What AppLovin Employees Should Know About Caring for Aging Parents
Healthcare Provider Update: Healthcare Provider for AppLovin:
AppLovin utilizes the services of various healthcare providers for its employees, with a significant partnership with a national insurer such as UnitedHealthcare. This collaboration ensures that employees have access to a range of healthcare services and support.
Potential Healthcare Cost Increases in 2026:
In 2026, AppLovin employees may face significant increases in healthcare costs, influenced largely by dramatic premium hikes in the Affordable Care Act (ACA) marketplace. With some states anticipating rate increases of over 60%, many individuals could see their monthly premiums soar. The potential expiration of enhanced federal subsidies adds to the urgency for employees to evaluate their healthcare options carefully. Employers are likely to pass on a greater share of these escalating costs, prompting AppLovin workers to reassess their benefit selections in light of rising expenses and prepare to mitigate possible financial impacts in the coming year.
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'Many AppLovin employees underestimate how caregiving responsibilities may influence their long-term planning. To prepare thoughtfully and involve the right professionals, it's important to start these conversations early.' — Paul Bergeron, a representative of The Retirement Group, a division of Wealth Enhancement.
'Many AppLovin employees face unexpected pressure when aging parent responsibilities arise. I believe early planning and open family communication can help households navigate these challenges with greater clarity.' — Tyson Mavar, a representative of The Retirement Group, a division of Wealth Enhancement.
In this article, we will discuss:
Key warning signs that aging parents may need additional support.
Essential legal and health care preparations to help families stay organized.
How to coordinate family involvement and emotional readiness during caregiving.
Many AppLovin employees in their mid-50s to early 60s come to discover that their retirement planning may have to expand to include the needs of their aging parents. As America’s population grows older, adult children frequently take on caregiving responsibilities for parents facing health issues, financial weaknesses, and cognitive decline. These realities influence family dynamics, investments, estate planning, taxes, and emotional well-being.
“Your parents' financial vulnerabilities become your financial stress unless you plan ahead and take a proactive role,” explains Brent Wolf, CFP®, an advisor at Wealth Enhancement.
Below are key considerations for individuals ages 55 to 65 who are preparing to support elderly parents.
1. Recognize the Early Signs of Cognitive Decline
For many families, cognitive decline in an aging parent typically appears gradually. Early warning signs may include:
- Repeatedly forgetting conversations
- Missing or duplicating bill payments
- Confusion about routine transactions
- Financial decisions influenced by new “friends”
- Unusual wire transfers or unexpected spending changes
Your role is not to diagnose—your role is to observe and speak up early. By addressing concerns promptly, you, your family, and your advisory team can potentially help mitigate the risk of future financial or cognitive harm.
2. Put Durable Power of Attorney and a Trusted Contact in Place
If a parent becomes cognitively impaired without a durable power of attorney, families often face a costly, lengthy conservatorship process. AppLovin employees can address this by planning ahead.
Consider getting the following key documents in place:
- A trusted contact authorization
- Durable Power of Attorney for finances
- HIPAA releases and health care power of attorney
- Updated beneficiary designations, wills, and trusts
These steps can help reduce uncertainty and lessen the risk of financial exploitation should a parent become more vulnerable.
3. Prepare for Health Care Shock: Medicare Has Gaps
Many households are surprised by how much Medicare does not cover. Common out-of-pocket costs include:
- Long-term custodial care (memory care, assisted living, in-home support)
- Prescription drugs
- Private caregivers and care managers
- Out-of-pocket deductibles and co-pays
To plan effectively, AppLovin employees should understand:
- What your parents’ insurance covers
- Their likely care expenses
- Whether self-funding or long-term care strategies may fit
- Whether Medicaid planning (with its five-year look-back) should begin early
Health care decisions become more urgent if cognitive decline is a concern.
4. Guard Your Parents Against Financial Abuse
Financial abuse is a growing threat for older adults—including parents of AppLovin employees. Common scams include:
- Romance schemes
- Fake IRS, FedEx, or government calls
- “Grandchild in trouble” scams
- Caregiver misconduct
- Pressure from acquaintances or distant relatives
- Fraudulent investment pitches
Adult children often hesitate to intervene, but silence can increase risk. Advisors can help monitor accounts, identify unusual activity, and place temporary holds when needed.
