Navigating Change: Financial Insights for Divorced Employees of Cracker Barrel Old Country Store

Healthcare Provider Update: Healthcare Provider for Cracker Barrel Old Country Store Cracker Barrel Old Country Store primarily provides healthcare benefits through various insurance carriers, with one of the most notable being UnitedHealthcare. Employees typically access a range of healthcare services including medical, dental, and vision coverage administered under their employer-sponsored health plans. Potential Healthcare Cost Increases in 2026 As we approach 2026, employees at Cracker Barrel Old Country Store brace for significant increases in healthcare costs. With the anticipated expiration of enhanced federal subsidies under the Affordable Care Act (ACA), average out-of-pocket premiums could surge by over 75%, impacting the majority of marketplace enrollees. Additionally, price hikes from major insurers may push healthcare expenses further, challenging employees' budgets. It's crucial for workers to stay informed about changing benefits and consider strategic planning to mitigate these rising costs as they navigate the upcoming financial landscape. 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 Cracker Barrel Old Country Store 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 Cracker Barrel Old Country Store 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.

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We'd like our Cracker Barrel Old Country Store 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 Cracker Barrel Old Country Store employees understanding a few key concepts, they may be able to avoid making costly financial mistakes.

1. The Wall Street Journal, 2019