Your paycheck is only part of your compensation. The rest often sits in benefits you may not be using. Health insurance, retirement plans, and other programs can be worth thousands of dollars a year. Many people skip over them because they seem confusing or time-consuming, but learning how to use these benefits can make a real difference in your financial life.
- What You’re Missing in Your Paycheck
Most people think about salary and forget that benefits can make up a big part of total pay. A job that pays $60,000 could be closer to $78,000 in value when you include health coverage, retirement contributions, and other perks. Because these benefits don’t show up in your direct deposit, they’re easy to overlook. Once you start treating them as part of your real income, it’s easier to see how much they matter. - Health Plans Without the Headache
Choosing a health plan can feel complicated. The right choice depends on how often you see the doctor, what prescriptions you take, and how much risk you’re comfortable with. High-deductible plans, health savings accounts, and traditional coverage all work differently. Your coach can help you review your options and understand what each plan means for your budget and peace of mind. The goal is to make an informed choice that fits your situation, not to guess or rush through enrollment. - The 401(k) Match: Free Money 101
If your company matches retirement contributions, that’s money added to your savings at no cost to you. For example, if your employer matches 4% of your pay, and you don’t contribute that amount, you’re leaving money behind every paycheck. Your coach can help you look at the tradeoffs, like whether contributing up to the match makes more sense for you right now than paying down debt. Even small steps toward participation can have a big impact over time. - More Than Insurance: Hidden Perks That Pay Off
Many employers offer programs that go beyond the basics. These might include tuition reimbursement, wellness benefits, commuter support, or professional development funds. Some even provide student loan help or discounts on things like gyms and technology. Taking a few minutes to explore your HR portal or ask your manager what’s available can uncover benefits that support your goals and save you money each month. - Annual Enrollment: The Five-Minute Habit That Pays All Year
Once a year, most employers open a short window for benefit updates. It’s tempting to skip it or just keep your current settings, but this small habit can pay off. Have a conversation with your coach to review your options and choose what is best for you. Then, take five minutes each year to log in, review your choices, and make sure you’re taking advantage of everything that fits your needs. A quick check can lead to hundreds of dollars in savings or new opportunities for the year ahead.
Employer benefits are part of your paycheck. Understanding and using them well helps you make the most of what you’ve already earned. Your coach can guide you through the details so you can make confident, informed choices that work for you.