Starting a business? Self-employed? Good article on impact of health care reform

Already a major challenge for career changers — especially the self-employed and other small business owners — health care just became even more of a wildcard with the recent passage of the new reform bill.  The news is not all bad, just new, and that means it may take a bit of extra effort to understand [...]

COBRA premium subsidy question? New *very* detailed FAQ from DOL

There have been several modifications to the COBRA premium subsidy program since it was enacted as part of the stimulus package about a year ago, so a person could certainly be forgiven for not being 100% clear about his or her eligibility.  Yet there are so many dollars at stake, it’s critically important for those who [...]

Your life insurance – Can you take it with you? “Post-Pink Slip” Lesson #2

In my last post, I mentioned that I took several important points away from my session with Manchester, NH-based Dynamic Networking Group.  Lesson #2 in this series is a short and sweet one: If the life insurance provided by your employer is crucial to your family’s financial well-being, check now — before your job is at risk [...]

Lesson #1 from yesterday’s “Post-Pink Slip” financial planning presentation: COBRA subsidy set to expire 12/31

Many thanks to Leslie Barrett (seated, left) and Manchester, NH-based Dynamic Networking Group for inviting me to present “Making the Most of Your Money: Post-Pink Slip and Beyond” at their monthly meeting yesterday!   
I think this quote sums up the experience perfectly.
Who dares to teach must never cease to learn. — John Cotton Dana
Despite the bad weather, [...]

Career changer? No group plan? Pre-Medicare? @JeanKeener on health insurance options

Many thanks to fellow Garrett Planning Network Member Jean Keener, CRPC®, Principal at Keener Financial Planning in Keller, TX, for granting permission to republish this article.  Originally posted to her own blog, it is aimed at early retirees, but the information is equally relevant to those in career transition, self-employeds, anyone too young for Medicare and [...]

Quick! Grab those health insurance benefits before they expire

Just a wild guess: I bet most of you are getting pretty sick of hearing about all things healthcare.   Well, rest assured, I don’t plan to dive into a discussion of how to fix the system, and I promise not to yell out at a town hall meeting, in a joint session of Congress, at the Video Music [...]

Employed-but-worried? Squeeze every last drop out of employee benefits

There was good news on the national job front last week, relatively speaking, with both new claims and total jobless slightly down for the first time in months. Still, what passes for good news these days — the loss of “only” 345,000 jobs in May — remains sufficient justification to take precautions with your personal [...]

Recipe for Pink Slip Lemonade: excellent, up-to-the-minute article on layoff survival

Wow!  If you are a layoff victim or likely candidate, you owe it to yourself to click on this link.  While you might think Good Housekeeping magazine a source more likely to publish a recipe for Pink Slip Lemonade (the drink) than for Pink Slip Lemonade (the layoff financial recovery strategy), author Kate Ashford has [...]

Health insurance – One monster hurdle to self-employment

If you’ve ever thought about leaving a job with health insurance for part-time work or self-employment, chances are you were stopped short by the challenge of getting affordable coverage. The cost of private health care is so prohibitive, you probably ran screaming back to your day job, thankful at least for that aspect of it.
Having [...]

Health Savings Accounts – new and improved!

For those of us who don’t have spouses whose employee benefits include health insurance, one of the most vexing problems that comes with self-employment is how to get affordable coverage. New provisions on Health Savings Accounts (HSAs) make them a much more attractive option. But do they meet your needs? Here’s the [...]