Healthcare Provider Update: Healthcare Provider for Cboe Global Markets Cboe Global Markets provides health insurance through a comprehensive benefits package that typically includes coverage via larger national insurers, including UnitedHealthcare and Anthem Blue Cross Blue Shield, among others. These providers offer a range of healthcare plans and services that cater to the diverse needs of Cboe employees. Potential Healthcare Cost Increases in 2026 As the health insurance landscape evolves, Cboe Global Markets employees should prepare for significant increases in their healthcare costs. In 2026, premiums for Affordable Care Act (ACA) plans are projected to surge, with certain states experiencing hikes of over 60%. Contributing factors include the potential expiration of enhanced federal subsidies, ongoing medical inflation, and escalating costs of specialty drugs. These changes could significantly impact employees' out-of-pocket expenses, necessitating careful financial planning and consideration of more economical healthcare options. 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 Cboe Global Markets.
1. Mental Benefits
Working during your Cboe Global Markets 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 Cboe Global Markets 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 Cboe Global Markets 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 Cboe Global Markets.
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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 Cboe Global Markets offer to its employees?
Cboe Global Markets offers a 401(k) retirement savings plan to its employees.
Can employees of Cboe Global Markets contribute to their 401(k) plan?
Yes, employees of Cboe Global Markets can contribute a portion of their salary to their 401(k) plan.
What is the maximum contribution limit for the Cboe Global Markets 401(k) plan?
The maximum contribution limit for the Cboe Global Markets 401(k) plan is determined by IRS regulations and may change annually.
Does Cboe Global Markets offer a matching contribution for its 401(k) plan?
Yes, Cboe Global Markets provides a matching contribution to eligible employees' 401(k) accounts.
When can employees at Cboe Global Markets enroll in the 401(k) plan?
Employees at Cboe Global Markets can enroll in the 401(k) plan during their initial onboarding period or during the annual open enrollment period.
Are there vesting requirements for the matching contributions at Cboe Global Markets?
Yes, Cboe Global Markets has a vesting schedule for matching contributions, which means employees must work for the company for a certain period before they fully own those contributions.
What investment options are available in the Cboe Global Markets 401(k) plan?
The Cboe Global Markets 401(k) plan offers a variety of investment options, including mutual funds and target-date funds.
How can employees of Cboe Global Markets access their 401(k) account information?
Employees of Cboe Global Markets can access their 401(k) account information through the company's designated retirement plan portal.
Can employees take loans against their 401(k) balance at Cboe Global Markets?
Yes, Cboe Global Markets allows employees to take loans against their 401(k) balance, subject to specific terms and conditions.
What happens to the 401(k) plan if an employee leaves Cboe Global Markets?
If an employee leaves Cboe Global Markets, they can choose to roll over their 401(k) balance to another retirement account, cash out, or leave it in the Cboe Global Markets plan if eligible.
5. BenefitsPRO, 2017