The Ever-Changing Corporate World
Many large companies have recently announced healthcare benefit changes for employees and/or retirees. Similar to shifts of retirement funding from employers to employees by replacing defined benefit pension plans with 401(k) plans, it’s not surprising that now the responsibility of funding healthcare costs (and choosing a healthcare plan) is being shifted more towards the employee and/or retiree as well.
Some large companies recently announcing changes include IBM, Walgreens, Time Warner, Duke Energy and UPS. Additionally, some government jurisdictions are considering changes for workers and/or retirees including Detroit, Chicago and the State of Illinois.
As our world is ever-changing, these changes should be continually evaluated for a family’s personal situation in context of their overall wealth plan.
More details can be found here:
The Payne Wealth Partners planning team is dedicated to helping families navigate these types of challenges in relation to their overall personal goals.
Authored by: Terry Prather, CFP®, ChFC® (Bio)
Direct Phone: 812-602-6307