Healthcare Provider Update: Healthcare Provider for Paramount Global Paramount Global primarily offers healthcare benefits through its arrangements with major insurers. Employees often access health insurance through the Affordable Care Act (ACA) marketplace as well as employer-sponsored health plans, provided by companies like UnitedHealthcare, which is among the top insurers in the nation. Potential Healthcare Cost Increases for 2026 As premiums for Affordable Care Act (ACA) marketplace plans are projected to surge in 2026, employees of Paramount Global should brace for a significant rise in healthcare costs. Some states may see increases exceeding 60%, driven by a combination of expiring federal subsidies and escalating medical costs. Without congressional intervention, nearly 92% of marketplace enrollees could experience premium hikes of up to 75%, placing added financial pressure on employees reliant on these plans. It is crucial for workers to stay informed and consider their options carefully to mitigate the impact of these potential increases. Click here to learn more
Preparing for retirement at Paramount Global 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 Paramount Global 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 Paramount Global. Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Paramount Global retirement accounts stand today? Being proactive with your Paramount Global 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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What type of retirement savings plan does Paramount Global offer to its employees?
Paramount Global offers a 401(k) retirement savings plan to its employees.
Is there a company match for contributions made to the 401(k) plan at Paramount Global?
Yes, Paramount Global provides a company match for employee contributions to the 401(k) plan, subject to certain limits.
How can employees at Paramount Global enroll in the 401(k) plan?
Employees at Paramount Global can enroll in the 401(k) plan through the company's benefits portal or by contacting the HR department for assistance.
What is the eligibility requirement for participating in the 401(k) plan at Paramount Global?
Employees must meet specific eligibility criteria, such as age and length of service, to participate in the 401(k) plan at Paramount Global.
Can employees at Paramount Global take loans against their 401(k) savings?
Yes, Paramount Global allows employees to take loans against their 401(k) savings, subject to the plan's terms and conditions.
What investment options are available in the Paramount Global 401(k) plan?
The Paramount Global 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.
How often can employees at Paramount Global change their 401(k) contribution amount?
Employees at Paramount Global can change their 401(k) contribution amount at any time, typically during open enrollment or through the benefits portal.
Does Paramount Global provide educational resources for employees regarding their 401(k) plan?
Yes, Paramount Global offers educational resources and workshops to help employees understand and manage their 401(k) savings effectively.
What happens to the 401(k) savings if an employee leaves Paramount Global?
If an employee leaves Paramount Global, they have several options for their 401(k) savings, including rolling it over to another retirement account or cashing it out, subject to taxes and penalties.
Is there a vesting schedule for the company match in the Paramount Global 401(k) plan?
Yes, there is a vesting schedule for the company match in the Paramount Global 401(k) plan, which determines when employees fully own the matched funds.