Healthcare Provider Update: Qurate Retail Healthcare Provider and 2026 Cost Increases Healthcare Provider for Qurate Retail: Qurate Retail collaborates with various health insurance providers for its employee health benefits, which commonly include major insurers such as UnitedHealthcare and Cigna. This enables employees to access a range of healthcare services and coverage plans. Potential Healthcare Cost Increases in 2026: As we approach 2026, healthcare costs are anticipated to rise significantly, primarily driven by expiring federal premium subsidies and escalating medical expenses. Projections indicate that health insurance premiums within the Affordable Care Act (ACA) marketplace could surge by over 75% for many enrollees without congressional intervention. States like New York may see hikes of up to 66%, while employer-sponsored insurance is expected to increase by approximately 8.5%. This financial strain will challenge households, particularly as insurance companies report substantial profits even while raising rates, fueling concerns over access to affordable healthcare. 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 Qurate Retail 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 Qurate Retail 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 Qurate Retail employees who already put money away for college, the worksheet will take that amount into consideration. For Qurate Retail 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 Qurate Retail 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
What type of retirement savings plan does Qurate Retail offer to its employees?
Qurate Retail offers a 401(k) retirement savings plan to its employees.
Does Qurate Retail match employee contributions to the 401(k) plan?
Yes, Qurate Retail provides a matching contribution to employee contributions made to the 401(k) plan.
At what age can employees at Qurate Retail start participating in the 401(k) plan?
Employees at Qurate Retail can start participating in the 401(k) plan as soon as they meet the eligibility requirements, typically at age 21.
How can Qurate Retail employees enroll in the 401(k) plan?
Qurate Retail employees can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
What investment options are available in the Qurate Retail 401(k) plan?
The Qurate Retail 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Is there a vesting schedule for the Qurate Retail 401(k) matching contributions?
Yes, Qurate Retail has a vesting schedule for matching contributions, which means employees must work for a certain period to fully own the employer contributions.
Can Qurate Retail employees take loans against their 401(k) savings?
Yes, Qurate Retail allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.
What is the maximum contribution limit for the Qurate Retail 401(k) plan?
The maximum contribution limit for the Qurate Retail 401(k) plan is in line with the IRS guidelines, which are updated annually.
Does Qurate Retail offer financial education resources for employees regarding the 401(k) plan?
Yes, Qurate Retail provides financial education resources and workshops to help employees understand their 401(k) options and investment strategies.
Are there penalties for early withdrawal from the Qurate Retail 401(k) plan?
Yes, there are typically penalties for early withdrawal from the Qurate Retail 401(k) plan, in accordance with IRS regulations.