Why More Mohawk Industries Employees Are Considering Social Security Early — And How Medicare Changes Play a Role
Healthcare Provider Update: Healthcare Provider for Mohawk Industries
Mohawk Industries typically provides healthcare benefits through a variety of health insurance options tailored to its employees. The primary providers often include major insurers such as UnitedHealthcare and Anthem, offering plans that cover medical, dental, and vision needs. Employees are encouraged to review their specific plans and options available during open enrollment periods to best meet their healthcare needs.
Healthcare Cost Increases for Mohawk Industries in 2026
As we look ahead to 2026, Mohawk Industries employees should brace for a significant rise in healthcare costs. Anticipated increases in Affordable Care Act (ACA) premiums, potentially exceeding 60% in some states, coupled with the expiration of federal subsidies, could dramatically elevate out-of-pocket expenses for employees. Many employers, facing substantial increases in medical costs projected at 7.5% to 8.5%, are expected to pass on a greater share of these costs through higher deductibles and premium contributions. Employees must become proactive in understanding their benefits and consider strategies to mitigate the impact of these expected increases on their healthcare budgets.
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'Mohawk Industries 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.
'Mohawk Industries 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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Mohawk Industries 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 Mohawk Industries 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 Mohawk Industries 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 Mohawk Industries 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 Mohawk Industries.
📞 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 Mohawk Industries?
The 401(k) plan at Mohawk Industries is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
How can I enroll in the Mohawk Industries 401(k) plan?
Employees can enroll in the Mohawk Industries 401(k) plan by completing the enrollment process through the company’s benefits portal or by contacting the HR department for assistance.
Does Mohawk Industries offer a matching contribution to the 401(k) plan?
Yes, Mohawk Industries offers a matching contribution to the 401(k) plan, which helps employees boost their retirement savings.
What is the vesting schedule for the Mohawk Industries 401(k) matching contributions?
The vesting schedule for Mohawk Industries' 401(k) matching contributions typically follows a graded vesting schedule, which means employees earn rights to the matching contributions over a period of time.
Can I change my contribution percentage to the Mohawk Industries 401(k) plan?
Yes, employees can change their contribution percentage to the Mohawk Industries 401(k) plan at any time, subject to the plan's guidelines.
What investment options are available in the Mohawk Industries 401(k) plan?
The Mohawk Industries 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles tailored to different risk profiles.
Is there a loan option available under the Mohawk Industries 401(k) plan?
Yes, Mohawk Industries allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.
What happens to my 401(k) account if I leave Mohawk Industries?
If you leave Mohawk Industries, you have several options for your 401(k) account, including rolling it over to another retirement account, cashing it out, or leaving it with Mohawk Industries.
How often can I access my Mohawk Industries 401(k) account statements?
Employees can access their Mohawk Industries 401(k) account statements online, typically on a quarterly basis, or they can opt for annual paper statements.
Are there any fees associated with the Mohawk Industries 401(k) plan?
Yes, there may be certain fees associated with the Mohawk Industries 401(k) plan, such as administrative fees or investment management fees, which are disclosed in the plan documents.
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:
Name: Mohawk Industries, Inc. Pension Plan
Eligibility: 5 years of service; benefits start at age 65.
Formula: Based on average salary and years of service.
401(k) Plan:
Name: Mohawk Industries, Inc. 401(k) Retirement Savings Plan
Eligibility: 30 days of employment.
Restructuring and Layoffs: In 2023, Mohawk Industries announced a significant restructuring plan that involved laying off approximately 10% of its workforce. The company cited declining demand in key markets and the need to streamline operations as the reasons for these cuts. This decision reflects broader economic challenges and shifting market conditions, emphasizing the importance of staying informed about such changes.
Stock Options: In 2022, Mohawk Industries granted stock options as part of its executive compensation plan. These options were available to senior executives and key management personnel. The company used "MSO" for Mohawk Stock Options in its filings.
RSUs: Restricted Stock Units (RSUs) were also offered to executives and senior employees. These RSUs vested over a period of time based on performance criteria. The acronym used for these was "RSU-MI".
Health Benefits Adjustments: There have been no significant announcements regarding major changes to Mohawk Industries' health benefits for 2023 or 2024. The company has maintained a stable benefits package with periodic reviews to ensure competitiveness.
Industry Trends: Companies similar to Mohawk Industries are increasingly adopting more flexible benefits options and enhancing wellness programs, but there is no specific information indicating Mohawk is making any radical changes.
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