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

Discover the Top 5 Advantages of Continuing to Work in Retirement for Tempur Sealy International Employees

Healthcare Provider Update: Healthcare Provider for Tempur Sealy International Tempur Sealy International typically utilizes a range of health insurance providers for employee healthcare benefits, including major national insurers such as UnitedHealthcare and Anthem. These partnerships allow the company to offer various health plans to employees, which may include options under the Affordable Care Act (ACA) marketplace. --- Potential Healthcare Cost Increases for Tempur Sealy International in 2026 As the healthcare landscape shifts heading into 2026, Tempur Sealy International employees and retirees may face significant premium hikes due to the expected expiration of enhanced ACA premium subsidies. Many insurers are projecting rate increases averaging over 20%, with some states seeing hikes approaching 66%. This reduction in federal assistance could lead to out-of-pocket costs for policyholders soaring by as much as 75%, emphasizing the urgency for individuals to evaluate and adapt their healthcare strategies proactively in anticipation of these rising expenses. As medical inflation continues to escalate, employees must remain vigilant in managing their healthcare expenditures to avoid potential financial strain. 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 Tempur Sealy International.

1. Mental Benefits

Working during your Tempur Sealy 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 Tempur Sealy 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 Tempur Sealy 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 Tempur Sealy International.

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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 Tempur Sealy International offer to its employees?

Tempur Sealy International offers a 401(k) retirement savings plan to its employees.

Does Tempur Sealy International provide any employer matching contributions to the 401(k) plan?

Yes, Tempur Sealy International offers an employer matching contribution to help employees maximize their retirement savings.

When can employees of Tempur Sealy International enroll in the 401(k) plan?

Employees of Tempur Sealy International can enroll in the 401(k) plan during the initial eligibility period or during the annual open enrollment period.

What is the eligibility requirement for Tempur Sealy International employees to participate in the 401(k) plan?

Generally, employees of Tempur Sealy International must be at least 21 years old and have completed a minimum period of service to be eligible for the 401(k) plan.

How can Tempur Sealy International employees make contributions to their 401(k) plan?

Employees of Tempur Sealy International can make contributions through payroll deductions, which can be set as a percentage of their salary.

Are there any investment options available for Tempur Sealy International's 401(k) plan?

Yes, Tempur Sealy International provides a variety of investment options within the 401(k) plan, including mutual funds and target-date funds.

Can Tempur Sealy International employees change their contribution amounts to the 401(k) plan?

Yes, employees of Tempur Sealy International can change their contribution amounts at any time, subject to plan rules.

What happens to the 401(k) contributions if an employee leaves Tempur Sealy International?

If an employee leaves Tempur Sealy International, they can either withdraw their funds, roll them over to another retirement account, or leave them in the Tempur Sealy International plan if allowed.

Does Tempur Sealy International allow loans against the 401(k) plan?

Yes, Tempur Sealy International allows employees to take loans against their 401(k) balance, subject to specific terms and conditions.

What is the vesting schedule for employer contributions in Tempur Sealy International's 401(k) plan?

The vesting schedule for employer contributions at Tempur Sealy International typically follows a graded schedule, which means employees gain ownership of employer contributions over time.