Healthcare Provider Update: Healthcare Provider for JetBlue Airways: JetBlue Airways primarily partners with CVS Health's Aetna to provide healthcare benefits for its employees. Potential Healthcare Cost Increases in 2026: As we look ahead to 2026, JetBlue Airways employees may face significant healthcare cost increases due to a convergence of factors influencing the insurance landscape. Predicted hikes in Affordable Care Act (ACA) premiums could reach as high as 75% for many enrollees, stemming from the likely expiration of enhanced federal subsidies and annual medical cost inflation. This scenario creates pressure on employers like JetBlue to manage the rising costs, potentially leading to increased premiums for employees. The impact of these changes emphasizes the need for strategic financial planning as 2026 approaches. 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 JetBlue Airways 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 JetBlue Airways 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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- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
We'd like our JetBlue Airways 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 JetBlue Airways employees understanding a few key concepts, they may be able to avoid making costly financial mistakes.
Chart Source: Familyinequality.com, 2019
1. The Wall Street Journal, 2019
What is the 401(k) plan offered by JetBlue Airways?
The 401(k) plan at JetBlue Airways is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
How can employees at JetBlue Airways enroll in the 401(k) plan?
Employees at JetBlue Airways can enroll in the 401(k) plan through the employee benefits portal during their onboarding process or during an open enrollment period.
Does JetBlue Airways match employee contributions to the 401(k) plan?
Yes, JetBlue Airways offers a matching contribution to the 401(k) plan, which helps employees boost their retirement savings.
What is the maximum contribution limit for JetBlue Airways' 401(k) plan?
The maximum contribution limit for JetBlue Airways' 401(k) plan is determined by the IRS and may change annually; employees should check the current limits for the year.
Can employees at JetBlue Airways change their contribution percentage to the 401(k) plan?
Yes, employees at JetBlue Airways can change their contribution percentage at any time through the employee benefits portal.
What investment options are available in JetBlue Airways' 401(k) plan?
JetBlue Airways' 401(k) plan offers a range of investment options, including mutual funds, target-date funds, and other investment vehicles.
Is there a vesting schedule for JetBlue Airways' 401(k) matching contributions?
Yes, JetBlue Airways has a vesting schedule for matching contributions, which means employees must work for a certain period to fully own the matched funds.
How often can employees at JetBlue Airways contribute to their 401(k) plan?
Employees at JetBlue Airways can contribute to their 401(k) plan with each paycheck, allowing for consistent savings toward retirement.
Can employees take loans against their 401(k) plan at JetBlue Airways?
Yes, JetBlue Airways allows employees to take loans against their 401(k) plan, subject to specific terms and conditions.
What happens to my 401(k) plan if I leave JetBlue Airways?
If you leave JetBlue Airways, you have several options for your 401(k) plan, including rolling it over to a new employer’s plan or an IRA.