Your next benefit to consider: Life insurance. ![]() (Withdrawals taken before age 65 that aren’t used for qualified medical expenses are taxable and subject to a 20% penalty once you reach 65, the penalty no longer applies, although withdrawals are still taxable as income if not used for a qualified expense.) Also, your earnings grow tax-free, and your withdrawals are tax-free, provided the money is used for qualified medical expenses. Your HSA contributions are made with pre-tax dollars, so they can reduce your taxable income for the year. But high-deductible plans may also offer something of benefit: the ability to contribute to a health savings account (HSA). However, many employers are increasingly offering high-deductible health plans, which, as the name suggests, could entail more out-of-pocket costs for you. If you’re satisfied with your coverage, and it’s essentially the same as it’s been, you may well want to stick with what you have. You may want to start with your health insurance. Some of the offerings may have changed from last year - and you might have experienced changes in your own life, too, which might lead you to look for something different from your existing benefits package. What areas should you focus on?Īctually, it’s a good idea to pay close attention to all your benefits. And if you work for a medium-size or large employer, it will soon be open enrollment season – the time of year when you can review your employee benefits and make changes as needed. Once again, it’s the season for football games and back-to-school activities. Open Table’s mission is to end hunger in our local community by providing healthy food in ways that respect the dignity and diversity of those served. Open Table is a 501(c)(3) established in 1989. Open Table has received incredible support from the communities it serves through donations of food and funds, making it possible to continue to address food insecurity in the MetroWest area. With an eye to reaching the estimated 66% of food insecure households in the Metro West area who are not currently accessing a food pantry, Open Table hopes to provide more pantry hours during the weekend and early evening hours when more low income and immigrant working families can be served as clients or serve as volunteers.Ĭurrently Open Table distributes bags of groceries, which include fresh produce, proteins, dairy, baked goods, and shelf-stable produces, to over 300 households each week and provides over 1000 prepared meals to clients that hail from the Metro West suburbs.
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