Tag: tap

New Jersey Blues Plan Links With Two Big Health Systems To Tap Medicare Advantage

Horizon Blue Cross Blue Shield of New Jersey and two of the state’s biggest hospital systems are forming a health plan specifically to tap into the fast-growing business of Medicare Advantage, the privatized health insurance for seniors.

Horizon Blue Cross Monday said it is launching a new health plan it will jointly own with Hackensack Meridian Health, which operates 17 hospitals and an array of outpatient medical care providers across New Jersey. The two hope to soon add RWJBarnabas Health, which includes 11 hospitals, to the partnership pending regulatory approvals in New Jersey.

The new health plan, called Braven Health, will be jointly owned by Horizon and Hackensack Meridian, and

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Business owners tap into savings to withstand pandemic | State

Tom Tunney’s three Ann Sather restaurants are breakfast, brunch and lunch stalwarts in their Chicago neighborhoods. Social distancing requirements have curtailed revenue and the government loan Tunney got was quickly spent paying staff.

Tunney, who’s also an alderman in the Chicago City Council, estimates he’s put $250,000 of his own money into running the restaurants. He dipped into proceeds of real estate sales to replace his lost revenue, and says he’s prepared to continue tapping savings until business returns to normal.

“My community and my business are everything, pretty much my family,” Tunney says.

When the pandemic slammed the tourism industry, attorney Tina Willis had fewer clients at her practice in Orlando, Florida. She specializes in personal injury cases, and many clients are tourists who have accidents while on vacation.

Willis has $5,000 in expenses each month and dipped into her retirement savings to help cover them, something she expects

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Should You Tap Into Personal Savings to Start a Business?

Building a business takes money. If you’re starting a brick-and-mortar traditional business, it could take tens of thousands of dollars to get things rolling. If you’re dealing with intensive infrastructure needs, you may need even more — in the realm of hundreds of thousands or millions of dollars. At the other end of the spectrum, you may be able to start a microbusiness for just a few thousand dollars.

© Nattakorn Maneerat | EyeEm | Getty Images

In any case, you’ll need to put together some kind of plan to acquire these funds. You could get a loan from a lending institution to cover most of your expenses or you could work with a venture capitalist or angel investor (depending on the type of business you’re starting). You could even try crowdfunding or seeking help from friends and family members.

As a complement to these approaches, or possibly as your

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College distinctions, a young entrepreneurs class and a drop dead graduation date on tap | St. Tammany community news

D.J. Jackson, a business administration major from Slidell, has been named to the Residence Life staff in Shannon Hall at Culver-Stockton College. Jackson and the other 25 other RAs selected returned to school in August to train and prepare for the semester now beginning. They are responsible for developing a healthy, open, safe and welcoming community for all students in residence at the Canton, Mo., college.

Isabel Yarborough, an 18-year-old Covington resident and owner of Flora + Wild, says it was her participation in a previous “Young Entrepreneurs Academy” at Southeastern University in Hammond that taught her the life and business skills that now serve as her career guideposts. “I have found a career path now — what I want to do for the rest of my life,” she said.

It is now time to sign up for local students in grades six through 12 to apply to

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