Speculation is running rampant about the recently announced changes to the SAG-AFTRA Health and Pension plans. There are a lot of very nervous narrators out there right now and understandably so.
Here is a link to the 2021 Benefit Changes Overview: https://www.sagaftraplans.org/health/2021-changes/overview.
I won’t go into detail about any of it because nothing is set in stone and there are many, many unanswered questions. Online Q&A sessions are scheduled so if you have questions, please attend. The next one is Wednesday, Aug 19, 10:30 a.m. PT. Click here to sign up. FYI “This meeting is only open to paid-up SAG-AFTRA members in good standing.“
TIP OF THE WEEK
Speculation can be a killer. It’s okay to be concerned (and rightly so, this is a big deal) but keep a few things in mind:
Any changes go into effect January 1, 2021 so there is plenty of time for information to be clarified and adjustments to be made.
DON’T go to social media for facts. Nobody has them right now and emotion (as well as speculation) is running high. Find credible sources, seek facts, and look at them as objectively as you can.
Have a plan. If the SAG-AFTRA health insurance or pension plan becomes nonviable for you, start doing research on alternatives NOW. Possible alternatives include:
Your spouse’s or parent’s coverage
A state-sponsored healthcare exchange (if your state has one). Here is a list.
COBRA, which is awful but better than nothing
If you have any other suggestions for healthcare or retirement plan alternatives, please comment on this blog!
NEWS AND NOTES
September 11-13: There are still some eVOCation virtual seats left! Click here to sign up.
2020: Here’s a preview of the Edge Studio webinars I’ll be hosting for the remainder of the year. Dates & times to come…!
Edge Studio Business & Money 201 Topics
September: Cost/Benefit Analysis
November: Managing Your Money
Edge Studio Marketing 201 Topics
September: The Sales Funnel
October: What Your Website Says About You
November: Keeping Clients Coming Back
December: Thriving in a Smaller Market City