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

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Navigating Inflation: Essential Insights for Rite Aid Employees to Safeguard Their Retirement Plans

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Healthcare Provider Update: Healthcare Provider for Rite Aid Rite Aid employees typically have access to healthcare plans through various insurers, but specific carriers may vary based on the location and plan offerings. Major insurers such as UnitedHealthcare, Aetna, and others often provide coverage options for Rite Aid employees, making it advisable for them to review the available plans and select one that best fits their healthcare needs. Potential Healthcare Cost Increases in 2026 As we head into 2026, Rite Aid employees may face significant increases in healthcare costs due to projected sharp hikes in health insurance premiums. Without the renewal of enhanced federal subsidies, many enrollees in the ACA marketplace could see their out-of-pocket costs rise by over 75%, particularly as some states report premium increases exceeding 60%. Amid rising medical costs driven by factors such as high prices for medications and ongoing pressure from insurers to adjust benefit structures, employees will need to carefully assess their coverage options to mitigate the financial impact and ensure continued access to necessary healthcare. Click here to learn more

As a Rite Aid 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.' woman signing on white printer paper beside woman about to touch the documents

 


As a Rite Aid 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 Rite Aid 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 purpose of Rite Aid's 401(k) Savings Plan?

The purpose of Rite Aid's 401(k) Savings Plan is to help employees save for retirement by allowing them to contribute a portion of their salary on a pre-tax basis.

How can Rite Aid employees enroll in the 401(k) Savings Plan?

Rite Aid employees can enroll in the 401(k) Savings Plan by accessing the company’s benefits portal or contacting the HR department for guidance on the enrollment process.

Does Rite Aid offer a company match for contributions to the 401(k) Savings Plan?

Yes, Rite Aid offers a company match for contributions to the 401(k) Savings Plan, helping employees maximize their retirement savings.

What types of investment options are available in Rite Aid's 401(k) Savings Plan?

Rite Aid's 401(k) Savings Plan typically offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

At what age can Rite Aid employees start withdrawing from their 401(k) Savings Plan without penalties?

Rite Aid employees can start withdrawing from their 401(k) Savings Plan without penalties at age 59½, provided they meet other plan requirements.

Can Rite Aid employees take loans against their 401(k) Savings Plan?

Yes, Rite Aid employees may have the option to take loans against their 401(k) Savings Plan, subject to the plan's specific terms and conditions.

How often can Rite Aid employees change their contribution percentage to the 401(k) Savings Plan?

Rite Aid employees can typically change their contribution percentage to the 401(k) Savings Plan at any time, but there may be specific enrollment periods or guidelines to follow.

What happens to Rite Aid employees' 401(k) Savings Plan if they leave the company?

If Rite Aid employees leave the company, they have several options for their 401(k) Savings Plan, including rolling it over to an IRA or another employer's plan, or cashing it out (which may incur taxes and penalties).

Is there a vesting schedule for Rite Aid's 401(k) Savings Plan?

Yes, Rite Aid's 401(k) Savings Plan may have a vesting schedule for employer contributions, meaning employees must work for the company for a certain period before they fully own those contributions.

How can Rite Aid employees access their 401(k) Savings Plan account information?

Rite Aid employees can access their 401(k) Savings Plan account information through the company's benefits portal or by contacting the plan administrator.

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For more information you can reach the plan administrator for Rite Aid at , ; or by calling them at .

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