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

How J.B. Hunt Transport Services Employees Can Use an Older Life Insurance Policy to Support Long-Term Care Needs

Healthcare Provider Update: Healthcare Provider for J.B. Hunt Transport Services J.B. Hunt Transport Services utilizes multiple healthcare providers for its employee benefits, with the specifics often varying by the region and the type of coverage chosen. The company typically offers access to a range of insurers, aligning with industry standards for providing health care to its employees. Healthcare Cost Increases Projection for 2026 As J.B. Hunt Transport Services prepares for 2026, employees may face significant healthcare cost increases due to a convergence of factors. Premiums for the Affordable Care Act (ACA) marketplace are projected to rise sharply, with some states reporting hikes exceeding 60% as a result of both the expiration of enhanced federal subsidies and elevated medical costs. Additionally, many employers, including J.B. Hunt, are expected to shift more healthcare expenses onto employees, further straining household finances. This backdrop of rising costs highlights the importance for employees to proactively reassess their healthcare plans and budgeting strategies to mitigate the financial impact. Click here to learn more

'For many J.B. Hunt Transport Services employees, reviewing whether an older life insurance policy still aligns with long-term care needs can be a meaningful step in maintaining a well-structured retirement plan, and thoughtful evaluation is essential.' — Michael Corgiat, a representative of The Retirement Group, a division of Wealth Enhancement.

'J.B. Hunt Transport Services employees can benefit from periodically reassessing older life insurance policies to determine whether a 1035 exchange or updated long-term care strategy may better support their evolving retirement goals.' — Brent Wolf, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article, we will discuss:

How a 1035 exchange works and when it may be appropriate.
Ways long-term care planning can interact with existing life insurance policies.
Key considerations before replacing or exchanging an older policy.

For many people, older life insurance policies—sometimes purchased 10, 15, or even 25 years ago—may no longer align with their current needs. As financial priorities evolve, regular reviews of insurance coverage become important to confirm that everything is still functioning as intended. This becomes even more relevant given the rising cost of long-term care. ¹ For J.B. Hunt Transport Services employees relying on older insurance policies to help cover the costs of long-term care, this matters more than ever.

Notably, if an existing life insurance policy no longer meets your goals, a 1035 exchange could help support future long-term care costs. Regulated under Section 1035 of the Internal Revenue Code, a 1035 exchange permits the tax-free transfer of one life insurance policy to another “like-kind” policy. When certain conditions are met—such as keeping the same owner and generally the same insured on both contracts—this rule allows J.B. Hunt Transport Services employees to shift from an existing life insurance contract to a comparable policy without incurring taxes. ²

Through this exchange, an older policy may be transitioned into a tax-qualified long-term care insurance policy. One option some people consider is a hybrid long-term care policy, which blends life insurance with a long-term care rider. Benefits from these policies are generally paid tax-free up to IRS limits, and the death benefit can be accelerated or accessed to help cover qualified long-term care expenses ³ —an arrangement some J.B. Hunt Transport Services employees may find helpful as they prepare for the years ahead.

There is no universal approach when evaluating a 1035 exchange. Before making changes, it’s important to understand how surrender fees, taxes, or performance differences may influence outcomes. Age and health can also determine whether new coverage is available or advisable. These factors contribute to whether keeping your current policy, exchanging it, surrendering it, or exploring new options may be appropriate.

A hybrid long-term care policy may offer benefits over an older life insurance policy in many situations. Examples include circumstances where loved ones no longer need the death benefit, the existing policy is falling short of expectations, or the gap between the cash value and death benefit has narrowed significantly. Reviewing illustrations that show a policy’s future performance can help you evaluate whether your coverage still supports your long-term goals.

Long-term care planning is an important part of preparing for the future, and maintaining thoughtful family coverage at each stage of life matters. A financial adviser can help you review your current insurance and discuss what type of future coverage may fit your needs. A tax professional can also offer guidance on tax considerations associated with a 1035 exchange.

The Retirement Group can assist you in reviewing your retirement planning, including decisions about life insurance and long-term care, and how these pieces fit into your broader financial approach. For assistance, call us at (800) 900-5867 .

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Articles you may find interesting:

Sources:

1. CareScout and Genworth. ' Calculate the cost of long-term care near you .' 2024.

2. Investopedia. “ Understanding 1035 Exchanges: Tax-Free Insurance and Annuity Transfers ,' by Julia Kagan. 8 Aug. 2025. Accessed 7 Dec. 2025.

