Why More Beacon Roofing Supply Employees Are Considering Social Security Early — And How Medicare Changes Play a Role
Healthcare Provider Update: Beacon Roofing Supply provides health insurance benefits to its employees through wellness-focused programs. The companys MotivateMe Wellness Program includes annual health assessments, health coaching, and online health management tools. Employees who participate may receive reduced insurance rates. Beacon emphasizes safety and well-being through workplace training and health resources 5.
Healthcare costs in the United States are projected to continue rising through 2026, with insurers proposing significant premium increases for Affordable Care Act (ACA) plans. A recent analysis found that ACA insurers are seeking a median premium increase of 15% for 2026, marking the largest hike since 2018. This surge is attributed to factors such as the anticipated expiration of enhanced premium tax credits, rising medical costsincluding expensive medications and increased hospital staysand a shift in the risk pool towards higher-cost enrollees. Without the renewal of enhanced subsidies, out-of-pocket premiums for ACA marketplace enrollees could increase by more than 75% on average.
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'Beacon Roofing Supply employees weighing when to file for Social Security should consider both current health care costs and long-term income needs, so they can stay adaptable as retirement unfolds.' — Paul Bergeron, a representative of The Retirement Group, a division of Wealth Enhancement.
'Beacon Roofing Supply employees can benefit from thoughtfully coordinating Social Security timing with health care expenses so their retirement income stays aligned with their evolving needs over time.' — Tyson Mavar, a representative of The Retirement Group, a division of Wealth Enhancement.
In this article, we will discuss:
How Social Security filing age affects retirement income.
How Medicare expenses factor into when retirees claim benefits.
Why emotional concerns are shifting filing behavior for many Americans.
Written by Wealth Enhancement advisors Kevin Landis, CPA and Wesley Boudreaux
Advisors in the retirement-income space have long suggested that retirees consider delaying filing for Social Security benefits. For those with a full retirement age (FRA) of 67, waiting until age 70 can result in monthly payments that are around 24% higher.
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And for those with an FRA of 66, the increase if one waits until age 70 is closer to 32%.
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Beacon Roofing Supply employees nearing retirement often hear this same message.
However, new national data indicates a growing number of Americans plan to claim Social Security before age 70. Cost pressures and health care related issues are major influences in this trend.
The Retirees’ Reality
Today’s retirees face a very different environment than those in past decades, including less access to traditional pensions, rising health care costs, and mounting everyday living expenses. In the private sector, only about 15% of workers still have access to defined benefit pensions,
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affecting many households and Beacon Roofing Supply employees.
According to retirement consultant Wesley Boudreaux, 'most retirees are not choosing to claim early for the sake of it.” Instead, rising medical and living costs are driving earlier benefit decisions because of cash flow pressures.
One major factor? Health care. Nearly 39% of out-of-pocket health care spending by Medicare beneficiaries was equivalent to Social Security payments received, on average, in 2022.
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Medicare Advantage: A Key Planning Factor
Additionally, shifts in Medicare Advantage plans have left many retirees unsure about upcoming costs. Benefit structures can vary significantly by year or by region, causing cost surprises that Beacon Roofing Supply workers and their families may need to plan for.
“We are already seeing clients paying more for health care than expected,” said Kevin Landis, CPA. “When medical expenses rise, Social Security often becomes the first lever people pull to handle that burden.”
This is why coordinating Social Security filing decisions with Medicare coverage choices remains important, particularly when plans change annually.
“This is the intersection of Social Security and health care planning,” Landis adds. “Changes in one can influence the other.”
Emotional Considerations Also Matter
Money matters aren’t the only reason retirees claim earlier. Concerns about the future of Social Security have caused many to look for the emotional comfort of taking benefits sooner, including some Beacon Roofing Supply workers preparing for retirement.
While benefits are expected to continue—even if trust fund reserves decline in the 2030s—worries about future payouts can play a role.
“It’s not just about math,” Boudreaux explains. “People want control and stability in retirement, even if that means receiving less over time.”
