Tom Meaglia photo

Tom Meaglia, ChFC®, AEP®, CLU®, MSFS

Chartered Financial Consultant

Investment Advisor Representative

CA Insurance Lic. #0567507

 

Meaglia Financial Consulting

2105 Foothill Blvd., #B140, La Verne, CA 91750

 

Toll Free: 800-386-3700

Bus:         909-593-6105

Cell:         818-681-8600

Fax:         909-593-6120

 

Email: tom@meagliafinancialconsulting.com

Website: www.meagliafinancialconsulting.com

September/October 2021

Benefits: Don't Just Renew

Benefits Dont Just Renew

Open enrollment gives you the opportunity to review the benefits your employer will offer in the coming year. Review all your options and make selections based on your family’s current needs.


Health Insurance

If your employer offers more than one option finding the right plan means thinking about your usage and comparing each plan’s out-of-pocket costs, including premiums, deductibles and copays. If one of your options is a high-deductible health plan (HDHP), your out-of-pocket costs could be as high as $7,000 for individual coverage and $14,000 for family coverage* before insurance kicks in. However, premiums are typically lower for an HDHP and some preventive care that’s not subject to the limits may be covered.


Another benefit exclusive to an HDHP is the ability to contribute to a Health Savings Account (HSA) to pay medical costs. HSA contribution limits are $3,600 for an individual and $7,200 for a family* and your employer may make contributions to your account.

Life Insurance
Your employer may already provide term life insurance equal to a multiple of your annual salary at no cost to you. However, you might be able to purchase additional coverage at your employer’s group rate. Keep in mind that if you leave your current employer for any reason, your coverage will generally end.


Flexible Spending Accounts (FSAs)
You may have the option of contributing pre-tax dollars to a health-care FSA and/or a dependent-care FSA to pay health-care and dependent-care expenses. Contribution limits are $2,750 and $10,500, respectively.*


Long-term Disability Insurance
While your employer may provide short-term disability insurance for a disability typically lasting six months or less, long-term disability insurance replaces a portion of your income if you’re unable to work for an extended period.

Dental and Vision
Dental coverage typically covers preventive care, as well as a portion of the cost of other services. Vision coverage may include eye exams and a portion of the cost of corrective lenses.

*2021 Limits


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Investment advisory services are offered through Fusion Capital Management, an SEC Registered Investment Advisor. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. SEC registration is not an endorsement of the firm by the commission and does not mean that the advisor has attained a specific level of skill or ability. All investment strategies have the potential for profit or loss.
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