Do You Feel Lucky?

So, it's open enrollment and (as tradition dictates) I'm in the final hours of the window reading the help files and wracking my brain to remember what we do and don't have as a household.

My employer outsources the process to a webservice which is (workflow wise) pretty impressive.

They give you a progress meter ( 1, 2, 3 steps and you're done!) and they offer you every single option imaginable. You're required to waive or accept each and every plan, twice - so there's no single misclick can sentence you to unwanted benefits.

Getting you through the process in a few minutes speaks to a process that is well formed. Having online validation makes sure you don't submit bad choices - so I'm sure it's win-win for the employee and their employer.

There are even tutorials on what the various plans do for you -  which is pretty freaking important, seeing these are year long commitments to plans that can be the difference between maintaining your current lifestyle and total catastrophe.

While some of the tutorials nicely illustrate the broad concepts of things like flex spending accounts - there are also moments like this one detailing the reasons a person might get disability insurance:

I mean - the chances are "very good" that I will become disabled? Really? This is for a plan whose benefits start on the 15th day of disability, supplemented by another plan whose benefits start on the 151st day of disability.

And this is for a business whose employees work in information technology.

Thinking back to my closest brush with disability - surgery and in hospital for five days. Still nowhere near qualifying for the short term disability coverage.

But it's not like I'm getting any younger.

Do you listen to the merchant trying to sell you stuff...?

Smartmoney says there is a good chance, so now you're comparing your own experience against the odds.

How does a person make an informed choice about getting this kind of coverage? 

Arrgh.