<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

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

Learn More

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

image-table

Healthcare Provider Update: Healthcare Provider for Skyworks Solutions Skyworks Solutions employees typically access health insurance through their employer-sponsored plans, which may include various options from carriers such as UnitedHealthcare, Anthem, or Aetna, depending on specific plan offerings and year. Expected Healthcare Cost Increases for Skyworks Solutions in 2026 In 2026, Skyworks Solutions employees utilizing Affordable Care Act (ACA) marketplace plans may face significant healthcare cost increases. Anticipated premium hikes from major insurers could exceed 60% in some states, with the loss of enhanced federal premium subsidies intensifying the financial impact. According to projections, nearly 92% of marketplace enrollees could experience a rise in out-of-pocket premiums by over 75%. This spike is primarily driven by soaring medical costs and regulatory shifts, which makes strategic planning essential for employees navigating their healthcare options. Click here to learn more

Medicare Advantage, sometimes known as “Part C,” is something of a catch-all choice for Skyworks Solutions 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 Skyworks Solutions 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:

Loading...

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 Skyworks Solutions offer to its employees?

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

Is there a company match for contributions made to the Skyworks Solutions 401(k) plan?

Yes, Skyworks Solutions provides a company match for employee contributions to the 401(k) plan, subject to certain limits.

How can employees enroll in the Skyworks Solutions 401(k) plan?

Employees can enroll in the Skyworks Solutions 401(k) plan by completing the enrollment process through the company's designated benefits portal.

What is the eligibility requirement to participate in the Skyworks Solutions 401(k) plan?

Most employees at Skyworks Solutions are eligible to participate in the 401(k) plan after completing a specified period of service.

Can employees make changes to their contributions to the Skyworks Solutions 401(k) plan?

Yes, employees can make changes to their contribution amounts at any time, subject to plan rules.

What investment options are available in the Skyworks Solutions 401(k) plan?

The Skyworks Solutions 401(k) plan offers a variety of investment options, including mutual funds and target-date funds.

Does Skyworks Solutions allow for loans against the 401(k) plan?

Yes, Skyworks Solutions allows employees to take loans against their 401(k) balance, subject to the plan's terms and conditions.

What happens to the 401(k) plan if an employee leaves Skyworks Solutions?

If an employee leaves Skyworks Solutions, they can choose to roll over their 401(k) balance to another retirement account or leave it in the Skyworks plan, depending on the balance and plan rules.

Is there a vesting schedule for the company match in the Skyworks Solutions 401(k) plan?

Yes, Skyworks Solutions has a vesting schedule for the company match, meaning employees must work for a certain period to fully own the matched contributions.

How often can employees change their investment allocations in the Skyworks Solutions 401(k) plan?

Employees can change their investment allocations in the Skyworks Solutions 401(k) plan at any time, typically through the online portal.

New call-to-action

Additional Articles

Check Out Articles for Skyworks Solutions employees

Loading...

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

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for Skyworks Solutions employees