When you have worked your way up through your career, you start to get better compensation for your work. This comes in a few forms, most notably in salary increases and higher bonuses leading to a higher total pay. But there are additional ways that your compensation improves, through additional vacation days or better sick leave, and even through better and different kinds of insurance. But not all the insurance benefits that your workplace offers are a good idea for you. Here are three types of workplace insurance that may or may not be worth it for you and your situation.

Life Insurance

The first workplace benefit that may or may not be worth it for you is a group life insurance policy from your employer. For many people, employer provided life insurance is a no cost option, but it comes with significantly lower coverage amounts than individual policies typically. If your options are free, you should definitely sign up, but if you are considering a supplemental plan, going out on your own may be better. You should see the coverage options and costs of a supplemental plan through your work versus the cost and coverage of a private plan instead.

Dental Insurance

Another common workplace insurance benefit that may or may not be worth it for you is dental insurance packages. Many employers offer you the option to opt into their dental insurance coverage program. These programs can offer you plans at lower costs, but perhaps with limited options or lower coverage than you would hope for. Dental insurance usually only covers procedures that are medically necessary. If you have higher than standard dental health care needs, then getting a private plan with better coverage may be your better, more cost-effective choice.

Health Insurance

The final workplace insurance benefit that may or may not be worth it for you is their health insurance package. Everyone needs health insurance, or else they are liable for a tax penalty each year. But your employer provided insurance package may no longer offer you the best bang for your buck, or the best coverage possible. Consider shopping around the private market to see if you can find a plan that better aligns with your needs.

Having great insurance is one of the many perks of having a great job. But what if your great insurance isn’t as great as you thought? Make sure that you are considering these three different workplace insurance packages and whether they are really meeting your needs.

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