New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

NextEra Energy Employees Confront the Fear of Running Out of Money in Retirement

Healthcare Provider Update: Healthcare Provider for NextEra Energy NextEra Energy collaborates with a few key healthcare providers, primarily focusing on offering its employees healthcare benefits through large national insurers. One of the noted providers in this context is UnitedHealthcare, which serves many employees in the organization. --- Potential Healthcare Cost Increases for NextEra Energy in 2026 As we look toward 2026, NextEra Energy and its employees may face significant increases in healthcare costs, driven largely by expected hikes in Insurance premiums. With healthcare insurers projecting average rate increases around 18% to 66.4% in various regions, NextEra Energy's workforce is likely to experience heightened out-of-pocket spending. The potential expiration of enhanced premium subsidies under the Affordable Care Act could exacerbate this situation, leading to average premium costs surging by more than 75% for many enrollees. This perfect storm of rising medical expenses and reduced financial assistance poses a serious challenge for both employers and employees alike. Click here to learn more

'To allay long-term financial concerns, NextEra Energy employees may benefit from a comprehensive retirement strategy that addresses inflation, health care costs, and tax planning.' – Michael Corgiat, a representative of The Retirement Group, a division of Wealth Enhancement.

'Proactive retirement planning—especially around inflation, health care, and shifting tax policies—can help NextEra Energy employees gain clarity and reduce uncertainty in the years leading up to retirement.' – Brent Wolf, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article we will discuss:

Key causes of retirement anxiety, including inflation, health care, and taxes.
Generational differences in money concerns and readiness.
The value of broad retirement planning approaches.

Retirement Anxiety is On The Rise

Employees across industries, including those at NextEra Energy, have long worried about how they will fund retirement. These concerns have grown considerably in today’s economy. Nearly two out of three Americans (64%) said they worry more about outliving their resources than they do about dying, according to the Allianz Center for the Future of Retirement’s 2025 Annual Retirement Study. ¹

Main Causes of Retirement-Related Worry

The Allianz study lists several key triggers of these fears. Regarding long-term planning, 54% of respondents said inflation was their top worry. Increases in health care costs, housing, and food prices are still undermining people’s purchasing power.

Concerns around Social Security’s future and tax burdens are also high. 43% said they feared Social Security might not offer adequate support. And another 43% named high taxes as a major issue.

Generational Gaps in Money Stress

Gen X—often balancing care for both kids and aging parents—report the highest worry: 70% versus 66% of millennials and 61% of boomers. Among corporate workers, including those at NextEra Energy, this dynamic underlines how family obligations can magnify retirement concerns.

The Gap Between Worry and Action

The survey shows a gap between concern and conversation: just 23% of respondents have talked about outliving their assets with a retirement specialist, down from 28% in 2024. ² That said, Americans are considering several strategies to allay these fears, ranking the following approaches as most helpful:

41% said cutting current spending to funnel more toward retirement 
44% said increasing retirement contributions 
39% said postponing retirement
While increasing contributions to retirement accounts could help address these concerns, barriers remain: daily necessities (63%), credit card debt (40%), mortgage or rent (35%) were top reasons people weren’t contributing more.

The Emotional Side of Retirement Anxiety

Retirement fears influence not just finances, but lifestyle, career choices, and family planning. Worries about independence, dignity, and quality of life often accompany fear of running short on funds.

Health care need are often underestimated too, complicating the equation. Medicare covers many basic services, but long‑term care, home assistance, and uncovered treatments can add large bills—adding uncertainty even for high‑income employees.

Broader Retirement Planning Matters

The Allianz findings emphasize planning well beyond just saving. With people living 25 to 30 years post‑work, a solid planning mindset is critical. As Kelly LaVigne, VP at Allianz Life, noted, “Americans areliving longer… your money needs to go farther. A good plan considers 25 to 30 years of retirement, not just the first ten.” ²

Key components often include:

Income strategies: setting up regular monthly disbursements from assets
Tax planning: reducing tax burdens on withdrawals
Health care planning: factoring in Medicare gaps and long‑term care
Inflation alignment: keeping income responsive to cost increases

Combined, these strategies can help build resilience, confidence, and preparedness even in uncertain times.

In Conclusion

The 2025 Allianz Retirement Study makes it clear: a majority of Americans—and NextEra Energy employees among them—see the threat of running out of money as more frightening than death. Rising inflation, health care spending, and uncertainty around Social Security are central drivers. Fewer are taking direct action through planning conversations or boosted contributions.

