Healthcare Provider Update: Offers comprehensive medical, dental, and vision benefits to employees working 30+ hours/week, with HSA contributions up to $1,000 annually 1. As ACA premiums rise and subsidies expire, Option Cares employer-sponsored plans and HSA support offer a more affordable and tax-advantaged alternative to marketplace coverage. Click here to learn more
As a Option Care Health employee earning a good wage, remember when everyday products were much cheaper than they are now? That's a real-life example of inflation, an unavoidable phenomenon that erodes the value of money by pushing prices up over time. If capital isn't being put to work and making a return during inflationary periods, the purchasing power of investor capital is declining.
| 'If capital isn't being put to work and making a return during inflationary periods, the purchasing power of investor capital is declining.' |
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As a Option Care Health employee interested in investing, it is important to consider how investors have a wide range of tools at their disposal to protect their portfolios from inflation. Some prefer inflation-protected bonds, while others swear by commodities such as gold as effective inflation hedges. Investing in stocks has historically been one of the best ways to offset, or even outpace, inflation's degenerative effects on one's savings. For Option Care Health employees, it is important to account for this information when planning your finances as to create a portfolio that minimizes volatility and accounts for inflation.
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We still have a tremendous amount of interest from advisors looking into commodity funds, ETFs and other inflation protection instruments to protect against potential inflation.
What is the 401(k) plan offered by Option Care Health?
The 401(k) plan at Option Care Health is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
How can employees enroll in the 401(k) plan at Option Care Health?
Employees can enroll in the Option Care Health 401(k) plan by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.
Does Option Care Health offer a company match for the 401(k) contributions?
Yes, Option Care Health offers a company match for employee contributions to the 401(k) plan, which helps employees grow their retirement savings.
What is the vesting schedule for the company match at Option Care Health?
The vesting schedule for the company match at Option Care Health typically follows a graded vesting schedule, meaning employees earn rights to the company contributions over a period of time.
Can employees change their contribution percentage to the 401(k) plan at Option Care Health?
Yes, employees at Option Care Health can change their contribution percentage at any time, subject to the plan’s rules and limits.
What investment options are available in the Option Care Health 401(k) plan?
The Option Care Health 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.
Is there a loan option available for the 401(k) plan at Option Care Health?
Yes, Option Care Health allows employees to take loans against their 401(k) balance under certain conditions, providing a way to access funds if needed.
What happens to my 401(k) account if I leave Option Care Health?
If you leave Option Care Health, you have several options for your 401(k) account, including rolling it over to a new employer’s plan, an IRA, or cashing it out, though cashing out may incur taxes and penalties.
How often can employees contribute to the 401(k) plan at Option Care Health?
Employees can contribute to the Option Care Health 401(k) plan with each paycheck, allowing for consistent savings throughout the year.
Are there any fees associated with the 401(k) plan at Option Care Health?
Yes, like most 401(k) plans, the Option Care Health 401(k) may have administrative fees and investment fees, which are disclosed in the plan documents.
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