/General/General%2010.png?width=1280&height=853&name=General%2010.png)
Medicare Advantage, sometimes known as “Part C,” is something of a catch-all choice for Peter Kiewit Sons' 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 Peter Kiewit Sons' 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.
Featured Video
Articles you may find interesting:
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
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 Peter Kiewit Sons' offer to its employees?
Peter Kiewit Sons' offers a 401(k) retirement savings plan to its employees.
How can employees of Peter Kiewit Sons' enroll in the 401(k) plan?
Employees of Peter Kiewit Sons' can enroll in the 401(k) plan by completing the enrollment process through the company's HR portal.
Does Peter Kiewit Sons' match employee contributions to the 401(k) plan?
Yes, Peter Kiewit Sons' offers a matching contribution to employee contributions to the 401(k) plan, subject to certain limits.
What is the maximum contribution limit for the 401(k) plan at Peter Kiewit Sons'?
The maximum contribution limit for the 401(k) plan at Peter Kiewit Sons' aligns with the IRS annual limits, which are updated each year.
Can employees of Peter Kiewit Sons' take loans against their 401(k) savings?
Yes, employees of Peter Kiewit Sons' may have the option to take loans against their 401(k) savings, subject to the plan's terms.
What investment options are available in the Peter Kiewit Sons' 401(k) plan?
The 401(k) plan at Peter Kiewit Sons' typically offers a variety of investment options, including mutual funds and target-date funds.
Are there any fees associated with the 401(k) plan at Peter Kiewit Sons'?
Yes, there may be administrative fees and investment-related fees associated with the 401(k) plan at Peter Kiewit Sons'.
How often can employees of Peter Kiewit Sons' change their 401(k) contributions?
Employees of Peter Kiewit Sons' can typically change their 401(k) contributions at any time, following the company's guidelines.
What happens to the 401(k) savings if an employee leaves Peter Kiewit Sons'?
If an employee leaves Peter Kiewit Sons', they can choose to roll over their 401(k) savings to another retirement account or withdraw the funds, subject to tax implications.
Does Peter Kiewit Sons' provide financial education regarding the 401(k) plan?
Yes, Peter Kiewit Sons' provides resources and financial education to help employees understand their 401(k) options and make informed decisions.
-2.png?width=300&height=200&name=office-builing-main-lobby%20(52)-2.png)
.webp?width=300&height=200&name=office-builing-main-lobby%20(27).webp)
-2.png)
.webp)