Provided by Nicholson Wealth Partners
Beyond Your Benefits
An Employee & Family Support Initiative
Life doesn't always fit into a benefits package.
Not every employee is eligible for workplace benefits, and not every family member can be covered under an employer's plan.
Then there are life's changes — leaving a job, children aging out of coverage, caring for aging parents, and preparing for retirement.
Beyond Your Benefits offers employees and their families an additional resource for questions and needs outside their workplace benefits program.
For Employees AND Their Families
Whether you're looking for answers for yourself, your spouse or partner, your children, or your parents, Beyond Your Benefits is available to help you explore your options.
01 / Family Protection
Coverage for You & Your Family
?I'm not eligible for benefits through my employer. What are my options?
Being ineligible for workplace benefits doesn't mean you're without options. Individual coverage may be available for you and your family, including health and financial protection. The right choices depend on your circumstances, what you need covered, and your budget.
?My spouse or domestic partner isn't eligible for my benefits. What can we do?
Not all employer benefit plans allow spouses or domestic partners to participate. Individual coverage may provide another way to protect someone who isn't eligible under your workplace plan. Available options depend on the type of coverage needed and individual eligibility.
?My child is aging out of my benefits. What happens next?
When children reach the age limit for dependent coverage, they may need coverage of their own. Depending on the plan and their circumstances, options may include coverage through their own employer, an individual plan, or other available programs. Planning ahead can help prevent unexpected gaps and missed enrollment deadlines.
?Are there options to help protect my parents?
As parents get older, families often have questions about future care expenses, financial security, and how to prepare for the unexpected. Depending on your parents' ages, health, and circumstances, there may be options to help plan for care, manage potential expenses, and protect family finances.
02 / Life Transitions
When Work or Life Changes
?What happens to my life insurance if I leave my employer?
Life insurance through your employer may end when your employment ends, but that doesn't always mean you have to lose your coverage. Some plans allow you to continue your existing policy or convert it to an individual policy. You may also have the option of obtaining new coverage independently. Understanding these choices before leaving your job can help you avoid an unexpected gap in protection.
?How can I protect my finances if an illness or injury keeps me from working?
An unexpected illness or injury can affect more than your health. Even with medical insurance, everyday expenses such as housing, utilities, and groceries continue. Depending on your circumstances, disability income protection or other financial protection options may be available. Understanding what coverage you already have, and what happens if you're unable to work, is an important part of preparing for the unexpected.
?What happens to my benefits when I retire or leave my job?
Some workplace benefits end when employment ends, while others may offer options for continuing coverage. The rules and deadlines can vary depending on your employer's plan and the type of benefit. Reviewing your coverage before your last day of work can help you understand what may change and what alternatives might be available.
03 / Retirement Planning
When Retirement Is on the Horizon
?I'm getting close to retirement. Where do I begin?
Retirement brings important decisions about when to stop working, when to begin receiving income, and what to do with the savings you've accumulated. Understanding your pension, retirement accounts, and other income sources can help you see how the pieces fit together. Planning ahead gives you time to explore your choices before making important decisions.
?How do I turn my retirement savings into a paycheck?
Saving for retirement is one thing. Knowing how to use those savings to provide income is another. There are different ways to create retirement income, and each has advantages and considerations. Understanding how your savings, pension, and Social Security may work together can help you prepare for a more predictable financial future.
?What happens to my benefits when I retire?
Retiring can change more than your paycheck. Some employer-sponsored benefits may end, while others may offer continuation or conversion options. Understanding what happens to your coverage, pension elections, and other retirement benefits before your last day of work can help you avoid unexpected surprises.
?Can you help my spouse or family member prepare for retirement?
Retirement decisions often affect the entire family. Whether your spouse is approaching retirement or a parent needs help understanding retirement income choices, having a clearer picture of the available options can make planning easier. Family members can also explore retirement-related questions and available resources through Beyond Your Benefits.
Every situation is different, and you don't need to have all the answers before starting a conversation. Whether you're exploring options for yourself or someone in your family, we're here to help you understand what's available.
Schedule a Conversation