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

Dell Technologies Employees: Navigating the Complexities of Extended Care Costs in Retirement

Healthcare Provider Update: Healthcare Provider for Dell Technologies Dell Technologies provides its employees with healthcare coverage through a variety of plans. The primary healthcare provider associated with Dell is UnitedHealthcare, which offers comprehensive health insurance options to Dell employees, focusing on coverage that fits a range of healthcare needs. Healthcare Cost Increases in 2026 As Dell Technologies employees prepare for 2026, they should anticipate significant increases in healthcare costs driven by rising ACA marketplace premiums. Many states are projecting steep hikes, with some rates soaring over 60%. Key factors behind this surge include the potential expiration of enhanced federal subsidies, escalating medical inflation, and considerable rate increases from major insurers. For Dell employees, these challenges may lead to a greater share of healthcare expenses, warranting a proactive approach in reviewing benefits and planning for the financial implications of these changes. Click here to learn more

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

Seven in ten Dell Technologies 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.

Dell Technologies 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.

Featured Video

Articles you may find interesting:

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 Dell Technologies 401(k) Savings Plan?

The Dell Technologies 401(k) Savings Plan is a retirement savings plan that allows employees to save for their future by contributing a portion of their salary on a pre-tax or after-tax basis.

How can I enroll in the Dell Technologies 401(k) Savings Plan?

Employees can enroll in the Dell Technologies 401(k) Savings Plan through the employee benefits portal or by contacting the HR department for assistance.

What types of contributions can I make to the Dell Technologies 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 Dell Technologies offer a company match for the 401(k) Savings Plan?

Yes, Dell Technologies provides a company match on employee contributions to the 401(k) Savings Plan, which helps employees save more for retirement.

What is the vesting schedule for the Dell Technologies company match in the 401(k) Savings Plan?

The vesting schedule for the company match in the Dell Technologies 401(k) Savings Plan typically follows a graded vesting schedule over a period of years.

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

Yes, Dell Technologies allows employees to take loans from their 401(k) Savings Plan, subject to certain terms and conditions.

What investment options are available in the Dell Technologies 401(k) Savings Plan?

The Dell Technologies 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.

How often can I change my contribution amount to the Dell Technologies 401(k) Savings Plan?

Employees can change their contribution amount to the Dell Technologies 401(k) Savings Plan at any time, typically through the employee benefits portal.

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

If you leave Dell Technologies, you have several options for your 401(k) Savings Plan, including rolling it over to an IRA or a new employer’s plan, or cashing it out (though this may have tax implications).

Is there a minimum contribution requirement for the Dell Technologies 401(k) Savings Plan?

Yes, Dell Technologies may have a minimum contribution requirement for participation in the 401(k) Savings Plan, which is typically outlined 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.

Dell Technologies provides a 401(k) plan with a generous company match. Employees have access to a range of investment options and financial planning resources.

Dell Technologies grants RSUs to its executives and key employees. RSUs vest over a period of three to four years, aligning employee interests with company success.

Additional Articles

Check Out Articles for Dell Technologies employees

For more information you can reach the plan administrator for Dell Technologies at One Dell Way Round Rock, TX 78682; or by calling them at (512) 338-4400.