Navigating Open Enrollment at BP

How to Make the Right Elections for You & 3 Common Mistakes to Avoid

For many BP professionals, Open Enrollment is another to-do on a constantly growing list as emails from HR start piling up in your inbox outlining the various medical, vision, dental, life insurance, and disability benefits available to you in the coming year. Knowing which plan is the “right one” for you and your family can be difficult. So oftentimes, we see people choosing one of two options: choosing the most affordable option or defaulting to what they had last year.  

Here’s the issue: Your situation is unique – your job assignment, your health situation, your family’s needs, and where you are on your journey to retirement all play a role in determining the right choices for you during Open Enrollment. 

As if that’s not enough, many of those considerations may change each year, so defaulting to the same elections year after year can have huge ramifications.  Join us for our upcoming webinar where BP benefits expert, Sarah Sikorski, CFP^®, CPA, will walk you through the considerations to evaluate when choosing your medical and insurance plans, the common mistakes we see each Open Enrollment season, and how to avoid them. After this presentation, you’ll leave knowing:  

• What medical plan is right for you and your family this year when evaluating costs, your health, and your long-term financial goals?   
• How much life insurance should you be signing up for in addition to what BP offers? Which stages of life and job considerations may be a cause to add more life or less life insurance than you currently have?  
• What’s the difference in BP's disability coverage options, and how do disability payments impact your taxes over time?  
• If you’re nearing retirement, what are the options available to you from BP that you need to evaluate during Open Enrollment season?  

Many people neglect to make changes during Open Enrollment, but it’s about so much more than just picking a plan. The choices you make during Open Enrollment can have a long-term impact on the costs you and your family face over time, and what’s available to take care of you all if unexpected circumstances arise.

Get step-by-step guidance that will help you navigate BP's Open Enrollment with ease.  Watch the webinar now by filling out the form. 

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