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Yet there is opportunity. The IRS now permits catch‑up 401(k) contributions of up to $11,250 for those aged 60–63 in 2025—above the standard limit. For many, this is a practical way to fortify resources in those final working years.

A Final Thought

Think of retirement like a long sea voyage. Death may be the storm ahead, but empty savings are the leak that can sink the ship first. According to the Allianz study, 64% of Americans fear that leak more than the storm. For NextEra Energy employees, the goal is to build a well-structured plan—with consistent income, planning for health costs, and tax awareness—that can keep the vessel afloat for the long haul.

Sources:

1. Allianz Life Insurance Company of North America, ' How Americans feel about retirement in 2025 ,' by the Allianz Center for the Future of Retirement ^TM , June 2025.

2. businesswire, ' Americans Are More Worried About Running Out of Money Than Death ,' April 22, 2025.

What is the primary purpose of the 401(k) plan offered by NextEra Energy?

The primary purpose of the 401(k) plan offered by NextEra Energy is to help employees save for retirement in a tax-advantaged way.

How can employees of NextEra Energy enroll in the 401(k) plan?

Employees of NextEra Energy can enroll in the 401(k) plan through the company’s benefits portal during the enrollment period or after they become eligible.

What types of contributions can employees make to the NextEra Energy 401(k) plan?

Employees can make pre-tax contributions, Roth (after-tax) contributions, and, in some cases, catch-up contributions if they are age 50 or older.

Does NextEra Energy offer a company match for 401(k) contributions?

Yes, NextEra Energy offers a company match to eligible employees who contribute to the 401(k) plan, enhancing their retirement savings.

What is the vesting schedule for the company match in NextEra Energy's 401(k) plan?

The vesting schedule for the company match in NextEra Energy's 401(k) plan typically follows a graded vesting schedule, where employees become fully vested after a certain number of years of service.

Can employees take loans against their 401(k) balance at NextEra Energy?

Yes, NextEra Energy allows employees to take loans against their 401(k) balance, subject to specific terms and conditions outlined in the plan.

What investment options are available in the NextEra Energy 401(k) plan?

The NextEra Energy 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.

How often can employees change their contribution amounts to the NextEra Energy 401(k) plan?

Employees can change their contribution amounts to the NextEra Energy 401(k) plan at any time, subject to the plan’s guidelines.

What happens to the 401(k) plan if an employee leaves NextEra Energy?

If an employee leaves NextEra Energy, they have several options for their 401(k) plan, including rolling it over to another retirement account, leaving it in the NextEra Energy plan, or cashing it out.

Is there a penalty for withdrawing funds from the NextEra Energy 401(k) plan before retirement age?

Yes, generally, there is a penalty for withdrawing funds from the NextEra Energy 401(k) plan before age 59½, along with potential income tax implications.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Plan Name: NextEra Energy Retirement Plan Eligibility:Years of Service and Age Qualification: Employees are generally eligible for pension benefits if they have reached 5 years of service and are at least 55 years old. Pension Formula: The pension benefit is calculated based on a formula that includes years of service and average salary. Specific details are outlined in the plan document. Plan Name: NextEra Energy 401(k) Plan Eligibility: Employees are eligible to participate in the 401(k) plan after completing 30 days of service. Employees can contribute a percentage of their salary, and NextEra Energy offers a company match up to a specified percentage.

Restructuring and Layoffs: NextEra Energy announced a restructuring initiative in early 2024 aimed at optimizing its operational efficiency. This move involved the reduction of approximately 5% of its workforce. The company stated that the restructuring would streamline operations and improve financial performance. This news is particularly relevant given the current economic climate, as companies across various sectors are adjusting their structures in response to economic pressures, investment challenges, and shifting political landscapes.

NextEra Energy offered stock options and RSUs to its employees. The company used acronyms like "SO" for stock options and "RSU" for Restricted Stock Units. The RSUs were typically granted based on performance and tenure.

Health Insurance: NextEra Energy provides comprehensive health insurance plans, including medical, dental, and vision coverage. Medical Plans: Options include PPO and HMO plans, with varying levels of coverage and costs. Dental and Vision: Coverage includes routine exams, preventive care, and some orthodontic services. Wellness Programs: The company offers wellness programs that include health screenings, fitness challenges, and mental health resources.