(3)
  • business(3)
  • flood(3)
  • mistakes(3)
  • dog(2)
  • accident(2)
  • value(2)
  • halloween(2)
  • commercial(2)
  • save(2)
  • april(2)
  • long-term(2)
  • funny(2)
  • policy(2)
  • theft(2)
  • thanksgiving(2)
  • valentine(2)
  • claim(2)
  • inventory(1)
  • employee(1)
  • disability(1)
  • texas(1)
  • driver(1)
  • stability(1)
  • jewelry(1)
  • teen(1)
  • traffic(1)
  • super bowl(1)
  • pets(1)
  • company(1)
  • school(1)
  • automobile(1)
  • spouse(1)
  • student loans(1)

View Mobile Version
Facebook
Twitter
LinkedIn
RSS
logo, company name
logo
logo, company name
a close up of a logo
logo
logo, company name
 

Trusted Partners Of

a drawing of a faceCore Benefits
logo, company name
Home

Contact Us

  • Office Address
  • 601 E. Jackson
  • El Campo, TX 77437
  • _
  • O: 979-543-8884
  • T: 844-399-1212
  • F: 844-521-5698
  • Mailing Address
  • PO Box A
  • El Campo, TX 77437
© Copyright. All rights reserved.
Powered by Insurance Website Builder