Navigating Change: Financial Insights for Divorced Employees of Concentrix

Healthcare Provider Update: Healthcare Provider for Concentrix Concentrix provides healthcare benefits to its employees through various insurance carriers that include major national insurers. Specific details about their healthcare provider network and insurance options should be confirmed with Concentrix's HR department or employee benefits portal. Potential Healthcare Cost Increases in 2026 In 2026, Concentrix employees may experience significant healthcare cost increases due to rising premiums in the Affordable Care Act (ACA) marketplace, with some states seeing hikes over 60%. A substantial loss of enhanced federal premium subsidies could result in average out-of-pocket premium costs soaring by more than 75%. While many employers, including Concentrix, are adjusting their benefits in response to escalating medical expenses, employees should consider strategic choices in their coverage plans to mitigate the impact of these rising costs and ensure access to affordable healthcare. 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 Concentrix 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 Concentrix 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:

We'd like our Concentrix 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 Concentrix employees understanding a few key concepts, they may be able to avoid making costly financial mistakes.

1. The Wall Street Journal, 2019