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

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Cardinal Health Employees: Discover Which States Offer the Best Environment for a Stress-Free Retirement!

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Healthcare Provider Update: Healthcare Provider for Cardinal Health Cardinal Health's operations primarily encompass the distribution of pharmaceuticals and medical products, but it does not operate as a traditional healthcare provider like a hospital or clinic. Instead, it partners with various healthcare providers, serving as a critical supply chain partner for hospitals, health systems, and pharmacies. Potential Healthcare Cost Increases in 2026 In 2026, healthcare costs are projected to rise significantly, impacting employees at Cardinal Health. Factors such as the expiration of enhanced federal subsidies and rising medical expenses are leading to substantial increases in insurance premiums, with some markets expecting hikes of over 60%. As a result, many employees may face higher out-of-pocket costs for their healthcare, necessitating careful planning and benefit review to mitigate this financial strain. Companies, including Cardinal Health, are likely to adjust their benefit structures to manage these cost pressures, leading to higher deductibles and coinsurance for workers. Click here to learn more

The contemporary era presents a myriad of stressors, from the unpredictable housing market to escalating grocery prices. Indeed, the intensity of stress an individual encounters can significantly hinge on their geographical location, as recent research reveals.

A comprehensive study conducted by WalletHub earlier in the year embarked on the ambitious task of ranking the “most and least stressed” states across the United States. This expansive report utilized a comparative analysis across the 50 states, examining them through the lens of 41 distinct metrics. These indicators encompassed a range of factors including the unemployment rate, income growth trajectory, separation and divorce rates, mental health statistics, and the affordability of medical consultations.

In order to distill these broad metrics into actionable insights for Cardinal Health professionals, the states were evaluated based on four primary dimensions of stress:

  1. Work-related stress,
  2. Financial stress,
  3. Family-related stress, and
  4. Health and safety-related stress.

This intricate analysis was fortified by data sourced from reputable institutions such as the U.S. Census Bureau, the Bureau of Labor Statistics, and the Centers for Disease Control and Prevention, among others.

In an intriguing revelation, the report not only provided a holistic stress ranking but also delved into specific categories like the average number of sleep hours residents get each night, the number of practicing psychologists per capita, and the average weekly work hours.

Mississippi emerged at the forefront of this study, unfortunately bearing the title of the most stressed state. It was particularly impacted by financial stress despite boasting the lowest cost of living in the country. Contrasting its affordable living, it faces challenges with educational attainment and workforce productivity, alongside having one of the most substantial rates of worker migration, as detailed by a CNBC report.

Conversely, the spectrum's other end highlighted states like Utah, Connecticut, and South Dakota, known for their comparatively low stress levels. Interestingly, states like Hawaii and Florida, often celebrated for their high happiness indices, did not feature in the top ten of this list.

Topping the chart as the epitome of tranquility was Minnesota, recognized as the least stressed state. Minnesotans reported minimal stress related to finances and family. Moreover, Minnesota was celebrated for offering its residents nearly the highest average sleep hours, trailing only behind Colorado. Famously referred to as the “Land of 10,000 Lakes,” Minnesota has also been acclaimed as one of the prime states for both living and professional engagement, as per CNBC’s annual assessment.

Following closely was Utah, securing the second position. Remarkably, Utah recorded the fewest work hours per week on average, a low poverty rate, and the nation’s lowest divorce statistics. In an adjunct study by WalletHub, Utah was distinguished as the happiest state, partly owing to its impressive volunteer rate standing at 40.7% - a stark contrast to Florida’s significantly lower rate.

New Hampshire consolidated the top three, standing out with the lowest proportion of adults in fair or poor health and an impressive average credit score of 729, as per CNBC Select. It boasts one of the lowest poverty and crime rates per capita. The city of Nashua in Hillsborough County, New Hampshire, in particular, enjoys the reputation of being the safest in the country, making it one of the state's most desirable living destinations, according to Niche. Further, Census Bureau data indicates that New Hampshire ranks among the wealthiest and most educated in the nation, enhanced by its lack of income tax on wages and sales tax.

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A crucial aspect contributing to Minnesota's low stress levels, particularly relevant to Cardinal Health professionals nearing or in retirement, is the state's robust healthcare system. According to U.S. News & World Report (2021), Minnesota is ranked 3rd in healthcare access and 11th in healthcare quality nationwide, ensuring its residents, especially those in older demographics, have ample access to superior medical care. This accessibility is paramount for those transitioning from active working life, as they can rely on high-quality healthcare services, a factor significantly alleviating health-related stress often accompanying this life stage.

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Navigating the states of America in search of the ideal place to retire is akin to sifting through a box of assorted chocolates, each piece uniquely flavored with different fillings representing various lifestyle factors. Minnesota, in this assortment, is the coveted dark chocolate truffle — rich in quality healthcare, laden with the sweetness of plentiful sleep, and enrobed in the smooth texture of low financial and family-related stress. Just as dark chocolate is known for its health benefits and stress-reducing antioxidants, Minnesota offers a blend of life-enhancing qualities that melt away worries, making it the choice morsel for those seasoned professionals stepping away from their bustling Cardinal Health careers into a phase of life where tranquility and well-being become the ultimate luxury. 

What is the 401(k) plan offered by Cardinal Health?

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

How does Cardinal Health match employee contributions to the 401(k) plan?

Cardinal Health offers a matching contribution to the 401(k) plan, where the company matches a percentage of employee contributions up to a certain limit.

What are the eligibility requirements for Cardinal Health's 401(k) plan?

Employees of Cardinal Health are generally eligible to participate in the 401(k) plan after completing a specified period of service, typically 30 days.

Can employees of Cardinal Health change their contribution percentages to the 401(k) plan?

Yes, employees can change their contribution percentages to the Cardinal Health 401(k) plan at any time, subject to certain guidelines.

What investment options are available in Cardinal Health's 401(k) plan?

Cardinal Health's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.

Is there a vesting schedule for Cardinal Health's 401(k) matching contributions?

Yes, Cardinal Health has a vesting schedule for matching contributions, which means employees must work for a certain number of years to fully own the matched funds.

How can employees access their 401(k) account information at Cardinal Health?

Employees can access their 401(k) account information through Cardinal Health's employee portal or by contacting the plan administrator.

What happens to my Cardinal Health 401(k) if I leave the company?

If you leave Cardinal Health, you can choose to leave your 401(k) funds in the plan, roll them over to another retirement account, or withdraw the funds, subject to tax implications.

Are there loan options available through Cardinal Health's 401(k) plan?

Yes, Cardinal Health allows employees to take loans against their 401(k) balance, subject to specific terms and conditions.

What is the maximum contribution limit for Cardinal Health's 401(k) plan?

The maximum contribution limit for Cardinal Health's 401(k) plan is in line with IRS guidelines, which may change annually.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Major distributor of pharmaceuticals
Cardinal Health offers RSUs and stock options to certain employees. These RSUs vest over time, aligning employee interests with company performance.
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