September 23rd marked the first official day of Autumn. Open enrollment for many individuals typically accompanies the welcomed arrival of the fall season. Also known as “annual enrollment”, open enrollment is a period of time when individuals may make additions, changes or deletions to their elected employee benefits, individual health insurance, or Medicare coverage. Whether you are working and need to update your benefits package at work, are retired and eligible for Medicare benefits, or are under age 65 and not covered by a group health insurance policy, you should consider your options before the designated open enrollment period begins. Employee Benefits Know when open enrollment begins and ends for your company. Typically, open enrollment for employee benefits begins in the fall of each year, but the timing will vary slightly from company to company. The specific time period and details for your employer’s plan(s) will be communicated by your HR department, so remember to open and read all communications you receive regarding your group plans. We’ve seen a number of companies institute changes to spousal benefits and health insurance plans Read on! →
The Year End Crunch For many, the passing of Labor Day signals the beginning of fall and the inevitable acceleration of year-end activities. Year-end is punctuated by striving to make annual goals, completion of next year’s business plan and the number of work days reduced by holidays. In other words, the 4th quarter is very busy and it is never too early to begin thinking about and documenting what must get done. Is Healthcare on the Radar? While not in the news as much, open enrollment for 2015 Affordable Care Act health insurance coverage begins November 15, 2014. If you are a business owner considering offering health insurance to your employees, take time to review how the Insurance Marketplace works in your area. The Small Business Health Options Program (SHOP) Marketplace is open to employers with 50 or fewer full time equivalent employees (FTE) and might provide an affordable way to provide health insurance to employees. For businesses with fewer than 25 employees, health insurance costs can sometimes be offset by tax credits. The tax credit is worth up to Read on! →
Liz Ann Sonders from Charles Schwab & Co., Inc. shares key takeaways from the Fed meeting this week: Key Points The Fed kept its statement largely intact relative to July’s; opting to retain the much-ballyhooed “considerable time” phrase. It was confirmed that QE’s tapering would be concluded by the end of October; while the Fed’s rate expectations were increased. Yellen took great pains to explain that “considerable time” should not be considered calendar-based guidance. Click here to read the full summary.
If you are faced with a sudden care need for your parents, there may be a moment of panic and the question, “What do I do now?” This can be an overwhelming time because care needs are highly unpredictable and are unique to each family. It is essential to understand your parents’ goals for their future and honestly evaluate what role you can best serve in the care of your parents as they age. Not everyone is suited to be the primary caregiver, and this may not be the role your parents want you to serve. Following are a few questions to prompt thought and discussion for you and your family in advance of issues. Have your parents shared their goals for their desired future or have they given you the message that this is none of your business? Some parents are extremely private about any potential changes, including their finances and estate plans. Beginning discussions with your parents in advance of any issues can help keep them from being confrontational and give them the widest range of choices. If Read on! →
Cheryl Sherrard and Megan Rindskopf were honored to speak with a wonderful group today at Elliott Davis’s Women, Wisdom and Wealth lunch in Charlotte! If you’re feeling stretched, you’re not alone. Check out these stats. @CherylJSherrard @Elliott_Davis "Sandwiched" btwn 2 generations? You're not alone. Check out our piktochart for stats pic.twitter.com/3J8gXVrPvW — CVW Mgmt (@cvwmgmt) September 10, 2014