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

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News Corp. Employees: Navigating the Essentials of Medicare Advantage Plans for Your Retirement Health Needs

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Healthcare Provider Update: Healthcare Provider for News Corp: News Corp employees typically utilize the health insurance plans provided through the Affordable Care Act (ACA) marketplace, as well as any employer-sponsored health insurance options that may be available. Potential Healthcare Cost Increases in 2026: In 2026, employees at News Corp could face significant increases in healthcare costs as premiums for ACA marketplace plans are predicted to soar. Factors such as rising medical expenses, the potential end of enhanced federal premium subsidies, and aggressive rate hikes from major insurers could result in an average premium increase exceeding 75% for many enrollees. Specifically, some states may witness individual market hikes as high as 66.4%. This combination of factors is set to strain budgets and access to affordable healthcare for many employees. Click here to learn more

Medicare Advantage, sometimes known as “Part C,” is something of a catch-all choice for News Corp. 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 News Corp. 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 savings plan does News Corp. offer to its employees?

News Corp. offers a 401(k) retirement savings plan to its employees.

Does News Corp. provide matching contributions to its 401(k) plan?

Yes, News Corp. provides matching contributions to eligible employees participating in the 401(k) plan.

How can employees of News Corp. enroll in the 401(k) plan?

Employees of News Corp. 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 News Corp. employees to participate in the 401(k) plan?

Generally, News Corp. employees must be at least 21 years old and have completed a certain period of service to be eligible for the 401(k) plan.

Can News Corp. employees take loans against their 401(k) savings?

Yes, News Corp. allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.

What investment options are available in the News Corp. 401(k) plan?

The News Corp. 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

How often can News Corp. employees change their 401(k) contribution amounts?

News Corp. employees can change their 401(k) contribution amounts at any time, subject to the plan's guidelines.

Is there a vesting schedule for News Corp.’s matching contributions in the 401(k) plan?

Yes, News Corp. has a vesting schedule for its matching contributions, which means employees must work for a certain period before they fully own the matched funds.

What happens to the 401(k) savings if a News Corp. employee leaves the company?

If a News Corp. employee leaves the company, they can choose to roll over their 401(k) savings into another retirement account, cash out, or leave the funds in the News Corp. plan if eligible.

Does News Corp. offer financial education resources for employees regarding the 401(k) plan?

Yes, News Corp. provides financial education resources and tools to help employees make informed decisions about their 401(k) savings.

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For more information you can reach the plan administrator for News Corp. at , ; or by calling them at .

*Please see disclaimer for more information

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