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

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AppLovin Employees: Navigating the Essentials of Medicare Advantage Plans for Your Retirement Health Needs

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Healthcare Provider Update: Healthcare Provider for AppLovin: AppLovin utilizes the services of various healthcare providers for its employees, with a significant partnership with a national insurer such as UnitedHealthcare. This collaboration ensures that employees have access to a range of healthcare services and support. Potential Healthcare Cost Increases in 2026: In 2026, AppLovin employees may face significant increases in healthcare costs, influenced largely by dramatic premium hikes in the Affordable Care Act (ACA) marketplace. With some states anticipating rate increases of over 60%, many individuals could see their monthly premiums soar. The potential expiration of enhanced federal subsidies adds to the urgency for employees to evaluate their healthcare options carefully. Employers are likely to pass on a greater share of these escalating costs, prompting AppLovin workers to reassess their benefit selections in light of rising expenses and prepare to mitigate possible financial impacts in the coming year. Click here to learn more

Medicare Advantage, sometimes known as “Part C,” is something of a catch-all choice for AppLovin employees who are ready to sign up for Medicare. Medicare Advantage plans are offered by private insurers in conjunction with the Medicare program and can provide you with additional health insurance coverage.

What’s in them?
In addition to signing up for Medicare Part A (hospital stays) and Part B (medical coverage), Medicare Advantage plans offer their subscribers extra features. This frequently, but not always, includes the Medicare Part D prescription drug plan. In some cases, Medicare Advantage plans offer coverage for areas not normally offered within regular Medicare plans. This can include dental, hearing, and vision insurance.

What are the rules?
Medicare pays for a fixed amount of your health care to AppLovin offering your Medicare Advantage (MA) plan. Beyond that, each MA plan requires different out-of-pocket fees. Those fees can vary from plan to plan. Depending on your plan, you may have different rules you need to follow when seeking a medical referral to get treatment from a specialist or if you are seeking non-urgent care (even from health care providers within the plan). It’s also important to remember that rules, requirements, and features may change from year to year. It will be important to make sure that those changes line up with any treatment that you need.

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What about my prescriptions?
While most MA plans offer Part D coverage for prescription drugs, some don’t. One example would be Medicare Medical Savings Account plans. In cases where the plan can’t or chooses not to offer prescription drug coverage, you may have the ability to join a separate Medicare Prescription Drug Plan, depending on the type of plan you enroll in. You will likely have a number of questions and concerns as you examine your options for Medicare Advantage plans. Discuss these with a trusted financial professional who can help you make choices that may best fit your lifestyle.

1. Medicare.gov, 2022

What type of retirement plan does AppLovin offer to its employees?

AppLovin offers a 401(k) retirement savings plan to help employees save for their future.

Does AppLovin match employee contributions to the 401(k) plan?

Yes, AppLovin provides a matching contribution to employee 401(k) accounts, enhancing their retirement savings.

What is the eligibility requirement to participate in AppLovin's 401(k) plan?

Employees at AppLovin are eligible to participate in the 401(k) plan after completing a specified period of employment, typically within the first year.

Can employees at AppLovin choose how to invest their 401(k) contributions?

Yes, AppLovin allows employees to choose from a variety of investment options within the 401(k) plan to align with their financial goals.

What is the maximum contribution limit for AppLovin's 401(k) plan?

Employees can contribute up to the IRS limit for 401(k) contributions, which is adjusted annually; AppLovin provides guidance on these limits.

Is there a vesting schedule for the employer match at AppLovin?

Yes, AppLovin has a vesting schedule for employer contributions, meaning employees must work for a certain period before they fully own the matched funds.

How often can employees at AppLovin change their 401(k) contribution amounts?

Employees at AppLovin can change their contribution amounts at designated times throughout the year, typically during open enrollment periods.

Does AppLovin offer any financial education resources regarding the 401(k) plan?

Yes, AppLovin provides access to financial education resources and tools to help employees make informed decisions about their 401(k) investments.

Can AppLovin employees take loans against their 401(k) savings?

Yes, AppLovin allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.

What happens to my 401(k) savings if I leave AppLovin?

If you leave AppLovin, you can roll over your 401(k) savings to another retirement account, withdraw the funds, or leave the savings in the AppLovin plan, depending on the plan's rules.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
AppLovin has recently announced a significant restructuring plan, including a reduction of its workforce by 10%. The company is also adjusting its benefit packages and scaling down some of its growth initiatives. For further details, you can visit TheLayoff and other financial news sources.
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For more information you can reach the plan administrator for AppLovin at 849 High St Palo Alto, CA 94301; or by calling them at (650) 353-5090.

*Please see disclaimer for more information

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