![]() ![]() It takes about five minutes, and the service is 100% free. If you would like more information on how a Reverse Mortgage works or if you'd like to calculate your loan amount you'll want to take this reverse mortgage suitability test. You are 62 years or older and have 50% or more equity in your home.Īlthough a Reverse Mortgage sounds like a no-brainer, there are many things to consider when exploring this retirement method.You could use the extra money that it provides you (tax free).You plan to stay in your home for the rest of your life.Could you use an extra $600-$1500 per month? You'd like to eliminate your monthly mortgage payment, or if you struggle with bills every month.A Reverse Mortgage loan is often a great solution to eliminate your monthly mortgage payments and generate retirement cash. However, unlike traditional mortgages, with a reverse mortgage you do not have to pay back the money you have borrowed as long as you are living in the home. You can get a lump sum amount, line of credit or get monthly checks. You are borrowing against your home equity. Meet_the_Little_Rock_Christian_Academy_High_Deductible_Health_Plan.What Exactly Is a Reverse Mortgage and How Does It Work?Ī reverse mortgage is essentially a loan. If you have any questions while going thru the on-line enrollment - go to the upper right-hand corner of your screen and click on the "Library" tab for more specific information.Įase_Central_Enrollment_Guide_at_a_Glance.pdf A qualifying event would include: marriage, divorce, birth of child, adoption, and/or loss of coverage. Peter (19522017), Susan (born 1946) and Ted Alfond (born 1945), investors members of the Alfond family James Altucher (born 1968). Please remember that these elections are made on an annual basis and cannot be changed until the next open enrollment period unless you have a qualifying event. Add eligible dependents not currently covered.Please Note: Even if you are waiving all insurance coverage, it is mandatory that you log-in and complete your elections no later than August 15th, 2017.Ĭhanges made during the open enrollment period will be effective on Septemthrough August 31, 2018. Our goal is to have all returning employees re-enrolled before the first day of school! Bring your laptop when attending benefit enrollment meeting. This change was implemented last year at open enrollment.Īny employees who have questions about the on-line enrollment process should plan on stopping by the HS Leadership Lab on Friday, August 11 th between 12:00pm and 4:00pm. I have enclosed the Enrollment Instructions page, the Summary of Benefits which lists the costs for the Medical, Dental and Vision insurance, and an affidavit of Spouse Health Care Coverage. We will see a 5% reduction in the dental premiums and our vision premiums will see no increase. Good news concerning our dental insurance. We will have a presentation on Thursday, August 10 th during our all staff and faculty meeting about the high deductible insurance plan. For those who do not wish to pay the increased premiums of our low deductible plan ($500.00/$1,000.00 deductible), we are offering an alternative of a high deductible plan ($2,000.00/$4,000.00 deductible) with the ability to add a health savings account. This year with the increasing cost pressures of the Affordable Care Act and increased claims from our participants it will be necessary for us to increase our cost and to continue the requirement for spouses who are qualified to participate in their employer's plan to do so. Representatives from Merrill Lynch Wealth Management will be available to discuss investment options and answer any detail questions you may have concerning the 401(k) plan.Īs a group, we have been able to do something almost unpreceded in holding our premium cost steady in four of the last five years. On Thursday, August 10 th, there will be a meeting for any employee desiring more information about our 401(k) plan through John Hancock at 2:30 pm in the HS Leadership Lab. The only item not offered thru our on-line enrollment process is the Little Rock Christian Academy 401(k) retirement plan. You will receive an email with login information tomorrow from Ease Central. Every FULL TIME (80% or more) employee MUST submit their elections on-line or waive any or all of these benefits on-line. ![]() ![]() The business office will begin the open enrollment process on Friday, July 28th thru Tuesday, August 15th. ![]() We hope you have had a refreshing summer break and we look forward to seeing you during in-service on Wednesday, August 9th. RE: Open Enrollment Process: July 28 - August 15th ![]()
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