Empowering Women at APi Group: 4 Essential Retirement Strategies to Consider

Healthcare Provider Update: Healthcare Provider for APi Group APi Group employs a comprehensive approach to employee benefits, which includes providing healthcare coverage through various plans typically managed by major national insurers such as UnitedHealthcare, Cigna, and Anthem. The specific policies may vary based on the needs of the employees and the locations of service, but this collaboration ensures that its workforce has access to a range of healthcare options. Potential Healthcare Cost Increases in 2026 As we approach 2026, healthcare costs are projected to surge significantly, primarily driven by a perfect storm of factors. With medical costs expected to rise by approximately 8.5% for group plans and 7.5% for individual plans, employers and enrollees alike may feel the financial strain. The anticipated impacts of expiring federal subsidies for the Affordable Care Act could lead to more than 22 million enrollees facing out-of-pocket premium increases as high as 75%. Concurrently, health insurers are implementing aggressive rate hikes, further compounding the challenges posed to consumers already grappling with rising medical expenses. Click here to learn more

Preparing for retirement at APi Group can look a little different for women than it does for men. Although stereotypes are changing, women are still more likely to serve as caretakers than men are, meaning they may accumulate less income and benefits due to their time absent from the workforce. Research shows that 31% of women are currently or have been caregivers during their careers. Women who are working also tend to put less money aside for retirement. According to one report, women contribute 30% less to their retirement accounts than men.

These numbers may seem overwhelming, but you don’t have to be a statistic. With a little foresight, you can start taking steps now, which may help you in the long run. Here are three steps to consider that may put APi Group employees ahead of the curve.

•  Talk about money.  Nowadays, discussing money is less taboo than it’s been in the past, and it’s crucial to take control of your financial future. If you’re single, consider writing down your retirement goals and keeping them readily accessible. If you have a partner, make sure you are both on the same page regarding your retirement goals. The more comfortably you can talk about your future, the more confident you may be to make important decisions when they come up.
•  Be proactive about your retirement after APi Group.  Do you have clear, defined goals for what you want your retirement to look like? And do you know where your APi Group retirement accounts stand today? Being proactive with your APi Group retirement accounts allows you to create a goal-oriented roadmap. It may also help to adapt when necessary and continue their journey regardless of things like relationship status or market fluctuations.
•  Make room for your future in your budget.  Adjust your budget to allow for retirement savings, just as you would for a new home or your dream vacation. Like any of your other financial goals, you may find it beneficial to review your retirement goals on a regular basis to make sure you’re on track.

• Retirement may look a little different for women, but with the right strategies – and support – you’ll be able to live the retirement you’ve always dreamed of.

•  Transamerica.com, 2021

•  GAO.gov, 2021

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