It’s not too late to “catch up”

It’s not too late to “catch up”

For many workers, turning 50 means the start of the homestretch for retirement savings. But if you are 50 or over, here is an important retirement savings strategy that can help to relieve some of the stress this planning can bring and give your savings a boost as you approach retirement: catch-up contributions. Catch-up contributions allow workers age 50 and older to save more in a retirement plan than the annual imposed savings limit. You can make catch-up contributions at…

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Planning for retirement in an uncertain time

Planning for retirement in an uncertain time

COVID-19 is concerning not just from a health perspective, but also from a financial standpoint. The pandemic has put the livelihoods of millions of people in jeopardy and thrown the financial markets and retirement savings into turmoil. While it’s natural for your employees to get discouraged at a time like this, the moves they make—or don’t make—in the coming weeks and months could impact their long-term financial health. Although much of what happens with the stock market is out of…

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Health Benefit Newsletter

Health Benefit Newsletter

2021 Plan Changes View Plan Change NoticesWe would like to make you aware of Plan changes that will take effect on Jan. 1, 2021. Not all plan changes apply to all plans under the CBEBT so please make sure to refer to your particular Summary of Benefits and Coverage. You can also find the Annual Notices under Privacy Notices & Required Notices. Urgent Care Copay We are excited to announce that recent updates in claims systems coding will allow Christian Brothers Health Benefit Services…

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