• Purdue experienced a few changes in its health care programs in 2014 by contracting with Anthem to govern the self-insured plans. With the new design, Purdue offered two high-deductible plans and one traditional preferred provider plan, PPO (1). Here we look at a few of the differences between the plans. What is the difference between […]

    ncarmany
  • I help Purdue faculty make the most of their benefits and 403(b) retirement plan. Contact Information: ncarmany@thewatermarkgrp.com, 317-805-0840 TOPICS 1. What is a high decductible healthcare plan? 2. Contribution limits? 3. Funding from an IRA and provisions. 4. Catch up contributions. 5. Mid-year qualifications Sources; 1. https://www.optumbank.com/customer-support/depositing-to-your-hsa/contribution-limits.html 2. https://www.irs.gov/irb/2008-25_IRB/ar09.html#d0e814 3. https://www.betterment.com/resources/life/truth-about-hsas-and-retirement/ 4. http://news.morningstar.com/articlenet/article.aspx?id=743774

    ncarmany
  • How often does one find the need to balance financial priorities; college or retirement, emergency fund or the family vacation?  Rarely, does an opportunity come through the tax code similar to what a Health Savings Account, HSA, provides.  As it currently stands, a large portion of “traditional” health plans is going away, while being replaced […]

    ncarmany