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

ADT Employees: Navigating the Complexities of Extended Care Costs in Retirement

Healthcare Provider Update: Healthcare Provider for ADT: ADT primarily partners with major health insurance providers to offer its employees comprehensive healthcare coverage. Among these providers are UnitedHealthcare and Anthem Blue Cross Blue Shield, both of which are known for their extensive networks and various plan options that cater to different healthcare needs. Healthcare Cost Increases for 2026: In 2026, health insurance premiums for plans obtained through the Affordable Care Act (ACA) marketplace are poised for significant increases, with many states projecting hikes that could exceed 60%. Factors contributing to this surge include rising medical costs and the anticipated expiration of enhanced federal premium subsidies, which could result in over 22 million marketplace enrollees facing out-of-pocket premium increases of up to 75%. As leading insurers report substantial earnings, ADT employees considering their healthcare options in 2026 should prepare for a financial landscape that may demand strategic planning to mitigate rising costs. Click here to learn more

Addressing the potential risks of extended-term care expenses may be one of the biggest financial challenges for ADT employees who are developing a retirement strategy.

Seven in ten ADT employees over age 65 can expect to need extended care services at some point in their lives. So understanding the various types of extended care services – and what those services may cost – is critical as you consider your retirement approach.

What Is Extended Care?

Extended care is not a single activity. It refers to a variety of medical and non–medical services needed by those who have a chronic illness or disability – most commonly associated with aging.

Extended care can include everything from assistance with activities of daily living – help dressing, bathing, using the bathroom, or even driving to the store – to more intensive therapeutic and medical care requiring the services of skilled medical personnel.

Extended care may be provided at home, at a community center, in an assisted living facility, or in a skilled nursing home. And extended care is not exclusively for the elderly; it is possible to need extended care at any age.

How Much Does Extended Care Cost?

Extended care costs vary state by state and region by region. The 2021 national average for care in a skilled care facility (single occupancy in a nursing home) was $108,405 a year. The national average for care in an assisted living center (single occupancy) was $54,000 a year. Home health aides cost a median of $27 per hour, but that rate may increase when a licensed nurse is required.

What Are the Payment Choices?

Often, extended care is provided by family and friends. Providing care can be a burden, however, and the need for assistance tends to increase with age.

ADT employees who would rather not burden their family and friends have two main choices for covering the cost of extended care: they can choose to self-insure or they can purchase extended care insurance.

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Many self-insure by default – simply because they haven't made other arrangements. Those who self-insure may depend on personal savings and investments to fund any extended care needs. The other approach is to consider purchasing extended care insurance, which can cover all levels of care, from skilled care to custodial care to in-home assistance.

When it comes to addressing your extended care needs, many look to select a strategy that may help them protect assets, preserve dignity, and maintain independence. If those concepts are important to you, consider your approach to extended care.

GenWorth.com, 2022

ACL.gov, 2022

What is the ADT 401(k) Savings Plan?

The ADT 401(k) Savings Plan is a retirement savings plan that allows employees to save a portion of their paycheck for retirement on a tax-deferred basis.

Who is eligible to participate in ADT's 401(k) Savings Plan?

All full-time employees of ADT are eligible to participate in the 401(k) Savings Plan after completing a specified period of service.

How can I enroll in ADT's 401(k) Savings Plan?

You can enroll in ADT's 401(k) Savings Plan by accessing the enrollment portal through the ADT employee benefits website or contacting HR for assistance.

What types of contributions can I make to ADT's 401(k) Savings Plan?

Employees can make pre-tax contributions, Roth (after-tax) contributions, and, in some cases, catch-up contributions if they are age 50 or older.

Does ADT match contributions to the 401(k) Savings Plan?

Yes, ADT offers a matching contribution to the 401(k) Savings Plan, which is designed to help employees maximize their retirement savings.

What is the vesting schedule for ADT's 401(k) matching contributions?

The vesting schedule for ADT's matching contributions typically follows a graded vesting schedule, where employees become fully vested after a certain number of years of service.

Can I take a loan from my ADT 401(k) Savings Plan?

Yes, ADT allows employees to take loans from their 401(k) Savings Plan, subject to specific terms and conditions outlined in the plan document.

What happens to my ADT 401(k) Savings Plan if I leave the company?

If you leave ADT, you have several options for your 401(k) Savings Plan, including rolling it over to another retirement account, leaving it with ADT, or cashing it out (subject to taxes and penalties).

How often can I change my contribution rate to ADT's 401(k) Savings Plan?

Employees can change their contribution rate to ADT's 401(k) Savings Plan at any time, subject to the plan's guidelines.

Are there investment options available in ADT's 401(k) Savings Plan?

Yes, ADT's 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

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

This news is crucial as it indicates ADT's focus on reducing debt and optimizing operations, which can impact their financial stability and investor confidence in a volatile economic environment (ADT Investor).