<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Learn More

Navigating Change: Financial Insights for Divorced Employees of Comcast

image-table

Healthcare Provider Update: Healthcare Provider for Comcast Comcast typically provides its employees with health insurance through Aetna. This large insurer offers a variety of health plans including medical, dental, and vision coverage, which allows employees to choose coverage that suits their health needs and financial situation. Potential Healthcare Cost Increases in 2026 As projections for healthcare costs rise, 2026 is shaping up to be particularly challenging for Comcast employees and many other consumers. Health insurance premiums in the Affordable Care Act (ACA) marketplace are expected to increase significantly, with some states reporting hikes of over 60%. This surge is primarily caused by escalating medical costs, the potential expiration of enhanced federal premium subsidies, and aggressive rate increases from major insurers. As a result, individuals may see their out-of-pocket premiums rise dramatically, with estimates suggesting increases exceeding 75% for many marketplace enrollees if subsidies are not renewed. Click here to learn more

The latest research suggests that divorce rates in the U.S. have been falling in recent decades. Still, many people face the difficult crossroads that comes when their marriage ends.

Getting a divorce is a painful, emotional process. Don’t be in such a hurry to reach a settlement that you make poor decisions that can have life-long consequences. For any of our Comcast clients who may possibly have to have a divorce, here are a few financial ideas that may help you prepare.

The most important task these Comcast employees can do is to get their finances organized. Identify all your assets and make copies of important financial papers, such as deeds, tax returns, and investment records. When it comes to dividing up your assets, consider mediation as a low-cost alternative to litigation. Most states have equitable-distribution laws that require shared assets to be divided 50/50 anyway. When a divorce becomes contentious, attorney’s fees can accumulate.

From a financial perspective, divorce means taking all the income previously used to run one household and stretching it out over two residences, two utility bills, two grocery lists, etc. There are other hidden costs as well, such as counseling for you or your children. Divorces also may require incurring one-time fees, such as a security deposit on a rental property, moving costs, or increased child-care.

Finally, dividing assets may sound simple but it can be quite complex. The forced sale of a home or investment portfolio may have tax consequences. Potential tax liability also can make two seemingly equal assets have varying net values. Additionally, when pulling apart a portfolio, it makes sense to consider how each asset will suit the prospective recipient in terms of risk tolerance and liquidity.

Articles you may find interesting:

Loading...

We'd like our Comcast clients to remember, the information in this article is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation.

During a divorce, many factors are competing for attention. By these Comcast employees understanding a few key concepts, they may be able to avoid making costly financial mistakes.

Average Interest Rate

Chart Source: Familyinequality.com, 2019

1. The Wall Street Journal, 2019

What is the Comcast 401(k) Savings Plan?

The Comcast 401(k) Savings Plan is a retirement savings plan that allows employees to save for their future by contributing a portion of their salary on a pre-tax or after-tax (Roth) basis.

How can I enroll in the Comcast 401(k) Savings Plan?

Employees can enroll in the Comcast 401(k) Savings Plan through the company’s benefits portal during the open enrollment period or within 30 days of their hire date.

What is the maximum contribution limit for the Comcast 401(k) Savings Plan?

For 2023, the maximum employee contribution limit to the Comcast 401(k) Savings Plan is $22,500, with an additional catch-up contribution of $7,500 for employees aged 50 and over.

Does Comcast offer any matching contributions to the 401(k) Savings Plan?

Yes, Comcast offers a matching contribution to the 401(k) Savings Plan, matching 100% of the first 4% of employee contributions.

When can I start withdrawing from my Comcast 401(k) Savings Plan?

Employees can begin withdrawing from their Comcast 401(k) Savings Plan at age 59½, or earlier in cases of financial hardship or if they leave the company.

What investment options are available in the Comcast 401(k) Savings Plan?

The Comcast 401(k) Savings Plan offers a variety of investment options, including target-date funds, index funds, and actively managed funds, allowing employees to choose based on their risk tolerance.

Can I take a loan from my Comcast 401(k) Savings Plan?

Yes, employees can take a loan from their Comcast 401(k) Savings Plan, subject to certain limits and repayment terms as outlined in the plan documents.

How can I change my contribution amount to the Comcast 401(k) Savings Plan?

Employees can change their contribution amount to the Comcast 401(k) Savings Plan through the benefits portal at any time, subject to plan rules.

Is there a vesting schedule for Comcast's matching contributions?

Yes, Comcast has a vesting schedule for matching contributions, which typically requires employees to work for a certain number of years before they fully own the matched funds.

What happens to my Comcast 401(k) Savings Plan if I leave the company?

If you leave Comcast, you can choose to roll over your 401(k) savings into another retirement account, leave the funds in the plan, or withdraw the balance, subject to taxes and penalties.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Comcast provides a defined contribution 401(k) plan with company matching contributions. Employees can contribute pre-tax or Roth (after-tax) dollars, and Comcast matches 100% of the first 4.5% of eligible compensation. The plan includes various investment options, such as target-date funds, mutual funds, and a self-directed brokerage account. Comcast also offers an Employee Stock Purchase Plan (ESPP) with a discount on company stock. Financial planning resources and tools are available to help employees manage their retirement savings.
Comcast is planning further layoffs in 2024, with expected severance charges as part of ongoing cost-cutting measures. The company has already implemented layoffs across various divisions, including its Sky unit, and is focusing on outsourcing to manage costs. Comcast offers comprehensive benefits, including a 401(k) plan and health benefits. Understanding these benefits is essential given the current political and economic environment.
Comcast grants RSUs that vest over a period, providing shares upon vesting. Stock options are also part of their compensation plan, allowing employees to buy shares at a set price.
New call-to-action

Additional Articles

Check Out Articles for Comcast employees

Loading...

For more information you can reach the plan administrator for Comcast at 1701 JFK Blvd. Philadelphia, PA 19103; or by calling them at (215) 286-1700.

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for Comcast employees