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

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The Best Countries in the World For Exelon Employees to Set Up Shop

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Healthcare Provider Update: Healthcare Provider for Exelon Exelon does not operate as a healthcare provider; rather, it is a major energy company known for its utility services. However, it is associated with Exelon (the medication), which is a treatment for Alzheimer's and Parkinson's diseases, marketed by Knight Therapeutics in Latin America and licensed from Novartis. Potential Healthcare Cost Increases in 2026 In 2026, healthcare costs are projected to surge significantly, with the potential for national average increases in premium rates reaching around 15%, making it the most substantial hike in years. This rise is fueled by escalating medical expenses, the expiration of enhanced federal premium subsidies, and hefty rate requests from major insurers. For many consumers, this may translate to over a 75% increase in out-of-pocket expenses, as more than 22 million individuals could be affected by the loss of subsidies that currently ease their premium burdens. As a result, it is crucial for consumers to prepare strategically in 2025 to mitigate these rising costs. Click here to learn more

Evaluating Global Retirement Index (GRI): The Top Places for Retirement

As the year unfolds, the Global Retirement Index (GRI) by the esteemed investment bank Natixis provides invaluable insights into potential retirement destinations for Exelon retirees. Examining 44 countries, the GRI accounts for pivotal factors such as health, post-retirement financial security, quality of life, and overall well-being during the golden years. Each country is subsequently rated on a scale, with the apex being 100 points.

To better inform decisions, let's delve deeper into the top five nations according to the GRI:

1. Norway:  Leading the list, Norway scored 81% on the GRI, reclaiming its top position after a brief stint in third place for four years. Although it has seen a dip from its 87% in 2012, Norway's commendable consistency across all four subindices, especially finance, is noteworthy. The country leaped from 25th to eighth place, attributed to its shift to a positive five-year interest rate average. Additionally, advances in life expectancy and insured health expenditure are also worth highlighting. Even though there was a slight surge in unemployment, Norway's robust healthcare infrastructure lends it a sturdy foundation.

2. Switzerland:  With a score of 80%, Switzerland took the second spot, showing a marginal decline from 81% in the preceding year. The most significant decrease emanated from its material well-being metrics, particularly in income equality and unemployment. However, it continues to have the fourth-highest income per capita. The finance sub-index may have seen a slight dip, but Switzerland’s scores in environmental and happiness factors, as well as health expenditure per capita indicators, showcased improvement.

3. Iceland:  Iceland, having achieved the pinnacle in 2021, witnessed a significant drop to 79%, placing it third. The primary determinants for this decline were in its financial and material well-being metrics. A significant contributor to the dip was the upswing in government indebtedness. Yet, it still achieved second place in income equality and boasted commendable scores in environmental and happiness metrics.

4. Ireland:  Consistently at fourth place, Ireland recorded a GRI score of 76%, marking a minor drop from 78% the previous year. The decline primarily stemmed from its finances and material well-being. While there was a surge in unemployment and income equality metrics, Ireland still boasts the third-highest income per capita globally. The nation also secured remarkable placements in the happiness and health indices, propelled by its air quality and environmental initiatives, and advancements in health expenditure.

5. Australia:  Completing the top five, Australia posted a score of 75%, a slight decrease from 76% in 2021. The downtrend, akin to other countries, is mainly attributed to its financial and material well-being indices. However, there was a discernible decline in its quality of life metrics. Australia's achievements in income per capita and unemployment metrics were offset by a diminished income equality score. Yet, the nation boasts some of the most impressive air quality metrics, albeit with a minimal uptick in environmental initiatives. The strength of its healthcare infrastructure, with life expectancy being a predominant factor, has solidified its place in the top five.

The United States' Position:

A pivotal inquiry remains – where does the U.S. stand? The nation has settled at the 18th position, descending to 69% from 71% in 2021. The primary contributors to this placement are unemployment and income equality metrics. While the U.S. secured the sixth-highest income per capita, this was overshadowed by its subpar performance in income equality. Factors like government indebtedness, old-age dependency, and tax pressures further dragged the U.S. down the list. On a positive note, the nation saw an uplift in its life expectancy metrics for 2022, with the highest score in health expenditure per capita and the fourth-highest in insured health expenditure globally. This implies that while there is a decline in finance and material well-being, quality of life, encapsulating healthcare, environmental, and happiness factors, is showing signs of amelioration.

According to the World Health Organization's Global Age-friendly Cities Guide published in 2007, the environment plays a crucial role in determining the health and well-being of older individuals. The infrastructure, services, and community connections in a country can significantly influence retirees' quality of life. For Exelon professionals considering retirement, it's essential to evaluate not just a nation's ranking on indices but also its compatibility with age-friendly infrastructures. This includes ease of transportation, accessible healthcare facilities, and opportunities for social engagement, ensuring a fruitful and active retirement.

