Health care open enrollment period ends Friday
With the open enrollment period coming to an end Friday for individual insurance plans under the Affordable Care Act, the Office of Superintendent of Insurance encourages consumers to shop smart by reviewing health care needs and weighing all of their options.
A new, free tool provided by the office helps consumers look at options for plans that are sold on the healthcare.gov exchange and off the portal. Plans outside the ACA portal don’t qualify for federal subsidy assistance but might still be a better option for some families.
“Understanding your options including the total out-of-pocket impact each type of plan provides is key when considering a health insurance plan,” said Superintendent John G. Franchini. “We have heard that consumers may consider limited-benefit plans due to cost, but this year there are so many affordable plans for individuals and families who qualify for financial assistance, I encourage consumers to carefully consider all of your options by using our new tool before selecting a plan.”
Arete Homes to expand Las Estrellas development
Arete Homes of Santa Fe has announced the expansion of the Las Estrellas community with 23 custom home lots on 20 acres near the intersection of Tano Road and North Ridgetop Road, within the city limits.
“The homes in Arbolitos will be built in a premium location and will have efficient floor plans with maximum use of space,” said Rob Gibbs, owner of Arete Homes.
The homes will feature outdoor living spaces with water-wise landscaping as well as “wider doors, bigger bathrooms and kitchens that are easy to navigate; these homes will be usable for a lifetime,” Gibbs said.
Lot reservations will be available to build on as soon as April 2018, with the first homes complete by next summer.
Educational Retirement Board fund posts 3 percent return
The New Mexico Educational Retirement Board fund, which provides defined pension benefits to the state’s public education employees, posted an investment return of 3 percent net of management fees for the three months ending Sept. 30. This marks the eighth consecutive quarter of positive returns. The fund has experienced only one negative quarter in the past 17 calendar quarters.
The fund also reached a new high in assets at $12.6 billion, an increase of $365.6 million for the quarter.
As for longer-term results, net of investment management fees, the fund investments returned 11.1 percent over the past 12 months, a gain of approximately $1.3 billion, 8.3 percent over the past five years and 9.1 percent since July 1983.
“The Board is very pleased with the stability of returns generated by our investment activities,” said Educational Retirement Board Chairwoman Mary Lou Cameron in a statement. She added, “This is the result of the favorable investment market conditions and the Board’s strategic decision to diversify the portfolio to reduce volatility of the fund’s return over time.”
The educational retirement pension plan covers close to 60,000 active members paying into the system and 46,000 retirees, ranging from public school teachers, administrators and staff to college faculty and staff.
Members can find a dashboard and detailed investment results on the Educational Retirement Board’s website: www.nmerb.org/Investments.html.
UNM business program seeks applicants
The University of New Mexico Anderson School of Management is accepting applications for the Fall 2018 Executive Master of Business Administration program. The two-year program is designed for working professionals to accelerate their careers and obtain the education and skills needed to move into leadership roles.
The early bird application deadline for the fall 2018 program is Jan. 15, and the best-consideration application deadline is April 2. For those considering an EMBA, Anderson School of Management is offering information sessions to answer questions and allow those interested to hear from staff, faculty and past students about the program.
For more information on the Executive MBA program, courses and program requirements, or to sign up for an information session, visit emba.unm.edu or contact Gina Urias-Sandoval at email@example.com or 505-277-2525.
The New Mexican