Navigating Change: Financial Insights for Divorced Employees of Diamondback Energy

Healthcare Provider Update: Healthcare Provider for Diamondback Energy Diamondback Energy partners with UnitedHealthcare as its healthcare provider. This relationship is significant as UnitedHealthcare is one of the largest health insurers in the United States, offering a comprehensive range of plans that cater to the diverse needs of Diamondback's workforce. Healthcare Cost Increases in 2026 In 2026, the healthcare landscape is anticipated to face considerable challenges, particularly for Diamondback Energy and its employees. With health insurance premiums for ACA marketplace plans projected to rise sharply-potentially by over 75% for many enrollees-the impact of expiring federal premium subsidies will be profoundly felt. This scenario is compounded by rising medical costs, with forecasts suggesting that many states may experience increases as steep as 66%, significantly affecting overall healthcare affordability for Diamondback's workforce. As these changes unfold, it is crucial for companies like Diamondback Energy to strategize on managing healthcare-related expenses effectively to support their employees amidst a fluctuating market. 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 Diamondback Energy 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 Diamondback Energy 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 Diamondback Energy 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 Diamondback Energy employees understanding a few key concepts, they may be able to avoid making costly financial mistakes.

1. The Wall Street Journal, 2019