A new study by Harris Interactive and reported in Reuters Monday lamented the fact that too many people make benefits decisions that just don't benefit them.

According to the report, 77 percent of respondents said that they've made mistakes when signing up for their benefits, with 42 percent saying they lost money because of their bad decisions.

Not surprisingly, one of the most common mistakes that people admitted was failing to sign up for additional benefits like flexible spending accounts (FSAs). Nationwide, only 20 percent of employees participate in this program that can help them save significantly on their out-of-pocket health costs.

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