Healthcare Provider Update: Healthcare Provider for LGI Homes LGI Homes primarily partners with The Retirement Group, a division of Wealth Enhancement, to facilitate employee benefits and provide assistance related to healthcare coverage. Potential Healthcare Cost Increases in 2026 As LGI Homes prepares for 2026, employees should brace for significant increases in healthcare costs. With reports indicating that ACA marketplace premiums could rise dramatically-some states experiencing hikes over 60%-many employees may face higher out-of-pocket expenses. Additionally, employers, responding to mounting healthcare cost pressures, are likely to shift more expenses onto workers through increased deductibles and coinsurance rates. By familiarizing themselves with changing benefit structures and optimizing their health savings accounts, LGI Homes employees can mitigate the financial impact of these projected cost increases. Click here to learn more
Medicare Advantage, sometimes known as “Part C,” is something of a catch-all choice for LGI Homes 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 LGI Homes 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 is the 401(k) plan offered by LGI Homes?
The 401(k) plan at LGI Homes is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
How does LGI Homes match employee contributions to the 401(k) plan?
LGI Homes offers a company match on employee contributions, which helps to enhance your retirement savings.
When can I enroll in the 401(k) plan at LGI Homes?
Employees at LGI Homes can enroll in the 401(k) plan during their initial onboarding process or during the annual open enrollment period.
What is the vesting schedule for LGI Homes' 401(k) match?
The vesting schedule for LGI Homes' 401(k) match typically requires employees to work for a certain number of years before they fully own the matched funds.
Can I change my contribution amount to the LGI Homes 401(k) plan?
Yes, employees can change their contribution amount to the LGI Homes 401(k) plan at any time, subject to plan rules.
What investment options are available in the LGI Homes 401(k) plan?
The LGI Homes 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.
Is there a loan option available through the LGI Homes 401(k) plan?
Yes, LGI Homes allows employees to take loans against their 401(k) balance under certain conditions.
How can I access my LGI Homes 401(k) account information?
Employees can access their LGI Homes 401(k) account information online through the plan’s designated website or mobile app.
What happens to my LGI Homes 401(k) if I leave the company?
If you leave LGI Homes, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it with LGI Homes.
Does LGI Homes offer financial planning resources for 401(k) participants?
Yes, LGI Homes provides access to financial planning resources and tools to help employees make informed decisions about their 401(k) investments.