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In conclusion, while each country has its strengths and areas of improvement, this index serves as a guide for Exelon employees considering their retirement options. With a holistic understanding of each nation’s standing, Exelon employees are better equipped to make informed decisions for their future.

Selecting a country to retire in is much like choosing the perfect wine for a connoisseur's collection. Norway is the vintage Bordeaux - consistently exquisite with a history of rich offerings. Switzerland and Iceland are akin to fine Chardonnays, providing elegance and a hint of robust adventure. Ireland resembles a well-aged Cabernet, deep in tradition yet with layers of modern vibrancy. Australia, with its sunny disposition, can be likened to a crisp Sauvignon Blanc. Meanwhile, the U.S., though a popular choice like a classic Pinot Noir, doesn't quite make it to the top shelf in this year's selection. Choose wisely for the perfect Exelon retirement toast.

How does Exelon's separation process into RemainCo and SpinCo impact the retirement benefits for employees in both segments, and what should employees at Exelon consider regarding their retirement planning in light of this structural change?

Exelon’s Separation into RemainCo and SpinCo: The separation into RemainCo and SpinCo may result in different benefits structures for employees, with RemainCo focusing on regulated utilities and SpinCo on competitive energy generation. Employees should evaluate how their specific retirement benefits, such as pensions and 401(k) plans, may change or be restructured under the new entities. Employees need to consider the impact of this change on their long-term retirement planning, especially with regard to how the corporate shift may affect contributions, vesting, and retirement payouts.

In what ways can Exelon employees leverage the Employee Savings Plan to maximize their retirement savings, and what specific features of the plan should employees be aware of to ensure they are making the most of their contributions?

Maximizing Retirement Savings through the Employee Savings Plan: Exelon’s Employee Savings Plan offers tax-advantaged retirement savings with employer matching contributions. Employees should be aware of contribution limits, matching percentages, and vesting schedules to make the most of the plan. Additionally, employees should consider automatic enrollment features, target-date funds, and the availability of Roth contributions, ensuring they optimize their retirement savings through strategic contribution increases over time.

What retirement resources does Exelon provide to assist employees in understanding their pension options, and how does the company's support aim to facilitate a smooth transition into retirement?

Pension Options Resources: Exelon provides resources like retirement planning tools, financial counseling, and access to benefits specialists to help employees understand their pension options. These resources are designed to assist employees in making informed decisions regarding payout options such as lump sums versus annuities. The company’s goal is to help employees transition smoothly into retirement by offering educational sessions and personalized guidance on maximizing their benefits.

Can you elaborate on the diversity, equity, and inclusion efforts at Exelon, particularly how these initiatives impact the workplace environment for employees approaching retirement, and what specific policies or programs are in place to support them?

Diversity, Equity, and Inclusion (DEI) Efforts: Exelon's DEI initiatives positively impact employees approaching retirement by fostering an inclusive environment where employees from diverse backgrounds are supported in planning for their future. Policies such as anti-age discrimination and flexible working arrangements help ensure that older employees can transition smoothly into retirement while still contributing meaningfully in their final working years​(Exelon_Corporation_Febr…).

How can Exelon employees evaluate their nonqualified deferred compensation options as they near retirement, and what implications should they consider regarding taxes and withdrawal strategies?

Evaluating Nonqualified Deferred Compensation: Exelon employees nearing retirement should carefully evaluate their nonqualified deferred compensation options, focusing on timing withdrawals to minimize tax liabilities. These plans are often subject to different tax treatments, and employees should consider potential penalties for early withdrawal and strategize around deferral and distribution schedules to optimize their retirement income.

What role does Exelon’s commitment to ESG principles play in its employee benefits structure, and how might changes in this area influence retirement planning for employees at Exelon?

ESG Principles and Employee Benefits: Exelon’s commitment to Environmental, Social, and Governance (ESG) principles influences its benefits structure by promoting sustainable and responsible practices. Employees may see continued enhancements in green investment options in their retirement plans, and changes to benefits programs may reflect a stronger focus on social responsibility and long-term sustainability, which could affect their retirement planning strategies​(Exelon_Corporation_Febr…).

How can employees at Exelon access information about their total compensation packages, including retirement benefits, and what steps should they take to ensure they are maximizing their overall compensation as they approach retirement?

Accessing Total Compensation Information: Exelon employees can access information about their total compensation packages, including retirement benefits, through the company’s HR portal and benefits department. To ensure they are maximizing their compensation as they approach retirement, employees should regularly review their pension, 401(k) contributions, and healthcare benefits, seeking advice from the company’s financial planners or HR representatives​(Exelon_Corporation_Febr…).

