Navigating Change: Financial Insights for Divorced Employees of McDonald's

Healthcare Provider Update: Healthcare Provider for McDonald's The primary healthcare provider for McDonald's employees is typically managed through a selection of options that may include national insurers such as UnitedHealthcare, Blue Cross Blue Shield, and Cigna, among others. Specific plans may vary based on location and the individual employment terms negotiated by the company. Potential Healthcare Cost Increases in 2026 Anticipated healthcare costs for McDonald's employees are expected to see significant increases in 2026. With health insurance premiums projected to rise sharply-some states potentially exceeding a staggering 60%-the loss of enhanced federal subsidies plays a critical role. If these subsidies expire as scheduled, around 92% of ACA marketplace enrollees, including McDonald's workers, could face increases in out-of-pocket premiums by over 75%, putting substantial strain on household budgets and access to affordable healthcare. This combination of rising medical costs and diminished financial support underscores the pressing need for effective financial planning and proactive healthcare management strategies among employees. 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 McDonald's 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 McDonald's 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 McDonald's 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 McDonald's employees understanding a few key concepts, they may be able to avoid making costly financial mistakes.

1. The Wall Street Journal, 2019