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How to Choose the Right Healthcare Plan During Open Enrollment for Your Budget and Goals

Updated: Nov 4

Healthcare plan & Open Enrollment



When it comes to personal finance, healthcare might not feel exciting — but it’s one of the biggest factors that can make or break your budget. In this episode, Meghan walks you through how to choose a healthcare plan that supports your financial goals and your real-life needs.


As open enrollment approaches, now’s the perfect time to get clear on how premiums, deductibles, and savings accounts (like HSAs and FSAs) actually impact your bottom line. Because the truth is, the right plan can save you thousands each year — while the wrong one can leave you paying more than you need to.


💬 What You'll Learn About HealthCare Plans:


  • How to assess your personal healthcare needs — from your lifestyle to your family’s medical history

  • What each key cost means: premiums, deductibles, copays, and out-of-pocket maximums

  • The real difference between HSAs and FSAs, and which one makes the most sense for your situation

  • How to find the right balance between saving on premiums and protecting your wallet from unexpected costs

  • Why your healthcare plan is a safety net — and how to choose one that gives you peace of mind


💡 Key Takeaways:


  • Choosing a healthcare plan is a financial decision, not just a health decision.

  • Your personal situation — income, emergency fund, medical history — should guide your plan choice.

  • HSAs offer powerful tax advantages, but only if you can comfortably handle higher upfront costs.

  • FSAs are great for predictable annual expenses like prescriptions and regular checkups.

  • The goal is to find balance between what you pay monthly and what you could pay if something unexpected happens.


🧾 Helpful Resources:


✅ Download the Healthcare Plan Comparison Tool – a free resource to help you calculate and compare real annual costs before you enroll. 


✅ Join the Deeply Invested Newsletter – get weekly, practical tips to help you build confidence with your money and stay grounded when the world’s shouting “buy more.”


💬 Share the Episode:


If this episode helped you feel more confident about open enrollment, share it with a friend or coworker who’s choosing their plan too! And if you love Deeply Invested, leave a quick rating or review — it really helps more people find the show!


Byyyeeeeee


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