Healthcare Provider Update: Healthcare Provider for Walgreens Boots Alliance Walgreens Boots Alliance primarily operates through its retail pharmacy network, including Walgreens and Boots pharmacies, along with a range of healthcare services. The company partners with various insurance and healthcare providers to offer accessible pharmacy services, health and wellness products, and integrated healthcare solutions aimed at enhancing patient care. Potential Healthcare Cost Increases in 2026 In 2026, employees of Walgreens Boots Alliance are likely to face significant increases in healthcare costs as insurance premiums for ACA marketplace plans are projected to rise sharply, in some instances exceeding 60%. With the potential expiration of enhanced federal subsidies, many enrollees may see their out-of-pocket costs escalate by over 75%. Coupled with rising medical costs driven by inflation and increased demand for expensive treatments, employees need to be proactive in understanding their health benefits and planning accordingly to manage these anticipated financial burdens. Click here to learn more
The latest research suggests that divorce rates in the U.S. have been falling in recent decades. Still, many people face the difficult crossroads that comes when their marriage ends.
Getting a divorce is a painful, emotional process. Don’t be in such a hurry to reach a settlement that you make poor decisions that can have life-long consequences. For any of our Walgreens Boots Alliance clients who may possibly have to have a divorce, here are a few financial ideas that may help you prepare.
The most important task these Walgreens Boots Alliance employees can do is to get their finances organized. Identify all your assets and make copies of important financial papers, such as deeds, tax returns, and investment records. When it comes to dividing up your assets, consider mediation as a low-cost alternative to litigation. Most states have equitable-distribution laws that require shared assets to be divided 50/50 anyway. When a divorce becomes contentious, attorney’s fees can accumulate.
From a financial perspective, divorce means taking all the income previously used to run one household and stretching it out over two residences, two utility bills, two grocery lists, etc. There are other hidden costs as well, such as counseling for you or your children. Divorces also may require incurring one-time fees, such as a security deposit on a rental property, moving costs, or increased child-care.
Finally, dividing assets may sound simple but it can be quite complex. The forced sale of a home or investment portfolio may have tax consequences. Potential tax liability also can make two seemingly equal assets have varying net values. Additionally, when pulling apart a portfolio, it makes sense to consider how each asset will suit the prospective recipient in terms of risk tolerance and liquidity.
Articles you may find interesting:
- 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!
- 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!
We'd like our Walgreens Boots Alliance clients to remember, the information in this article is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation.
During a divorce, many factors are competing for attention. By these Walgreens Boots Alliance employees understanding a few key concepts, they may be able to avoid making costly financial mistakes.
Chart Source: Familyinequality.com, 2019
1. The Wall Street Journal, 2019
What type of retirement savings plan does Walgreens Boots Alliance offer to its employees?
Walgreens Boots Alliance offers a 401(k) retirement savings plan to its employees.
How can employees of Walgreens Boots Alliance enroll in the 401(k) plan?
Employees of Walgreens Boots Alliance can enroll in the 401(k) plan through the company’s HR portal or by contacting the benefits department for assistance.
Does Walgreens Boots Alliance match employee contributions to the 401(k) plan?
Yes, Walgreens Boots Alliance provides a matching contribution to the 401(k) plan, subject to certain limits.
What is the maximum employee contribution percentage allowed in the Walgreens Boots Alliance 401(k) plan?
The maximum employee contribution percentage allowed in the Walgreens Boots Alliance 401(k) plan is in line with IRS limits, which can change annually.
Are there any waiting periods for new employees to join the Walgreens Boots Alliance 401(k) plan?
Walgreens Boots Alliance typically allows new employees to join the 401(k) plan after completing a specified waiting period, usually within the first few months of employment.
Can employees of Walgreens Boots Alliance take loans against their 401(k) savings?
Yes, employees of Walgreens Boots Alliance may have the option to take loans against their 401(k) savings, subject to the plan's terms.
What investment options are available within the Walgreens Boots Alliance 401(k) plan?
The Walgreens Boots Alliance 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
How often can employees change their contribution amounts to the Walgreens Boots Alliance 401(k) plan?
Employees of Walgreens Boots Alliance can typically change their contribution amounts at any time, subject to the plan’s guidelines.
What happens to the 401(k) savings if an employee leaves Walgreens Boots Alliance?
If an employee leaves Walgreens Boots Alliance, they can choose to roll over their 401(k) savings to another retirement account, cash out, or leave the savings in the plan, depending on the balance and plan rules.
Does Walgreens Boots Alliance provide educational resources to help employees understand their 401(k) options?
Yes, Walgreens Boots Alliance offers educational resources and workshops to help employees understand their 401(k) options and make informed decisions.