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Medicare Advantage, sometimes known as “Part C,” is something of a catch-all choice for Skechers U.S.A. 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 Skechers U.S.A. 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 Skechers U.S.A. offer to its employees?
Skechers U.S.A. offers a 401(k) retirement savings plan to its employees.
Is there a company match for contributions made to the 401(k) plan at Skechers U.S.A.?
Yes, Skechers U.S.A. provides a company match for eligible employee contributions to the 401(k) plan.
How can employees at Skechers U.S.A. enroll in the 401(k) plan?
Employees at Skechers U.S.A. can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
What is the minimum age requirement to participate in the Skechers U.S.A. 401(k) plan?
The minimum age requirement to participate in the Skechers U.S.A. 401(k) plan is 21 years old.
How much can employees contribute to their 401(k) plans at Skechers U.S.A.?
Employees at Skechers U.S.A. can contribute up to the IRS limit for 401(k) contributions, which is adjusted annually.
Does Skechers U.S.A. offer any investment options within the 401(k) plan?
Yes, Skechers U.S.A. offers a variety of investment options within the 401(k) plan, including mutual funds and target-date funds.
Can employees at Skechers U.S.A. take loans against their 401(k) savings?
Yes, Skechers U.S.A. allows employees to take loans against their 401(k) savings under certain conditions.
What happens to the 401(k) plan if an employee leaves Skechers U.S.A.?
If an employee leaves Skechers U.S.A., they have several options for their 401(k) plan, including rolling it over to another retirement account or cashing it out.
Are there any fees associated with the Skechers U.S.A. 401(k) plan?
Yes, there may be administrative fees associated with the Skechers U.S.A. 401(k) plan, which are disclosed in the plan documents.
How often can employees at Skechers U.S.A. change their contribution amounts to the 401(k) plan?
Employees at Skechers U.S.A. can change their contribution amounts to the 401(k) plan at specified times, typically during open enrollment periods.
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