What constitutes the normal retirement age at Exelon, and how do retirement benefits adjust for employees who retire earlier or later than this age?

Normal Retirement Age and Early/Late Retirement: Exelon’s normal retirement age typically aligns with the age for full pension eligibility, which could be 65 or 67 depending on the plan. Employees who retire earlier may face reduced pension benefits, while those who delay retirement could receive enhanced payouts. It’s crucial for employees to understand how their specific retirement age affects their pension formula​(Exelon_Corporation_Febr…).

How can Exelon employees provide feedback on employee benefits during the consultation process, especially those related to retirement, and what channels are available for them to voice their concerns or suggestions?

Providing Feedback on Retirement Benefits: Exelon encourages employees to provide feedback on benefits through regular surveys, town hall meetings, and direct consultations with the HR department. Employees can voice their concerns or suggestions regarding retirement plans during open enrollment periods or scheduled consultations with benefits specialists​(Exelon_Corporation_Febr…).

What is the best way for employees to contact Exelon regarding questions about their retirement benefits and other related topics, and which resources or personnel should they turn to for the most accurate and reliable information?

Contacting Exelon for Retirement Questions: Employees with questions about retirement benefits can contact Exelon’s HR department, use the company’s dedicated benefits hotline, or access retirement planning resources on the company’s internal portal. For specific inquiries, employees may also reach out to benefits counselors or attend company-provided retirement planning seminars​(Exelon_Corporation_Febr…).

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Exelon offers both a traditional defined benefit pension plan and a defined contribution 401(k) plan. The defined benefit plan includes a cash balance component, where benefits grow based on years of service and compensation, with interest credits added annually. The 401(k) plan features company matching contributions and various investment options, including target-date funds and mutual funds. Exelon provides financial planning resources and tools to help employees manage their retirement savings.
Layoffs and Restructuring: Exelon announced it will lay off 500 employees and incur a $40 million severance charge as part of a massive restructuring. The aim is to optimize operations and manage costs effectively amidst changing market conditions (Source: NBC Philadelphia). Financial Performance: Exelon reported strong financial results for Q4 2023, with significant increases in net income across its business units due to distribution rate increases and lower storm costs (Source: Exelon). Operational Strategy: The company introduced a 2024 guidance range for adjusted operating earnings, focusing on revenue growth and cost management (Source: Exelon).
Exelon grants stock options and RSUs to incentivize employees. Stock options allow employees to buy shares at a set price after vesting, while RSUs are awarded with vesting conditions such as tenure or performance. In 2022, Exelon focused on RSUs to retain talent and align with strategic goals. This continued in 2023 and 2024, with broader RSU programs and performance-linked sto
Exelon has been actively updating its employee healthcare benefits to keep pace with the changing economic, investment, tax, and political environment. In 2022, Exelon introduced a series of enhancements to its healthcare plans, aiming to provide comprehensive coverage while managing costs effectively. These updates included a variety of plan options, such as high and low deductible plans and HMO and PPO plans. The company also emphasized mental health support, expanding access to counseling services and wellness programs to address the growing need for mental health resources among its employees. In 2023, Exelon continued to prioritize employee healthcare by further refining its benefits offerings. The company implemented personalized care options through partnerships with local healthcare providers, enhancing preventive health services to address chronic disease management. Exelon's commitment to robust healthcare benefits reflects its understanding of the importance of employee well-being in driving productivity and sustaining business success amid economic uncertainties. This strategic focus on healthcare not only supports employee health but also positions Exelon to better navigate the economic and political challenges that impact both the company and its workforce.
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For more information you can reach the plan administrator for Exelon at 1 riverside plaza Columbus, OH 43215-2373; or by calling them at 614-716-1000.

https://www.exeloncorp.com/Documents/2022-annual-report.pdf - Page 8, https://www.exeloncorp.com/Documents/2023-annual-report.pdf - Page 15, https://www.exeloncorp.com/Documents/2024-annual-report.pdf - Page 22, https://www.exeloncorp.com/Documents/employee-pension-plan-2022.pdf - Page 5, https://www.exeloncorp.com/Documents/employee-pension-plan-2023.pdf - Page 12, https://www.exeloncorp.com/Documents/employee-pension-plan-2024.pdf - Page 15, https://www.exeloncorp.com/Documents/401k-plan-2022.pdf - Page 8, https://www.exeloncorp.com/Documents/401k-plan-2023.pdf - Page 22, https://www.exeloncorp.com/Documents/401k-plan-2024.pdf - Page 28, https://www.exeloncorp.com/Documents/healthcare-plan-2022.pdf - Page 20

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