Essential Steps for Visteon Employees: Planning for the Future of a Child with Disabilities

Healthcare Provider Update: Healthcare Provider for Visteon Visteon Corporation primarily partners with various health insurance providers for its employee healthcare plans. The specific healthcare providers may vary based on the location and plan options chosen by employees. Companies like UnitedHealthcare and Anthem Blue Cross Blue Shield are among the larger insurers that often operate in regions where Visteon has a significant employee presence. Potential Healthcare Cost Increases for Visteon in 2026 As 2026 approaches, Visteon employees could experience significant increases in healthcare costs, driven primarily by the imminent expiration of enhanced federal subsidies that have previously mitigated premium prices. Nationwide, ACA marketplace premiums are projected to surge by as much as 66.4%, with many insurers raising rates in response to higher medical expenses and adverse market conditions. Consequently, households relying on employer-sponsored insurance may find themselves absorbing a larger share of the rising costs as companies rethink their benefit offerings in the face of escalating healthcare expenses. By understanding these changes and planning accordingly, Visteon employees can better navigate the potential financial impacts. Click here to learn more

Parents employed in Visteon may relate to how raising a child is expensive and can cost a quarter of a million dollars, not including college. For a child with special needs, that cost can more than double.1 If you’re the parent of a special needs child, it’s vital to ensure your child will continue to be provided for after you’re gone. It can be difficult to contemplate, but with patience, love, and perseverance, a long-term strategy is attainable and can help bring some peace of mind.

Envisioning a Life Without You

Just as every child with special needs is unique, so too are the challenges facing their families when planning for the long term. As an employee of Visteon, you must think about the potential needs of your child. Will they require daily custodial care? Ongoing medical treatments? Will your child live alone or in a group home? Can family members assume some of the care? Answers to these and other questions can help form the vision of what may need to be done to plan for your child’s care.

Planning Your Estate

Without proper planning, your child’s lifetime needs can quickly outstrip your funds. With that under consideration, those in Visteon may want to consider government benefits, such as Supplemental Security Income (SSI) and Medicaid, which your child may qualify for depending on their situation. Because such government programs have low-asset thresholds for qualification, you may want to consider whether to make property transfers to your special needs child.

As an employee of Visteon, you should also make sure you have an up-to-date will that reflects your wishes. Consider creating a special needs trust, the assets of which can be structured to fund your child’s care without disqualifying them from government assistance.2

Involve the Family

All affected family members should be involved in the decision-making process. If at all possible, it’s best to have a united front of surviving family members to care for your child after you’ve passed on.

Identify a Caregiver

In order for a caregiver to make financial and health care decisions after your child reaches adulthood, the caregiver must be appointed as a guardian. Those in Visteon may want to consider how this can take time, so start setting this in motion as soon as you can amidst your busy work schedule.

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To do this, you can write a “Letter of Intent” to the caregiver and family to express your wishes along with information about your child’s care. Visteon parents must acknowledge that although this isn’t a legal document, it may help to communicate your desires. Store this letter alongside your will, in a safe place.

Visteon parents must understand that planning for a child with special needs can be complicated and overwhelming, but you don’t have to do it alone. Working with loved ones and qualified professionals can help you navigate the various facets of this challenge. If we can help, please don’t hesitate to reach out.

1. Policygenius, 2019
2. Using a trust involves a complex set of tax rules and regulations. Before moving forward with a trust, consider working with a professional who is familiar with the rules and regulations.