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This open enrollment mistake can cost you and your family thousands, according to a doctor and CFP

By CNBC   |   Nov 12, 2024 at 02:04 PM EST
This open enrollment mistake can cost you and your family thousands, according to a doctor and CFP

Workers tend to focus on major decisions like premiums and deductibles during open enrollment. However, overlooking details like designating beneficiaries for life insurance can lead to costly mistakes. Update beneficiaries and avoid unnecessary expenses to make the most of your insurance coverage.

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