Healthcare Provider Update: Healthcare Provider for KBR KBR, a company known for its engineering and construction services, provides health insurance through its partnerships with major health insurers. As of now, KBR employees have access to healthcare coverage options primarily through UnitedHealthcare, which is one of the largest health insurers in the United States. This ensures that employees can receive comprehensive health services, including preventive care and specialty treatments. Potential Healthcare Cost Increases in 2026 In 2026, healthcare costs are projected to surge significantly, exacerbated by a challenging blend of factors. Many states are staring down potential increases in health insurance premiums beyond 60%, particularly influenced by the expiration of enhanced federal premium subsidies that could cause out-of-pocket costs to skyrocket by over 75% for most ACA marketplace enrollees. Coupled with rising medical expenses driven by inflation, the anticipated premium hikes reflect a perfect storm for consumers, increasing the financial burden on both individuals and families during a critical period. Insurers report significant revenue growth but also face mounting pressures that may further distress access to affordable healthcare coverage. 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 KBR.
1. Mental Benefits
Working during your KBR 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 KBR 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 KBR 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 KBR.
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- 401K, Social Security, Pension – How to Maximize Your Options
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- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
- 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 is KBR's 401(k) plan?
KBR's 401(k) plan is a retirement savings plan that allows employees to save a portion of their salary on a tax-deferred basis.
How does KBR match employee contributions to the 401(k) plan?
KBR offers a matching contribution to the 401(k) plan, typically matching a percentage of the employee's contributions up to a certain limit.
When can employees at KBR start contributing to the 401(k) plan?
Employees at KBR can start contributing to the 401(k) plan after completing their initial eligibility period, which is usually outlined in the employee handbook.
What types of investment options are available in KBR's 401(k) plan?
KBR's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to help employees diversify their portfolios.
Can employees at KBR take loans against their 401(k) savings?
Yes, KBR allows employees to take loans against their 401(k) savings, subject to certain conditions and limits set by the plan.
What happens to my KBR 401(k) if I leave the company?
If you leave KBR, you can choose to roll over your 401(k) balance to another retirement account, cash out your balance, or leave it in the KBR plan if allowed.
Is there a vesting schedule for KBR's 401(k) matching contributions?
Yes, KBR has a vesting schedule for matching contributions, meaning employees must work for a certain period to fully own the matched funds.
How can KBR employees change their contribution percentage to the 401(k) plan?
KBR employees can change their contribution percentage by accessing their account online or by contacting the HR department for assistance.
Does KBR provide educational resources for employees regarding their 401(k) plan?
Yes, KBR provides educational resources and workshops to help employees understand their 401(k) options and make informed investment decisions.
Are there any fees associated with KBR's 401(k) plan?
Yes, KBR's 401(k) plan may have administrative fees and investment-related fees, which are disclosed in the plan documents.



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5. BenefitsPRO, 2017