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Tom Meaglia, ChFC®, AEP®,

CLU®, CRPC®, MSFS

Chartered Financial Consultant

Investment Advisor Representative

Chartered Retirement Planning Counselor

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

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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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Thomas Meaglia is an Investment Adviser Representative of Coppell Advisory Solutions LLC, dba, Fusion Capital Management, a registered investment adviser that only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. The firm is not engaged in the practice of law or accounting.
Insurance and annuity products are not sold through Fusion Capital Management. Fusion does not endorse any annuity or insurance product, nor does it guarantee any insurance or annuity performance. Annuity and life insurance guarantees are subject to the claims-paying ability of the issuing insurance company. If you withdraw money from or surrender your contract within a certain time after investing, the insurance company may assess a surrender charge. Withdrawals may be subject to tax penalties and income taxes. Persons selling annuities and other insurance products receive compensation for these transactions. These commissions are separate and distinct from Fusion's investment advisory fees.
Meaglia Financial Consulting and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.