Benefits by Design Insurance Services #coveredcaauthorizedagent Archives

The Myers-Briggs Test: How Can You Use It?

February 6, 2023

If you’ve ever visited a career counselor, you may already be familiar with the Myers-Briggs Type Indicator, or MBTI. It was created by a mother-daughter team in the 1940s. Myers and Briggs were not psychologists, but they had read “Psychological Types” by Carl Jung, and they wanted to show how everyone could fit into one of the personality types that Jung had described.

The indicator divides people according to four binary factors, for a total of sixteen types. The MBTI website describes the factors thusly:

Introversion/Extroversion — Do you prefer to focus on the outer world or your own inner world?
Sensing/Intuition — Do you prefer to focus on the basic information you take in or do you prefer to interpret and add meaning?
Thinking/Feeling — When making decisions, do you prefer to first look at logic and consistency or first look at the people and special circumstances?
Judging/Perceiving — In dealing with the outside world, do you prefer to get things decided or do you prefer to stay open to new information and options?

Looking at these factors, you can see why so many people take this test when they are in college, or when they are considering a career move. While many people spend their whole lives in careers that aren’t obvious matches for their personalities, you’re most likely to be happy and successful in a job that suits you. An introvert may be advised to seek out behind-the-scenes jobs, while extroverts are pushed towards public-facing roles. Judging types are good project managers, but they may struggle in jobs that require investigation or information-gathering.

So, is finding a great candidate as easy as giving applicants a test? Not so fast. The MBTI was never meant to be scientific, and throughout the years, plenty of psychologists have criticized it as imprecise. Even Carl Jung, on whose theories the indicator was based, disagreed with the idea that people broke down into easy binaries; he thought of personality as more of a spectrum. This is probably why many people who take the test twice get different results. Asked to decide between two options when they really fall in between, they choose randomly. However, if all you want to do is narrow down your job search, the MBTI is a good place to start. If the suggested careers sound all wrong for you, then don’t go into those careers.

With that in mind, it’s easy to see why it’s a bad idea to predicate hiring or promotion decisions on a personality test. You may miss out on perfectly qualified candidates because of the way they answered a question. And it’s legally dubious — forcing employees or applicants to take a personality test may violate privacy laws.

A completely foolproof way to divide people up by personality would make life a lot easier for managers and job seekers alike. Alas, the Myers-Briggs test is not that. It should only be treated as a rough guide to a career path.

Benefits by Design Insurance Services is a full-service health insurance and employee benefits broker, offering creative benefits coverage solutions for your business or family. We can offer the best health insurance benefits in California. Contact us for more information We are located in the San Francisco Bay Area and in San Diego and provide the expert advice for group and individual health insurance, Medicare, Medicare Part D, life, and travel insurance decisions.

At Benefits by Design, we can offer the best health insurance benefits in California. Contact us for more information.

Benefits by Design Insurance Services is a full-service health insurance and employee benefits broker, offering creative benefits coverage solutions for your business or family. We can offer the best health insurance benefits in California. Contact us for more information We are in the San Francisco Bay Area and in San Diego and provide the expert advice for group and individual health insurance, Medicare, Medicare Part D, life, and travel insurance decisions.

Contact us for more information.

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(415)-524-8959 Larkspur, CA office
(760) 696-3573 San Diego, CA office

IRS Adjusts HSA Limits for 2023

February 6, 2023

As it does each year, the IRS has announced changes for health savings accounts, which are associated with high-deductible health plans.

The figures for 2023:

Self-only: $3,850 (a $200 increase from 2022).
Family: $7,750 (a $450 increase from 2022).

According to the Society for Human Resource Management, “The contribution limits are adjusted for inflation (rounded to the nearest $50) annually, using the Consumer Price Index for All Urban Consumers for the 12-month period ending on March 31. The catch-up contribution amount, however, is fixed by statute.”

The IRS has made a similar adjustment to maximum out-of-pocket amounts:

Self-only: $7,500 (a $450 increase from 2022).
Family: $15,000 (a $900 increase from 2022).

The catch-up contribution amount for those 55 and older is not automatically adjusted and remains at $1,000.

Rising slightly are minimum deductibles:

Self-only: $1,500 (a $100 increase from 2022).
Family: $3,000 (a $200 increase from 2022).

More information is available in IRS Rev. Proc. 22-24.