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

Why Cognizant Technology Solutions Employees Should Consider These Top Retirement Locations for Affordability and Ideal Weather

Healthcare Provider Update: Healthcare Provider for Cognizant Technology Solutions Cognizant Technology Solutions offers its healthcare solutions through its TriZetto Healthcare Products division, which provides integrated software and services to improve operational efficiency for payer organizations. This division focuses on a vast range of services, primarily aimed at managing Medicaid programs and enhancing healthcare delivery through automated systems. Potential Healthcare Cost Increases in 2026 As 2026 approaches, healthcare costs are predicted to experience significant increases, largely driven by the loss of enhanced federal premium subsidies and rising medical expenses. Insurers are requesting steep rate hikes, with some states seeing premiums soar by over 60%. This confluence of factors could result in out-of-pocket costs for many consumers spiking by up to 75%. The healthcare landscape is evolving, and without proactive measures, families may face more financial strain amid these projected challenges. Click here to learn more

'Cognizant Technology Solutions employees nearing retirement should consider cities like Cary, North Carolina, that balance affordable living, great weather, and top-tier healthcare, as these factors are essential in ensuring a financially comfortable and healthy retirement.' – Wesley Boudreaux, a representative of The Retirement Group, a division of Wealth Enhancement Group.

'Retirees from Cognizant Technology Solutions companies should prioritize locations that offer both cost-effective living and excellent healthcare, such as Cary, North Carolina, ensuring a fulfilling and stable retirement experience.' – Patrick Ray, a representative of The Retirement Group, a division of Wealth Enhancement Group.

In this article, we will discuss:

The best affordable cities for retirement, with a focus on Cary, North Carolina.
How weather and cost of living are key factors for Cognizant Technology Solutions employees planning their retirement.
The importance of healthcare access in choosing a retirement destination.

Combining great weather with affordability, Cary, North Carolina, has emerged as one of the top spots for Cognizant Technology Solutions employees planning their retirement. Located just nine miles west of Raleigh, this charming city offers retirees a year-round climate with temperatures between 32°F and 89°F. With an average monthly cost of living of $3,615, Cary provides an excellent balance of affordable housing and beautiful weather—two key considerations for Cognizant Technology Solutions employees looking to make the most of their retirement years.

Cary's exceptional quality of life is reflected in its impressive livability score of 90 out of 100. The city offers a community that supports retirees, with 12% of its population being over 65, according to GoBankingRates. The temperature is generally mild, though seasonal fluctuations are expected, with the hottest months being late May through early October. Despite some fluctuations, Cary's facilities, low crime rate, and healthcare services all earned favorable ratings, even though its cost of living score on AreaVibes was slightly lower.

Cary is not the only city with the perfect mix of affordability and great weather for retirement. For example, Metairie, Louisiana, scored 84 out of 100 on the livability scale. This city boasts a reasonably low cost of living, a mild climate, and a hint of Southern charm. For Cognizant Technology Solutions retirees seeking relief from the hotter Southern U.S., Perry Hall, Maryland, is an excellent option due to its consistently milder temperatures.

With its reasonably priced housing and dry, sunny climate, Laughlin, Nevada, offers the lowest anticipated monthly cost of living on the list for retirees who are considering the desert lifestyle. In contrast, Oro Valley, Arizona, located in the heart of the Sonoran Desert, is particularly attractive to retirees, with more than one-third of its population being 65 or older. The area's year-round, outdoor-friendly temperatures further enhance its appeal.

Although Florida remains a popular retirement destination, the living costs in cities like Miami and Orlando can surpass $60,000 annually. High real estate prices and increasing property taxes might deter some retirees from making the move. For those still drawn to Florida's warm climate, alternatives like Perry Hall and Metairie offer similar weather conditions but at a more affordable cost of living.

GoBankingRates compiled a detailed list of affordable and appealing retirement destinations in 2024 by evaluating cities on several criteria, including rent, weather, cost of living, and overall desirability. At the top of the list is Cary, North Carolina, with its active retiree community and temperate climate. Laughlin, Nevada, and Oro Valley, Arizona, also stand out as great retirement options, showcasing that there are plenty of affordable places to retire while still enjoying a comfortable and pleasant lifestyle.

When planning retirement, Cognizant Technology Solutions employees must strike a balance between living costs and a healthy, active environment. Whether in Cary or another well-regarded location, retirement planning should factor in both lifestyle preferences and financial considerations to help create a fulfilling retirement experience.

In addition to affordability and pleasant weather, healthcare access plays a critical role in selecting a retirement location. Cary, North Carolina, stands out for its top-notch healthcare offerings, including facilities like WakeMed Cary Hospital. U.S. News & World Report (March 2024) named Cary as a top choice for retirees who value both financial stability and healthcare quality, making it an ideal place for Cognizant Technology Solutions employees nearing retirement.

If you're looking for an affordable and desirable retirement destination, Cary, North Carolina, with its 90/100 livability score, is one of the best cities for retirees. Offering a mild climate, affordable living costs, and excellent healthcare services, it's a standout location. Other affordable places with favorable weather for retirement include Metairie, Louisiana, and Oro Valley, Arizona. Discover why these cities are gaining popularity due to their appealing combination of amenities, climate, and affordability.

Choosing the right retirement destination is much like selecting the perfect vacation spot: it should offer the amenities you desire, such as great weather, reasonable prices, and convenient access to the services you need. Like a year-round vacation, cities like Cary, North Carolina, and Metairie, Louisiana, provide a perfect mix of relaxation, adventure, and practicality, allowing Cognizant Technology Solutions retirees to enjoy both financial comfort and peace of mind. These locations promise a long-term 'staycation' with affordable living, pleasant weather, and excellent healthcare throughout the year.