5. Organize the “Invisible” Parts of Their Financial Life
By age 80, even financially experienced parents may struggle to keep up with routine obligations such as:
- Required minimum distributions
- Quarterly tax payments
- Charitable documentation
- Insurance renewals
- Online passwords
- Property tax deadlines
- Portfolio withdrawal planning
Advisors can help reduce errors by automating tasks, consolidating accounts, and simplifying processes.
6. Bring the Entire Family Into the Conversation Early
The most challenging situations often arise when adult children learn of issues only after a crisis. AppLovin employees may benefit from:
- Annual family meetings
- Clear conversations about parents’ wishes
- Defined caregiving and financial roles
- Discussions around independence and dignity
Proactive communication may helps mitigate conflict and avoid last-minute decisions during emergencies.
7. Prepare Yourself Emotionally and Financially
Caring for aging parents can influence:
- Retirement timing
- Your ability to continue working
- Your cash flow
- Your mental and emotional resilience
Advisors can help you develop:
- A dedicated “parent care fund”
- Tax-efficient withdrawal strategies
- Cash flow outlines that factor in elder care
- Estate plans that reflect multigenerational needs
With thoughtful planning, supporting your parents does not have to disrupt your retirement goals—even for AppLovin employees navigating complex benefits.
8. Build a Team-Based Approach
Families caring for elderly parents often benefit from a coordinated team that may include:
- A financial advisor
- An attorney with experience working with seniors
- Tax specialist
- Geriatric care manager
- Estate planning attorney
- Health care advocates
Working together, these professionals can help manage risk for both parents and adult children through a unified strategy.
Conclusion
Aging is inevitable—but it does not have to create chaos. Early planning, while parents are still capable, can lessen emotional strain, help minimize family conflict, and ideally reduce the likelihood of financial harm.
“The best gift you can give your aging parents is structure, clarity, and a financial advocate who supports them when they can no longer support themselves,” says Brent Wolf.
For AppLovin employees ages 55 to 65, now is the time to act.
Taking the Next Step
The Retirement Group can help you design a Parent Care Plan that includes financial oversight, health care review, legal preparation, and fraud monitoring.
To speak with a team member who can guide you through each stage of the process, call
(800) 900-5867
.
We are here to support you, your parents, and your family through every stage of life.
What type of retirement plan does AppLovin offer to its employees?
AppLovin offers a 401(k) retirement savings plan to help employees save for their future.
Does AppLovin match employee contributions to the 401(k) plan?
Yes, AppLovin provides a matching contribution to employee 401(k) accounts, enhancing their retirement savings.
What is the eligibility requirement to participate in AppLovin's 401(k) plan?
Employees at AppLovin are eligible to participate in the 401(k) plan after completing a specified period of employment, typically within the first year.
Can employees at AppLovin choose how to invest their 401(k) contributions?
Yes, AppLovin allows employees to choose from a variety of investment options within the 401(k) plan to align with their financial goals.
What is the maximum contribution limit for AppLovin's 401(k) plan?
Employees can contribute up to the IRS limit for 401(k) contributions, which is adjusted annually; AppLovin provides guidance on these limits.
Is there a vesting schedule for the employer match at AppLovin?
Yes, AppLovin has a vesting schedule for employer contributions, meaning employees must work for a certain period before they fully own the matched funds.
How often can employees at AppLovin change their 401(k) contribution amounts?
Employees at AppLovin can change their contribution amounts at designated times throughout the year, typically during open enrollment periods.
Does AppLovin offer any financial education resources regarding the 401(k) plan?
Yes, AppLovin provides access to financial education resources and tools to help employees make informed decisions about their 401(k) investments.
Can AppLovin employees take loans against their 401(k) savings?
Yes, AppLovin allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.
What happens to my 401(k) savings if I leave AppLovin?
If you leave AppLovin, you can roll over your 401(k) savings to another retirement account, withdraw the funds, or leave the savings in the AppLovin plan, depending on the plan's rules.
With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
AppLovin has recently announced a significant restructuring plan, including a reduction of its workforce by 10%. The company is also adjusting its benefit packages and scaling down some of its growth initiatives. For further details, you can visit TheLayoff and other financial news sources.
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