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

Exelon Employees: 100 Questions Every First-Time Home Buyer Should Ask

Healthcare Provider Update: Healthcare Provider for Exelon Exelon does not operate as a healthcare provider; rather, it is a major energy company known for its utility services. However, it is associated with Exelon (the medication), which is a treatment for Alzheimer's and Parkinson's diseases, marketed by Knight Therapeutics in Latin America and licensed from Novartis. Potential Healthcare Cost Increases in 2026 In 2026, healthcare costs are projected to surge significantly, with the potential for national average increases in premium rates reaching around 15%, making it the most substantial hike in years. This rise is fueled by escalating medical expenses, the expiration of enhanced federal premium subsidies, and hefty rate requests from major insurers. For many consumers, this may translate to over a 75% increase in out-of-pocket expenses, as more than 22 million individuals could be affected by the loss of subsidies that currently ease their premium burdens. As a result, it is crucial for consumers to prepare strategically in 2025 to mitigate these rising costs. Click here to learn more

Exelon employees considering homeownership as part of their financial planning should approach the purchase strategically. This book is a tool for them to make better decisions in the market, 'says Kevin Landis, of the Retirement Group, a division of Wealth Enhancement Group. It's not about buying a house - it's about investing in a future that meets one's long-term personal and financial goals, he said.

As Exelon employees try to buy their first home, understanding real estate is critical. The Retirement Group, a division of Wealth Enhancement Group, recommends '100 Questions Every First-Time Home Buyer Should Ask' as a key resource for equipping buyers to make informed decisions based on their professional and personal goals. ''

In this article we will discuss:

1. The Complex Real Estate Market: '100 Questions Every First home Buyer Should Ask' is an essential guide for Exelon customers just starting out buying a Home - providing essential real estate information and advice.

2. Insights and Practical Advice: Advice from top real estate agents and Ilyce R. Glink on budgeting, mortgages, and negotiation.

3. Long-term Planning for Homeownership: Finding a home that enables aging in place with all the necessary accessibility features and close to healthcare facilities is important for a long-term, comfortable home for retirees.

With a home, most Exelon customers will make their largest purchase ever. There's a lot at stake and so many aspirations that it's important that our Exelon customers become informed buyers. Exelon customers new to the real estate market will find 100 Questions Every First-Home Buyer Should Ask useful. It helps buyers navigate a complex real estate market.

The book is divided into chapters that walk first-time buyers through the entire purchasing process. First chapters cover basics like finding the right home for you and sorting properties. Then Glink goes over how to budget, understand your mortgage options, and negotiate the deal. It concludes by discussing closing procedure and post-sale issues.

Answers from the country's top real estate agents. Nationally recognized and award-winning real estate educator Ilyce R. Glink also draws from her own experience and knowledge base.

This second edition is revised for the current market. Topics now include how to use Internet resources best, how to get the best mortgage deal, and how to use the Taxpayer Relief Act of 1997.

This is information provided as a courtesy. This is not a company endorsement. The opinions expressed are the author's alone and may or may not reflect our own.

Added Fact:

The biggest benefit of homeownership for older adults is aging in place, the National Association of Realtors said. Aging in place means staying in one's own home and community as one ages. This is important to our target audience of Exelon workers and retirees who may be buying their first home. It answers 100 Questions Every First-Time Home Buyer Should Ask about finding a Home that meets future needs like accessibility features and proximity to healthcare facilities. This information helps our target audience make sound decisions regarding their long-term housing needs.

Added Analogy:

A first home purchase is like taking an expedition to a foreign land. On that journey, '100 Questions Every First-Time Home Buyer Should Ask' serves as a map and advice to our target audience of Exelon workers and retirees. Just like an explorer, the book gives them the tools to navigate the real estate market. As each chapter is an accomplishment, readers can move forward finding that perfect home for them. Its contributors are experienced mountaineers who can help you climb. Important topics like budgeting, mortgages, negotiation, and post-sale issues make this guidebook an indispensable companion as we help our readers overcome obstacles to homeownership.