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Articles you may find interesting:

Sources:

1. GoBankingRates. “12 Surprisingly Affordable Cities With Great Weather for Retirees.” GoBankingRates , October 2024, pp. 1-2.

2. U.S. News & World Report. “The 2 Best Independent Living Communities in Cary, NC.” U.S. News & World Report , March 2025, pp. 1-3.

3. Investopedia. “Why Arizona Could Be the Perfect Retirement Destination for You.” Investopedia , May 2025, pp. 1-2.

4. CarePatrol. “Beyond Cost: A Different Perspective on Choosing a Retirement Location.” CarePatrol , April 2025, pp. 1-2.

5. Nasdaq. “Retirement Relocation: Choosing the Perfect Place to Call Home.” Nasdaq , April 2025, pp. 1-2.

What is the 401(k) plan offered by Cognizant Technology Solutions?

The 401(k) plan at Cognizant Technology Solutions is a retirement savings plan that allows employees to save a portion of their earnings on a tax-deferred basis.

How does Cognizant Technology Solutions match employee contributions to the 401(k) plan?

Cognizant Technology Solutions offers a company match on employee contributions, typically matching a percentage of the employee's contributions up to a certain limit.

Can employees of Cognizant Technology Solutions choose their investment options within the 401(k) plan?

Yes, employees of Cognizant Technology Solutions can select from a variety of investment options within the 401(k) plan to tailor their retirement savings according to their risk tolerance and investment goals.

What is the eligibility requirement for the 401(k) plan at Cognizant Technology Solutions?

Employees of Cognizant Technology Solutions are generally eligible to participate in the 401(k) plan after completing a specified period of service, often within the first year of employment.

How can employees of Cognizant Technology Solutions enroll in the 401(k) plan?

Employees can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance with the enrollment process.

What is the contribution limit for the 401(k) plan at Cognizant Technology Solutions?

The contribution limit for the 401(k) plan at Cognizant Technology Solutions is aligned with IRS guidelines, which may change annually. Employees should check the latest limits each year.

Does Cognizant Technology Solutions offer a Roth 401(k) option?

Yes, Cognizant Technology Solutions may offer a Roth 401(k) option, allowing employees to make after-tax contributions for tax-free withdrawals in retirement.

What happens to my 401(k) plan if I leave Cognizant Technology Solutions?

If you leave Cognizant Technology Solutions, you can choose to roll over your 401(k) balance to another retirement account, cash out, or leave it in the plan, subject to the plan's rules.

Are there any fees associated with the 401(k) plan at Cognizant Technology Solutions?

Yes, there may be administrative fees and investment-related fees associated with the 401(k) plan at Cognizant Technology Solutions, which are disclosed in the plan documents.

Can I take a loan against my 401(k) plan at Cognizant Technology Solutions?

Yes, Cognizant Technology Solutions may allow employees to take loans against their 401(k) balance, subject to specific terms and conditions outlined in the plan.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Cognizant Technology Solutions offers a 401(k) plan with a company match, generally providing a 50% match on the first 6% of an employee's base salary. Employees become eligible for this plan after one year of service. The company's pension plan, referred to internally as the "Cognizant Retirement Savings Plan," is more traditional and generally available to long-term employees who meet specific years of service and age requirements. The formula for the pension plan is based on final average pay and years of service. Information can be found in Cognizant's internal documentation and employee benefits guides

Restructuring Layoffs: In 2023, Cognizant announced plans to lay off 3,500 employees as part of its "NextGen" cost reduction program. This move is aimed at reducing operational costs and optimizing its office space to adapt to a post-pandemic hybrid work environment. The layoffs are expected to save the company $100 million annually, although it will incur costs of around $400 million spread across 2023 and 2024. It is crucial to address this news due to the current economic, investment, and political environment affecting IT services companies, which are struggling to maintain profit margins while facing muted revenue growth.

Cognizant's Stock Options and RSUs Cognizant offers RSUs (Restricted Stock Units), which are typically granted to eligible employees, including executives and other key contributors. These RSUs vest over time, usually based on a pre-determined schedule, and convert into actual shares of stock once they are fully vested. In contrast to stock options, employees receiving RSUs do not need to purchase the shares; instead, they receive the shares directly once the RSUs vest. In 2022, 2023, and 2024, Cognizant continued to provide these RSUs as part of their incentive programs, with eligibility typically extending to director-level positions and above. Employees at Cognizant who meet specific performance or tenure criteria are also considered for stock option grants, allowing them to purchase company shares at a set price after a specific period. These grants are usually awarded as part of annual performance reviews or as part of a signing bonus for new hires.

For Cognizant Technology Solutions, their health benefits in 2022, 2023, and 2024 focus on providing comprehensive healthcare packages. These benefits include Health Savings Accounts (HSA), Flexible Spending Accounts (FSA), and high-deductible health plans (HDHP), reflecting industry standards. The company also offers mental health resources and telemedicine options, highlighting their commitment to employee well-being. Recent news indicates that Cognizant is actively involved in healthcare IT, managing critical services for Horizon Healthcare Services, which underscores their ongoing investments in the healthcare sector.

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For more information you can reach the plan administrator for Cognizant Technology Solutions at 500 Frank W. Burr Blvd. Teaneck, NJ 7666; or by calling them at (201) 801-0233.

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