Healthcare Provider Update: Healthcare Provider for Teleflex: Teleflex Inc. primarily operates as a healthcare technology company, providing medical devices that support improved patient outcomes. While Teleflex does not have its own healthcare provider services, it partners with various healthcare systems to supply its products, such as Arrow and others, to hospitals and providers across the globe. Potential Healthcare Cost Increases in 2026: As Teleflex prepares for 2026, employees should brace for significant healthcare cost increases. With the expiration of enhanced federal subsidies under the Affordable Care Act, many could see their premiums rise dramatically-some states predicting hikes over 60%. Coupled with consistently escalating medical costs, driven by factors like higher drug prices and labor shortages, Teleflex employees may have to absorb a greater share of these expenses, particularly as companies increasingly lean toward shifting costs onto workers. Strategic adjustments in benefits and plan selections will be crucial in navigating the financial landscape of healthcare in the coming year. Click here to learn more
Are Teleflex employees responsible for the damage caused by a tree on their property that hits their neighbor’s home or other insured structure, such as a garage or shed?
In most cases, the answer is “no.”
When such damage occurs to your neighbor’s home due to forces outside your control (e.g., weather events), your neighbors may have to file a claim with their insurer to receive a reimbursement for the damage a fallen down tree caused.
There is one exception, however.
If it is determined that the tree damage stems from your negligence (e.g., dead limbs that you refused to cut down, or you chose to trim your tree as a weekend project), then the neighbor’s insurer may come after you to recover their loss—a process called subrogation.¹
You may want to check your policy or speak to your insurance agent to ascertain if your homeowner's policy covers your liability in cases of negligence.
When Neighbors Sue
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Some neighbors may seek to bring legal action against you, though often that is unnecessary.
For those working at Teleflex, determine what municipal laws are in place to cover such instances. Generally speaking, you are not responsible unless you knew, or should have known, about the danger. Proving what you knew or should have known can be difficult and costly in a court of law. It typically benefits both parties to arrive at a compromise that avoids an expensive legal process.
The information in this material is not intended as legal advice. Please consult legal or insurance professionals for specific information regarding your individual situation.
What is the primary purpose of Teleflex's 401(k) Savings Plan?
The primary purpose of Teleflex's 401(k) Savings Plan is to help employees save for retirement by allowing them to contribute a portion of their salary on a pre-tax or after-tax basis.
How can Teleflex employees enroll in the 401(k) Savings Plan?
Teleflex employees can enroll in the 401(k) Savings Plan through the company's benefits portal or by contacting the HR department for assistance.
Does Teleflex offer a matching contribution for its 401(k) Savings Plan?
Yes, Teleflex offers a matching contribution to the 401(k) Savings Plan, which helps employees boost their retirement savings.
What types of investment options are available in Teleflex's 401(k) Savings Plan?
Teleflex's 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles tailored to meet different risk tolerances.
At what age can Teleflex employees start withdrawing from their 401(k) Savings Plan without penalties?
Teleflex employees can start withdrawing from their 401(k) Savings Plan without penalties at age 59½, provided they meet the plan's other requirements.
Can Teleflex employees take loans against their 401(k) Savings Plan balance?
Yes, Teleflex allows employees to take loans against their 401(k) Savings Plan balance under certain conditions, as outlined in the plan document.
What happens to a Teleflex employee's 401(k) Savings Plan if they leave the company?
If a Teleflex employee leaves the company, they have several options for their 401(k) Savings Plan, including rolling it over to another retirement account, cashing it out, or leaving it with Teleflex.
How often can Teleflex employees change their contribution rate to the 401(k) Savings Plan?
Teleflex employees can change their contribution rate to the 401(k) Savings Plan at any time, subject to the plan's guidelines and payroll processing schedules.
Is there a vesting schedule for Teleflex's matching contributions to the 401(k) Savings Plan?
Yes, Teleflex has a vesting schedule for its matching contributions, meaning employees must work for a certain period before they fully own the employer contributions.
Can Teleflex employees access their 401(k) Savings Plan funds in case of financial hardship?
Yes, Teleflex employees may be eligible to take hardship withdrawals from their 401(k) Savings Plan under specific circumstances defined by the plan.