Healthcare Provider Update: Nu Skin Enterprises offers healthcare benefits to its employees through various providers, primarily collaborating with large national insurers. For 2026, Nu Skin Enterprises employees should prepare for potential healthcare costs to rise significantly. Record premium increases are anticipated, particularly within the Affordable Care Act marketplace; some states may see hikes exceeding 60%. Contributing factors include escalating medical costs, the potential expiration of enhanced federal premium subsidies, and aggressive rate increases from major insurers. As many companies consider shifting a greater share of healthcare expenses onto employees, Nu Skin's workers might face larger out-of-pocket costs, making it crucial for them to stay informed about benefit adjustments and optimize their healthcare plan selections. 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 Nu Skin Enterprises 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 Nu Skin Enterprises 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 Nu Skin Enterprises employees who already put money away for college, the worksheet will take that amount into consideration. For Nu Skin Enterprises 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 Nu Skin Enterprises employees to consider reviewing:
www.studentaid.ed.gov
The government’s college and financial aid portal.
Featured Video
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!
www.collegeboard.org
The group that administers the SAT test.
Estimating the Cost of College
What type of retirement savings plan does Nu Skin Enterprises offer to its employees?
Nu Skin Enterprises offers a 401(k) retirement savings plan to help employees save for their future.
Is participation in the 401(k) plan at Nu Skin Enterprises mandatory?
No, participation in the 401(k) plan at Nu Skin Enterprises is voluntary, allowing employees to choose whether or not to enroll.
What is the employer match policy for the 401(k) plan at Nu Skin Enterprises?
Nu Skin Enterprises provides a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.
How can employees at Nu Skin Enterprises enroll in the 401(k) plan?
Employees at Nu Skin Enterprises can enroll in the 401(k) plan through the company’s HR portal during designated enrollment periods.
What are the contribution limits for the 401(k) plan at Nu Skin Enterprises?
The contribution limits for the 401(k) plan at Nu Skin Enterprises are set in accordance with IRS guidelines, which can change annually.
Can employees at Nu Skin Enterprises take loans against their 401(k) savings?
Yes, employees at Nu Skin Enterprises may have the option to take loans against their 401(k) savings, subject to specific plan rules.
What investment options are available in the Nu Skin Enterprises 401(k) plan?
The 401(k) plan at Nu Skin Enterprises offers a variety of investment options, including mutual funds and target-date funds, to suit different risk tolerances.
How often can employees at Nu Skin Enterprises change their 401(k) contribution amounts?
Employees at Nu Skin Enterprises can change their 401(k) contribution amounts at any time, subject to the plan’s guidelines.
What happens to the 401(k) savings if an employee leaves Nu Skin Enterprises?
If an employee leaves Nu Skin Enterprises, they have several options for their 401(k) savings, including rolling it over to another retirement account or cashing it out.
Does Nu Skin Enterprises provide educational resources for employees regarding their 401(k) plan?
Yes, Nu Skin Enterprises offers educational resources and workshops to help employees understand their 401(k) plan and make informed investment decisions.