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

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

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Healthcare Provider Update: Yum Brands employs Cigna Healthcare as their healthcare provider, offering various health insurance plans and services to their employees. As we look towards 2026, healthcare costs are anticipated to rise significantly across the United States, with some states projecting ACA marketplace health insurance premiums to increase by more than 60%. Factors contributing to this trend include the potential expiration of enhanced federal premium subsidies and escalating medical costs, with many insurers citing an average medical trend increase of 7% to 10%. This combination could lead to substantial out-of-pocket expenses for thousands of employees, including those at Yum Brands, as they face the looming specter of higher premiums and reduced financial assistance. It's essential for employees to prepare by evaluating their healthcare options carefully and considering their financial situation. 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 Yum Brands 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 Yum Brands 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 Yum Brands careers into a phase of life where tranquility and well-being become the ultimate luxury. 

What is the 401(k) plan offered by Yum Brands?

The 401(k) plan at Yum Brands is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

Does Yum Brands match employee contributions to the 401(k) plan?

Yes, Yum Brands offers a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.

What are the eligibility requirements for participating in Yum Brands' 401(k) plan?

Employees of Yum Brands are eligible to participate in the 401(k) plan after completing a specified period of service, typically within the first year of employment.

How can Yum Brands employees enroll in the 401(k) plan?

Yum Brands employees can enroll in the 401(k) plan through the company’s benefits portal or by contacting the Human Resources department for assistance.

What investment options are available in the Yum Brands 401(k) plan?

The Yum Brands 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

Can Yum Brands employees change their contribution percentage for the 401(k) plan?

Yes, Yum Brands employees can change their contribution percentage at any time, allowing them to adjust their savings according to their financial situation.

What is the vesting schedule for Yum Brands' 401(k) matching contributions?

The vesting schedule for Yum Brands' 401(k) matching contributions typically follows a graded vesting schedule, meaning employees earn ownership of the match over a period of time.

Are there any fees associated with Yum Brands' 401(k) plan?

Yes, Yum Brands' 401(k) plan may have administrative fees and investment-related fees, which are disclosed in the plan documents provided to employees.

How often can Yum Brands employees access their 401(k) account statements?

Yum Brands employees can access their 401(k) account statements quarterly through the plan’s online portal.

What happens to Yum Brands employees' 401(k) accounts if they leave the company?

If Yum Brands employees leave the company, they can either roll over their 401(k) balance to another retirement account, leave it in the Yum Brands plan (if eligible), or cash it out, subject to taxes and penalties.

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For more information you can reach the plan administrator for Yum Brands at 1900 Colonel Sanders Ln. Louisville, KY 40213; or by calling them at 502-874-8300.

*Please see disclaimer for more information

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