by Suzanne Huntzinger 

The end of the year is approaching and that means it’s time for annual enrollment in your benefits program. Wharton & Power Insurance can help you make the best choices for you and your family.

Choosing your coverage during the open enrollment period is critical for several reasons. First, when you choose your benefits, you’re committed to those costs and benefits for the entire year, unless you encounter a major event which qualifies you to make a change. Some qualifiers include marriage or birth of a child, change in residence, or a job loss resulting in cancellation of the policy.

Most employers conduct open enrollment meetings for staff where they present the available plans. Attend these meetings to gather information about the plans offered and make an informed decision on your benefits selection. Many companies offer several plan options with varying premiums, deductible amounts and coverage ranges. Decide whether your main concern is the cost-per-paycheck or out-of-pocket expenses and whether you might be willing to pay more for more comprehensive coverage.

In addition to primary medical coverage, you’ll likely be able to make selections like vision and dental coverage, life insurance or disability, and more. Read the plan literature and pay close attention to details like whether check-ups or preventative visits require a copay or if they’re included.

In this digital age, employers have discarded enrollment forms and swapped them out for enrollment on a portal. Your employer typically will set an enrollment deadline, and if you miss the deadline, you may either be unable to get benefits coverage for the upcoming year or you may be automatically enrolled for basic coverage.

For more information on how to maximize your benefits for 2023, contact Wharton and Power Insurance at (317) 663-4138 or visit