Articles you may find interesting:

Sources:

Glink, Ilyce R. 100 Questions Every First-Time Home Buyer Should Ask, Fourth Edition: With Answers from Top Brokers from Around the Country . Crown, 2018. Amazon, www.amazon.com/100-Questions-Every-First-Time-Buyer/dp/1524763438 .
'100 Questions Every First-Time Home Buyer Should Ask by Ilyce R. Glink.' Goodreads , www.goodreads.com/book/show/36580182-100-questions-every-first-time-home-buyer-should-ask .
Glink, Ilyce R. 100 Questions Every First-Time Home Buyer Should Ask, Fourth Edition . Penguin Random House, 2018, www.penguinrandomhouse.com/books/530747/100-questions-every-first-time-home-buyer-should-ask-fourth-edition-by-ilyce-r-glink/ .
Glink, Ilyce R. 100 Questions Every First-Time Home Buyer Should Ask Summary Audiobook . BuildLearn, 2005, www.buildlearn.com/100-questions-every-first-time-home-buyer-should-ask .
Glink, Ilyce R. 100 Questions Every First-Time Home Buyer Should Ask, Fourth Edition: With Answers from Top Brokers from Around the Country . Barnes & Noble, 2018, www.barnesandnoble.com/w/100-questions-every-first-time-home-buyer-should-ask-ilyce-r-glink/1100628210 .
National Association of Realtors, Aging in Place: A State Survey of Livability Policies & Practices '(May 2011).

How does Exelon's separation process into RemainCo and SpinCo impact the retirement benefits for employees in both segments, and what should employees at Exelon consider regarding their retirement planning in light of this structural change?

Exelon’s Separation into RemainCo and SpinCo: The separation into RemainCo and SpinCo may result in different benefits structures for employees, with RemainCo focusing on regulated utilities and SpinCo on competitive energy generation. Employees should evaluate how their specific retirement benefits, such as pensions and 401(k) plans, may change or be restructured under the new entities. Employees need to consider the impact of this change on their long-term retirement planning, especially with regard to how the corporate shift may affect contributions, vesting, and retirement payouts.

In what ways can Exelon employees leverage the Employee Savings Plan to maximize their retirement savings, and what specific features of the plan should employees be aware of to ensure they are making the most of their contributions?

Maximizing Retirement Savings through the Employee Savings Plan: Exelon’s Employee Savings Plan offers tax-advantaged retirement savings with employer matching contributions. Employees should be aware of contribution limits, matching percentages, and vesting schedules to make the most of the plan. Additionally, employees should consider automatic enrollment features, target-date funds, and the availability of Roth contributions, ensuring they optimize their retirement savings through strategic contribution increases over time.

What retirement resources does Exelon provide to assist employees in understanding their pension options, and how does the company's support aim to facilitate a smooth transition into retirement?

Pension Options Resources: Exelon provides resources like retirement planning tools, financial counseling, and access to benefits specialists to help employees understand their pension options. These resources are designed to assist employees in making informed decisions regarding payout options such as lump sums versus annuities. The company’s goal is to help employees transition smoothly into retirement by offering educational sessions and personalized guidance on maximizing their benefits.

Can you elaborate on the diversity, equity, and inclusion efforts at Exelon, particularly how these initiatives impact the workplace environment for employees approaching retirement, and what specific policies or programs are in place to support them?

Diversity, Equity, and Inclusion (DEI) Efforts: Exelon's DEI initiatives positively impact employees approaching retirement by fostering an inclusive environment where employees from diverse backgrounds are supported in planning for their future. Policies such as anti-age discrimination and flexible working arrangements help ensure that older employees can transition smoothly into retirement while still contributing meaningfully in their final working years(Exelon_Corporation_Febr…).

How can Exelon employees evaluate their nonqualified deferred compensation options as they near retirement, and what implications should they consider regarding taxes and withdrawal strategies?

Evaluating Nonqualified Deferred Compensation: Exelon employees nearing retirement should carefully evaluate their nonqualified deferred compensation options, focusing on timing withdrawals to minimize tax liabilities. These plans are often subject to different tax treatments, and employees should consider potential penalties for early withdrawal and strategize around deferral and distribution schedules to optimize their retirement income.

What role does Exelonâ€™s commitment to ESG principles play in its employee benefits structure, and how might changes in this area influence retirement planning for employees at Exelon?

ESG Principles and Employee Benefits: Exelon’s commitment to Environmental, Social, and Governance (ESG) principles influences its benefits structure by promoting sustainable and responsible practices. Employees may see continued enhancements in green investment options in their retirement plans, and changes to benefits programs may reflect a stronger focus on social responsibility and long-term sustainability, which could affect their retirement planning strategies(Exelon_Corporation_Febr…).

How can employees at Exelon access information about their total compensation packages, including retirement benefits, and what steps should they take to ensure they are maximizing their overall compensation as they approach retirement?

Accessing Total Compensation Information: Exelon employees can access information about their total compensation packages, including retirement benefits, through the company’s HR portal and benefits department. To ensure they are maximizing their compensation as they approach retirement, employees should regularly review their pension, 401(k) contributions, and healthcare benefits, seeking advice from the company’s financial planners or HR representatives(Exelon_Corporation_Febr…).

