That’s the bottom line. Enough said.

The gift giving season started early this year for the Fund Offices. In November, those diligent and involved Plan participants were gifted with the Funds inside tip on its 3 forever investments, the 2 things that they must know about the U.S. Healthcare system, and how to get four more free Covid-tests.

Have you ever wondered why the Plan requires all HRA submissions to be substantiated by an explanation of benefits?

There are two answers to this conundrum. The first is the Internal Revenue Service. They require all account holders to verify the eligibility of any HRA reimbursement for goods or services by submitting detailed documentation in the form of an explanation of benefits or complete receipts.

……. the more we realize how much more there is left to discover! For example, in the last two decades we learned that we do not understand ninety-five percent of what comprises the universe.

Our ignorance about what we know about the human body is a bit more embarrassing.

“Eleven, Eleven, Eleven and…..,”

- Nigel Tufnel

When the:

Leaves have turned, and,
Screams of touchdown are joined by the sounds of hat trick cheers and slam dunks, and,
The weather is cool enough to enjoy a “cup-of-joe” outdoors, yet still warm enough to “catch some rays,”

Can November be far behind?

The arrival of the eleventh month means that the autumn hues will soon disappear, and the holiday season will quickly be upon us.

Ok. Here you go. The federal government will provide every household with four free COVID-19 rapid tests this season! All you have to do is ask.

Why is this good? Because when the pandemic officially ended on May 11th, 2023, so did all the mandated COVID-19 related exemptions, provisions, and/or rules such as, the requirement of insurers, like the Health and Benefit Plan, to reimburse for at home COVID-19 tests.

While the Local 697 Fund staff cannot offer any financial investment advice, it can nevertheless offer some non-financial guidance. To that end we believe the three assets you should continually reinvest in over your lifetime are:

Meaningful relationships.

Here they are:

There are six (6) healthcare industry lobbyists for every congress person on the hill.

And,

The WHO ranks the United States healthcare system as number 37 in quality of performance. Which means that its healthcare system performs worse than almost any other rich country.

September flew by. But as it is now October I have to ask, how many of you remembered the 21st Night in September?

While on the topic of reminiscing, this past September 15th marked fifteen years since the financial market meltdown. So what have we learned? Actually, quite a lot.

Many thanks to those of you that attended the September Health and Benefit Plan Educational meetings. You are all Rock Stars!

For those of you who missed it, well……