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

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Bath & Body Works Employees: Navigating the Rising Costs of College Tuition for Your Family

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Healthcare Provider Update: Healthcare Provider for Bath & Body Works Bath & Body Works, a subsidiary of L Brands, typically offers its employees access to healthcare benefits through major providers like UnitedHealthcare, Aetna, and Anthem Blue Cross Blue Shield. These providers usually offer a range of plans, including medical, dental, and vision coverage to support employee health and wellness. Potential Healthcare Cost Increases in 2026 In 2026, Bath & Body Works employees may see a significant rise in healthcare costs due to anticipated premium hikes in the Affordable Care Act (ACA) marketplace. Preliminary reports indicate that some states could face increases exceeding 60%, largely due to the expiration of enhanced federal subsidies and rising medical costs. For many consumers, especially those on ACA plans, out-of-pocket premium payments may rise by more than 75%, challenging financial stability. As record profits flood the insurance industry, it highlights the growing tension between consumer affordability and corporate profit margins, prompting a careful reevaluation of healthcare options for employees moving forward. Click here to learn more

It doesn’t take a degree in finance to see the cost of college continues to rise.

In its 2017 report, the College Board showed that public four-year institutions raised prices an average of 3.2% annually between the 2007-08 and 2017-18 school years. Put another way, a $5,000 education in 2007-08 would cost $6,851 in 2017-18.

For a few families, the lion’s share of education costs falls on parents and, in some cases, on grandparents. For our Bath & Body Works clients who are parents you may already know, generally, the majority of families rely on a combination of scholarships, grants, financial aid, part-time jobs, and parent support to help pay the cost.

For Bath & Body Works employees who have children approaching college age, a good first step is estimating the potential costs. The accompanying worksheet can help you get a better idea about the cost of a four-year college.

For Bath & Body Works employees who already put money away for college, the worksheet will take that amount into consideration. For Bath & Body Works employees who haven’t, it’s never too late to start.

Resources


There are a number of resources that can help individuals prepare for college. The U.S. government distributes certain information on colleges and costs. Here are two sites for these Bath & Body Works employees to consider reviewing:

www.studentaid.ed.gov
The government’s college and financial aid portal.

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www.collegeboard.org
The group that administers the SAT test.

Estimating the Cost of College

Estimating the Cost of College

Estimating the Cost of College

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Bath & Body Works announced a restructuring plan in early 2024, which includes significant layoffs and changes to employee benefits. The company is streamlining its operations to focus on core areas, leading to reductions in staff and adjustments in pension and 401(k) contributions.
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For more information you can reach the plan administrator for Bath & Body Works at 7 Limited Pkwy E Reynoldsburg, OH 43068; or by calling them at +1 614-856-6000.

*Please see disclaimer for more information

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