What constitutes the normal retirement age at Exelon, and how do retirement benefits adjust for employees who retire earlier or later than this age?

Normal Retirement Age and Early/Late Retirement: Exelon’s normal retirement age typically aligns with the age for full pension eligibility, which could be 65 or 67 depending on the plan. Employees who retire earlier may face reduced pension benefits, while those who delay retirement could receive enhanced payouts. It’s crucial for employees to understand how their specific retirement age affects their pension formula(Exelon_Corporation_Febr…).

How can Exelon employees provide feedback on employee benefits during the consultation process, especially those related to retirement, and what channels are available for them to voice their concerns or suggestions?

Providing Feedback on Retirement Benefits: Exelon encourages employees to provide feedback on benefits through regular surveys, town hall meetings, and direct consultations with the HR department. Employees can voice their concerns or suggestions regarding retirement plans during open enrollment periods or scheduled consultations with benefits specialists(Exelon_Corporation_Febr…).

What is the best way for employees to contact Exelon regarding questions about their retirement benefits and other related topics, and which resources or personnel should they turn to for the most accurate and reliable information?

Contacting Exelon for Retirement Questions: Employees with questions about retirement benefits can contact Exelon’s HR department, use the company’s dedicated benefits hotline, or access retirement planning resources on the company’s internal portal. For specific inquiries, employees may also reach out to benefits counselors or attend company-provided retirement planning seminars(Exelon_Corporation_Febr…).

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

Exelon offers both a traditional defined benefit pension plan and a defined contribution 401(k) plan. The defined benefit plan includes a cash balance component, where benefits grow based on years of service and compensation, with interest credits added annually. The 401(k) plan features company matching contributions and various investment options, including target-date funds and mutual funds. Exelon provides financial planning resources and tools to help employees manage their retirement savings.

Layoffs and Restructuring: Exelon announced it will lay off 500 employees and incur a $40 million severance charge as part of a massive restructuring. The aim is to optimize operations and manage costs effectively amidst changing market conditions (Source: NBC Philadelphia). Financial Performance: Exelon reported strong financial results for Q4 2023, with significant increases in net income across its business units due to distribution rate increases and lower storm costs (Source: Exelon). Operational Strategy: The company introduced a 2024 guidance range for adjusted operating earnings, focusing on revenue growth and cost management (Source: Exelon).

Exelon grants stock options and RSUs to incentivize employees. Stock options allow employees to buy shares at a set price after vesting, while RSUs are awarded with vesting conditions such as tenure or performance. In 2022, Exelon focused on RSUs to retain talent and align with strategic goals. This continued in 2023 and 2024, with broader RSU programs and performance-linked sto

Exelon has been actively updating its employee healthcare benefits to keep pace with the changing economic, investment, tax, and political environment. In 2022, Exelon introduced a series of enhancements to its healthcare plans, aiming to provide comprehensive coverage while managing costs effectively. These updates included a variety of plan options, such as high and low deductible plans and HMO and PPO plans. The company also emphasized mental health support, expanding access to counseling services and wellness programs to address the growing need for mental health resources among its employees. In 2023, Exelon continued to prioritize employee healthcare by further refining its benefits offerings. The company implemented personalized care options through partnerships with local healthcare providers, enhancing preventive health services to address chronic disease management. Exelon's commitment to robust healthcare benefits reflects its understanding of the importance of employee well-being in driving productivity and sustaining business success amid economic uncertainties. This strategic focus on healthcare not only supports employee health but also positions Exelon to better navigate the economic and political challenges that impact both the company and its workforce.

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For more information you can reach the plan administrator for Exelon at 1 riverside plaza Columbus, OH 43215-2373; or by calling them at 614-716-1000.

https://www.exeloncorp.com/Documents/2022-annual-report.pdf - Page 8, https://www.exeloncorp.com/Documents/2023-annual-report.pdf - Page 15, https://www.exeloncorp.com/Documents/2024-annual-report.pdf - Page 22, https://www.exeloncorp.com/Documents/employee-pension-plan-2022.pdf - Page 5, https://www.exeloncorp.com/Documents/employee-pension-plan-2023.pdf - Page 12, https://www.exeloncorp.com/Documents/employee-pension-plan-2024.pdf - Page 15, https://www.exeloncorp.com/Documents/401k-plan-2022.pdf - Page 8, https://www.exeloncorp.com/Documents/401k-plan-2023.pdf - Page 22, https://www.exeloncorp.com/Documents/401k-plan-2024.pdf - Page 28, https://www.exeloncorp.com/Documents/healthcare-plan-2022.pdf - Page 20