Why More Hilton Grand Vacations Employees Are Considering Social Security Early — And How Medicare Changes Play a Role
Healthcare Provider Update: Healthcare Provider for Hilton Grand Vacations
Hilton Grand Vacations typically partners with several health insurance providers to offer employee benefits, which may include coverage through major insurers such as UnitedHealthcare, Anthem, and Cigna. Specific details on the current provider can vary and should be confirmed through the company's human resource department for the most accurate and updated information.
Projected Healthcare Cost Increases for Hilton Grand Vacations in 2026
As 2026 approaches, Hilton Grand Vacations employees may face significant healthcare cost increases due to a convergence of factors, including substantial premium hikes in the ACA marketplace. A report indicates that many states will experience premium increases of over 60%, especially in areas seeing significant rate requests from major insurers. Without extended federal subsidies, millions of policyholders could see their out-of-pocket costs rise by upwards of 75%, forcing many to re-evaluate their healthcare options and budgeting strategies to mitigate financial strain. As companies like Hilton Grand Vacations adapt to these shifts, employees should proactively assess their benefits to navigate the changing landscape effectively.
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'Hilton Grand Vacations 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.
'Hilton Grand Vacations 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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Hilton Grand Vacations 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 Hilton Grand Vacations 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 Hilton Grand Vacations 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 Hilton Grand Vacations 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 Hilton Grand Vacations.
📞 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 is the 401(k) plan offered by Hilton Grand Vacations?
The 401(k) plan at Hilton Grand Vacations is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
Does Hilton Grand Vacations match contributions to the 401(k) plan?
Yes, Hilton Grand Vacations offers a company match on employee contributions to the 401(k) plan, helping to enhance your retirement savings.
When can I enroll in the Hilton Grand Vacations 401(k) plan?
Employees at Hilton Grand Vacations can enroll in the 401(k) plan during the initial onboarding process or during the annual open enrollment period.
How much can I contribute to the Hilton Grand Vacations 401(k) plan each year?
The contribution limits for the Hilton Grand Vacations 401(k) plan are set by the IRS and can change annually. Employees should check the latest IRS guidelines for the current limits.
Can I change my contribution amount to the Hilton Grand Vacations 401(k) plan?
Yes, employees can change their contribution amounts to the Hilton Grand Vacations 401(k) plan at any time, subject to plan rules.
What investment options are available in the Hilton Grand Vacations 401(k) plan?
The Hilton Grand Vacations 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance and retirement goals.
Is there a vesting schedule for the Hilton Grand Vacations 401(k) company match?
Yes, Hilton Grand Vacations has a vesting schedule for the company match in the 401(k) plan, which means employees must work for a certain period before they fully own the matched funds.
Can I take a loan from my Hilton Grand Vacations 401(k) plan?
Yes, employees may have the option to take a loan from their Hilton Grand Vacations 401(k) plan, subject to the plan's terms and conditions.
What happens to my Hilton Grand Vacations 401(k) plan if I leave the company?
If you leave Hilton Grand Vacations, you can either cash out your 401(k), roll it over into another retirement account, or leave it in the Hilton Grand Vacations plan if you meet certain criteria.
How can I access my Hilton Grand Vacations 401(k) plan account information?
Employees can access their Hilton Grand Vacations 401(k) plan account information online through the plan's designated website or mobile app.
With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Pension Plan Details:
Pension Plan Name: The specific name of Hilton Grand Vacations' pension plan.
Years of Service and Age Qualification: Criteria for eligibility based on years of service and age.
Pension Formula: How the pension benefit is calculated.
Source Document and Page Number: Where the information is located.
401(k) Plan Details:
401(k) Plan Name: The specific name of Hilton Grand Vacations' 401(k) plan.
Eligibility: Criteria for participating in the 401(k) plan.
Source Document and Page Number: Where the information is located.
Restructuring and Layoffs: Hilton Grand Vacations announced a restructuring plan in early 2024 aimed at streamlining operations and improving efficiency. This included a reduction of approximately 10% of its workforce. The company justified these changes as a necessary step to adapt to the evolving market conditions and ensure long-term sustainability. It is essential to monitor these developments given the broader economic landscape and potential impacts on job security and company performance. 2. Benefit Changes: In late 2023, Hilton Grand Vacations made adjustments to its employee benefits, including changes to healthcare plans and a shift in the company’s retirement plan contributions. These modifications are part of a larger effort to control costs and align benefits with the company's financial strategy. This news is significant in the current investment and tax environment, as it reflects the company’s approach to managing its workforce costs amidst economic uncertainties.**
Hilton Grand Vacations (HGV) provides stock options and RSUs primarily to key executives and senior management. These are granted as part of the company's compensation package and are subject to performance and tenure requirements. According to the company's 2023 proxy statement, stock options are typically granted with a vesting schedule over a four-year period.
Health Benefits: HGV offers a comprehensive benefits package including medical, dental, and vision coverage. Employees can choose from various plan options to suit their needs. Benefits typically include access to preventative care, specialist consultations, and emergency services.
Terms and Acronyms: Commonly used terms include PPO (Preferred Provider Organization), HMO (Health Maintenance Organization), and HDHP (High Deductible Health Plan). Acronyms such as EPO (Exclusive Provider Organization) and FSA (Flexible Spending Account) are also relevant.
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