3. Fidelity Investments. “ An Old Life Insurance Policy Could Help You Cover the Cost of Long-Term Care ,” by David Peterson. 30 Nov. 2025. Accessed 7 Dec. 2025.

Other Resources:

1. The Partners Group. “ Long-Term Care Insurance .” The Partners Group, 10 Nov. 2022. Accessed 7 Dec. 2025.

2. Financial Industry Regulatory Authority (FINRA). “ Should You Exchange Your Life Insurance Policy? ” FINRA.org, 23 Jan. 2023. Accessed 7 Dec. 2025.

What type of retirement savings plan does J.B. Hunt Transport Services offer to its employees?

J.B. Hunt Transport Services offers a 401(k) retirement savings plan to its employees.

Is there a company match for contributions made to the 401(k) plan at J.B. Hunt Transport Services?

Yes, J.B. Hunt Transport Services provides a company match for employee contributions to the 401(k) plan, subject to certain limits.

How can employees at J.B. Hunt Transport Services enroll in the 401(k) plan?

Employees at J.B. Hunt Transport Services can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

What is the eligibility requirement for employees to participate in the 401(k) plan at J.B. Hunt Transport Services?

Employees at J.B. Hunt Transport Services typically need to be at least 21 years old and have completed a specified period of service to be eligible for the 401(k) plan.

How often can employees change their contribution rate to the 401(k) plan at J.B. Hunt Transport Services?

Employees at J.B. Hunt Transport Services can change their contribution rate to the 401(k) plan at any time, subject to plan rules.

What investment options are available in the 401(k) plan at J.B. Hunt Transport Services?

J.B. Hunt Transport Services offers a variety of investment options in its 401(k) plan, including mutual funds, target-date funds, and other investment vehicles.

Can employees take loans against their 401(k) balance at J.B. Hunt Transport Services?

Yes, J.B. Hunt Transport Services allows employees to take loans against their 401(k) balance, subject to the plan's terms and conditions.

What happens to an employee's 401(k) balance if they leave J.B. Hunt Transport Services?

If an employee leaves J.B. Hunt Transport Services, they can choose to roll over their 401(k) balance to another retirement account, cash out, or leave the funds in the J.B. Hunt plan if permitted.

Does J.B. Hunt Transport Services offer any financial education resources for employees regarding their 401(k)?

Yes, J.B. Hunt Transport Services provides financial education resources and tools to help employees understand and manage their 401(k) plans effectively.

Are there any fees associated with the 401(k) plan at J.B. Hunt Transport Services?

Yes, there may be administrative fees and investment-related fees associated with the 401(k) plan at J.B. Hunt Transport Services, which are disclosed in the plan documents.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Name of Pension Plan: J.B. Hunt Transport Services does not offer a traditional defined benefit pension plan. Instead, the company primarily provides a 401(k) retirement savings plan. Eligibility Criteria: J.B. Hunt Transport Services offers a 401(k) plan to eligible employees. The eligibility for the 401(k) plan typically depends on the employee's length of service and other criteria set by the company. Pension Formula: Since J.B. Hunt does not have a defined benefit pension plan, there is no pension formula applicable. Name of 401(k) Plan: The 401(k) plan offered by J.B. Hunt Transport Services is known as the "J.B. Hunt 401(k) Plan." Eligibility Criteria: Employees typically become eligible to participate in the 401(k) plan after completing a specific waiting period, which is usually outlined in the company's employee benefits documentation.

Restructuring and Layoffs: J.B. Hunt announced a restructuring plan in early 2024 aimed at improving operational efficiency. This plan included reducing its workforce by approximately 5% in response to changing market conditions and the need for operational optimization. The company indicated that the layoffs were part of a broader strategy to streamline operations and enhance profitability. This news is particularly important to address in the current economic environment as companies navigate uncertainties and seek to adapt to market changes. Understanding these adjustments can provide insights into how businesses are managing financial pressures and restructuring to remain competitive.

2022: J.B. Hunt offered stock options and RSUs to employees as part of their compensation package. Stock options were granted primarily to executives and senior management, while RSUs were available to a broader group including mid-level managers. 2023: The company continued offering RSUs to a broader group of employees, including those in mid-level positions and above. Stock options were less commonly granted, with a focus on key executive positions. 2024: J.B. Hunt's RSU program was expanded to include more employees, reflecting a trend towards broader equity compensation. Stock options remained targeted at senior executives and key personnel.

Healthcare Benefits Page: This section often includes comprehensive details about employee benefits, including health insurance options, wellness programs, and any recent updates. Company Blog/News Section: Recent announcements or changes related to employee benefits may be highlighted here