The Pocket Protector that pays you cash
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A quick setup with straightforward functionality.
I was blown away by the exceptional service I received. Their team went above and beyond to ensure my needs were met. I highly recommend them!
Know your options, and select them intentionally.
Medical Emergencies
U.S. health care spending was $14,570 per person in 2023, accounting for 17.6% of Gross Domestic Product. (text links to CMS.gov)
There are many options, from Major Medical or Health Share Programs, to backup plans for those who have previously gone without any coverage, like a 24/7 virtual Urgent Care for your whole household for $12/mo.
Preventive Care
Add ICHRA so you pay for healthcare without paying taxes on that money, or pick a concierge doctor who is your “one stop shop.” If transportation is an issue, set up a virtual PCP who will be available 24/7.
If you love your regular Primary Care Physician (PCP), you can tailor your plan to your priorities and needs.
Cash to Help Recover
It is illegal to terminate someone’s employment due to a medical event; however, not everyone who experiences such an event can afford to keep their job during periods when they are unable to work. In 2021, when it last asked this question, 11.3% of people said they had trouble paying a medical bill. Of those, 53.8% said they took on credit card debt to pay it, and 17% of people said they took out a loan.
Ensure your people understand they face risks of medical events that could lead to financial crises. GoFundMe isn’t the only option for covering expenses; proactive planning is essential.
Final Expenses Plan
No plan is still a plan. Like the poet, Neil Peart, wrote, “If you choose not to decide, you still have made a choice.”(click the quote to hear the song) No matter your age or income bracket, we have tools for you.
Make a plan, write it down, and inform the people you mentioned. We can arrange for someone to assist you with any questions you may have. After all, nothing triggers procrastination more than planning for your own demise. However, it’s always better to prepare before you actually need it.
Retirement Savings made easy
Small Business Retirement Savings Account in Colorado: created by the SecureSavings Board in the Office of the State Treasurer.
- Website: coloradosecuresavings.com
- Covered Employers: 5+ employees, in business ≥2 years, no plan
- Plan Type: Roth IRA
- Automatic Enrollment: 5% default; auto-escalates by 1% annually up to 8%
- Penalties: $100 per employee annually, up to $5,000
Back in the olden’ days…
…before 2023, over 40% of Colorado’s private-sector workforce (nearly 940,000 workers) lacked access to a workplace retirement savings plan. Colorado SecureSavings is a state-run program designed to help businesses provide their employees with a means to save for retirement, thereby supporting their financial future.
Now, Free Financial Resources:
- The State of Colorado aims to support your overall financial health, not just retirement. Consult the organizations below for valuable information on economic education, tax assistance, and more.
And, Help your Employees Build Financial Security:
More than one quarter of Americans have no money saved for retirement.¹ Colorado SecureSavings can help you save for a more financially secure future.
1. “Your Evening Briefing: One in Four Americans Have No Retirement Savings,” Bloomberg, 17 April 2023. https://www.bloomberg.com/news/newsletters/2023-04-17/bloomberg-evening-briefing-one-in-four-americans-have-no-retirement-savings
Get started today.
Also visit MedPending.com for an irrevocable trust to protect final expenses.