Navigating Change: Financial Insights for Divorced Employees of Nexstar Media Group

Healthcare Provider Update: Healthcare Provider for Nexstar Media Group: Nexstar Media Group primarily collaborates with various health insurance companies to provide healthcare coverage to its employees. Specific providers may vary by location and employee plan options, but major national insurers like UnitedHealthcare, Cigna, and Aetna are common in corporate health plans across the country. Potential Healthcare Cost Increases in 2026: In 2026, healthcare costs are projected to soar significantly, as the Affordable Care Act marketplace plans face unprecedented premium hikes, with some states seeing increases exceeding 60%. This surge can be attributed to escalating medical costs, the expiration of enhanced federal subsidies, and aggressive rate hikes from major insurers. Without congressional intervention to extend the current premium tax credits, a staggering 92% of marketplace enrollees could experience a rise in out-of-pocket costs by more than 75%, forcing many to reevaluate their healthcare options as financial pressures mount. 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 Nexstar Media Group 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 Nexstar Media Group 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 Nexstar Media Group 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 Nexstar Media Group employees understanding a few key concepts, they may be able to avoid making costly financial mistakes.

1. The Wall Street Journal, 2019