Finding the Right Approach for You
Whether filing early is a good fit depends a lot on health, cash flow needs, and longer-term retirement goals. Thoughtful planning helps maintain flexibility, rather than driving you to respond under pressure.
“The best approach balances today’s needs with what lies ahead,” Landis says. “And that begins with understanding how Medicare and Social Security interact.”
Need Help Reviewing Your Options?
The Retirement Group, a division of Wealth Enhancement, helps individuals evaluate Medicare electives, analyze Social Security filing alternatives, and design retirement income strategies based on personal goals—including guidance tailored to those employed by Beacon Roofing Supply.
📞 Call (800) 900-5867 before your next enrollment period to schedule a Social Security & Health Care Review.
Work toward confidence in your long-term retirement income decisions.
About the Authors
Wesley Boudreaux and Kevin Landis, CPA, provide retirement income and tax planning guidance through Wealth Enhancement, helping people make informed choices about Social Security, Medicare, and financial well-being.
1. Social Security Administration.
When to Start Receiving Retirement Benefits: Publication No. 05-10147
. May 2024. U.S. Government Publishing Office, Washington D.C.
2. Topoleski, John J., Elizabeth A. Myers, and Sylvia L. Bryan.
Worker Participation in Employer-Sponsored Pensions: Data in Brief and Recent Trends (R43439)
. Congressional Research Service, 18 Sept. 2024.
3. Medicare Payment Advisory Commission.
Report to the Congress: Medicare Payment Policy – Chapter 11: The Medicare Advantage Program: Status Report
. Mar. 2025, medpac.gov/wp-content/uploads/2025/03/Mar25_Ch11_MedPAC_Report_To_Congress_SEC.pdf.
4. Board of Trustees, Social Security.
2025 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds
. 30 June 2025. U.S. Government Publishing Office, Washington D.C.
What type of retirement savings plan does Beacon Roofing Supply offer to its employees?
Beacon Roofing Supply offers a 401(k) retirement savings plan to help employees save for their future.
Does Beacon Roofing Supply match employee contributions to the 401(k) plan?
Yes, Beacon Roofing Supply provides a matching contribution to employee 401(k) contributions, subject to specific terms and conditions.
How can employees at Beacon Roofing Supply enroll in the 401(k) plan?
Employees can enroll in the 401(k) plan by completing the enrollment process through the company’s designated benefits portal.
What is the eligibility requirement for employees to participate in Beacon Roofing Supply's 401(k) plan?
Employees must meet specific eligibility criteria, such as age and length of service, to participate in the 401(k) plan at Beacon Roofing Supply.
What investment options are available in the Beacon Roofing Supply 401(k) plan?
The 401(k) plan at Beacon Roofing Supply offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Can employees at Beacon Roofing Supply take loans against their 401(k) savings?
Yes, employees may have the option to take loans against their 401(k) savings at Beacon Roofing Supply, subject to the plan's rules.
How often can employees at Beacon Roofing Supply change their 401(k) contribution percentage?
Employees can typically change their 401(k) contribution percentage at any time, following the guidelines set by Beacon Roofing Supply.
What happens to an employee's 401(k) account if they leave Beacon Roofing Supply?
If an employee leaves Beacon Roofing Supply, they can choose to roll over their 401(k) balance to another retirement account or leave it in the plan, depending on the plan's provisions.
Is there a vesting schedule for the employer match in Beacon Roofing Supply's 401(k) plan?
Yes, Beacon Roofing Supply has a vesting schedule for employer matching contributions, which means employees must work for a certain period to fully own those contributions.
How can employees at Beacon Roofing Supply access their 401(k) account information?
Employees can access their 401(k) account information through the online benefits portal provided by Beacon Roofing Supply.
With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Beacon Roofing Supply announced a restructuring plan in 2024, involving significant layoffs across various departments. The company is also revising its benefits and pension plans to align with its cost-reduction strategies.
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For more information you can reach the plan administrator for Beacon Roofing Supply at 505 Huntmar Park Dr Herndon, VA 20170; or by calling them at +1 571-323-3939.
Further Information for Beacon Roofing Supply* Employees
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