Healthcare Provider Update: Healthcare Provider for CACI International: CACI International provides its employees access to a range of health insurance options, typically through partnerships with major national insurers such as UnitedHealthcare and Anthem Blue Cross Blue Shield. These providers are known for offering comprehensive health plans, including coverage for medical expenses, prescription drugs, and preventive care to meet the diverse needs of CACI's workforce. Potential Healthcare Cost Increases in 2026: In 2026, CACI International employees may face significant increases in healthcare costs due to projected premium hikes in the Affordable Care Act marketplace, with some states expecting rises as high as 66%. As companies like CACI navigate these pressures, there is an anticipated shift in benefit designs, potentially leading to higher deductibles and out-of-pocket maximums for employees. With many insurers reporting substantial profits alongside rising medical costs, employees are advised to familiarize themselves with their benefits early and strategize their healthcare choices to mitigate potential financial impacts. The combination of these market shifts may result in increased out-of-pocket expenses for employees, making awareness and planning critical for management of health care costs in the coming year. Click here to learn more
In the past, retirement has been portrayed as an ending, a grand exit from your years in the workplace. But the rules are shifting. Labor force participation among those aged 65-74 is predicted to reach 32 percent by 2022, up from just 20 percent in 2002.(1) As the Boomer generation ages, more people are viewing retirement as an opportunity to enjoy the rewards of work in a whole new way. Read on to discover some of the benefits you can enjoy after you retire from CACI International.
1. Mental Benefits
Working during your CACI International retirement can help maintain mental agility as you learn new skills. Staying engaged in work helps build 'mental muscle,' which can lessen the risk of developing dementia and Alzheimers(2) and ward off the signs of aging.
2.. Physical Benefits
Staying active during your CACI International retirement years is crucial for continued health. Whether you choose to work full-time or volunteer a few days a week, engaging in some form of work will keep your body moving, and give you opportunities to stay balanced, strong, and healthy.
3. Financial Benefits
Besides the obvious extra income, working during your CACI International retirement may allow you to delay taking Social Security benefits. For every year you wait to take Social Security, your benefits can increase by an average of 8 percent annually.(3) Finding a strategy that works for you can truly pay off.
4. Emotional Benefits
Studies have shown that a sense of purpose has been found to lengthen lifespan and quality of life.4 Working on something you care about, starting a new business, or mentoring others in the workplace can ward off depression and provide a healthy sense of fulfillment and direction in your years or retirement from CACI International.
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- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
5. Social Benefits
One of the risks associated with retirement is increased isolation, which in terms of its impact on your health, has been equated with smoking nearly a pack of cigarettes a day.5 Working with others reduces this risk, giving you a chance to build connections and enjoy meaningful interactions.
Sources
1. AARP.org, February/March 2015
2. Forbes, 2017
3. Social Security Administration, 2017
4. Association for Psychological Science, 2017
What type of retirement savings plan does CACI International offer to its employees?
CACI International offers a 401(k) Savings Plan to help employees save for retirement.
How can I enroll in the CACI International 401(k) Savings Plan?
Employees can enroll in the CACI International 401(k) Savings Plan through the company’s HR portal or by contacting the HR department for assistance.
Does CACI International match employee contributions to the 401(k) plan?
Yes, CACI International provides a matching contribution to the 401(k) plan, which helps employees increase their retirement savings.
What is the maximum contribution limit for the CACI International 401(k) Savings Plan?
The maximum contribution limit for the CACI International 401(k) Savings Plan is determined by the IRS guidelines, which are updated annually.
Can I change my contribution rate to the CACI International 401(k) Savings Plan at any time?
Yes, employees can change their contribution rate to the CACI International 401(k) Savings Plan at any time, subject to certain restrictions.
What investment options are available in the CACI International 401(k) Savings Plan?
The CACI International 401(k) Savings Plan offers a variety of investment options, including mutual funds, stocks, and bonds.
When can I access my funds from the CACI International 401(k) Savings Plan?
Employees can access their funds from the CACI International 401(k) Savings Plan upon reaching retirement age, or in cases of hardship, as defined by the plan.
Does CACI International allow for loans against my 401(k) savings?
Yes, CACI International allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.
What happens to my CACI International 401(k) Savings Plan if I leave the company?
If you leave CACI International, you can either roll over your 401(k) savings into another retirement account, cash out, or leave the funds in the plan, depending on the balance.
Is there a vesting schedule for the CACI International 401(k) Savings Plan?
Yes, CACI International has a vesting schedule for employer contributions, which determines how much of the employer match you can keep if you leave the company.
5. BenefitsPRO, 2017