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Chad Griffith

You may have a major opportunity to improve your retirement savings right now. Open enrollment takes place this month at many companies, which is when you can change your medical coverage, as well as enroll in a flexible spending plan. Granted, your health care choices won’t have an immediate impact on your 401(k) balance. But controlling your health care costs—the fastest-rising household expense, next to college tuition—will make it easier to keep saving in your retirement accounts, and perhaps increase your contribution. So check out Money’s advice on choosing the right health care plan, whether you’re signing up for employer coverage or a marketplace policy (Obamacare enrollment starts Nov. 1). And for retirees, if you’re signed up with Medicare, your open enrollment period starts Oct. 15. Check out our advice here and here.

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