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

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Discover the Best U.S. Cities for a Thriving Retirement After Leaving Catalent: Your Guide to Exceptional Healthcare and Lifestyle Choices

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Healthcare Provider Update: Healthcare Provider for Catalent Catalent, a prominent player in the biopharmaceutical industry, collaborates with various healthcare providers to optimize its services. One of the notable healthcare partners for Catalent is UnitedHealthcare, which often works with organizations like Catalent to ensure streamlined processes in drug delivery and related healthcare services. Potential Healthcare Cost Increases in 2026 In 2026, healthcare costs are expected to rise significantly, primarily driven by looming federal policies and medical inflation. Reports indicate that Affordable Care Act (ACA) premiums may surge due to the potential expiration of enhanced premium subsidies, causing many policyholders to face out-of-pocket increases of over 75%. Insurers are already proposing steep rate hikes, with some states expected to see increases as high as 66%. This combination of factors, including rising healthcare service costs and more aggressive premium strategies from insurers, is set to intensify financial pressures on consumers in the coming year. Click here to learn more

Introduction

There is no denying the link between excellent healthcare and a fulfilling retirement years. Whether Catalent individuals retire early or at a typical age, one thing that is certain is that they will need more medical care and that the prices will rise accordingly. Therefore, retirees would be sensible to prioritize living in areas with first-rate medical services. This article examines twelve American communities that stand out for offering Catalent seniors excellent healthcare, guaranteeing a happy and health-conscious retirement.

1. Rochester, Minnesota

Rochester is known for its top-notch medical facilities, most notably the Mayo Clinic, which is a world authority on medical treatment and research. This city serves both domestic and foreign patients as a center for people looking for cutting-edge medical care and opportunities to participate in innovative clinical trials.

2. Truckee, California

Retirees are drawn to Truckee, which is tucked away in the Sierra Nevada Mountains and offers a wealth of outdoor recreational opportunities. It is the location of the Gene Upshaw Memorial Tahoe Forest Cancer Center, which is well-known for providing elite cancer care in addition to auxiliary services including fitness classes designed specifically for cancer patients and survivors.

3. St. George, Utah


St. George receives praise for senior health care despite Utah's low ratio of older citizens. With its many golf courses, the city is a sanctuary for active Catalent retirees. Parts of Utah, Arizona, and Nevada are served by St. George Regional Hospital, which acts as the region's main hospital.

4. Salt Lake City, Utah

A combination of outstanding medical facilities and active lifestyle options are available in Salt Lake City. This city is home to the University of Utah Hospital, which is renowned for its excellence in lung surgery, ophthalmology, and cancer treatment. It also boasts senior-friendly recreational opportunities.

5. Pinehurst, North Carolina

Pinehurst, a peaceful and pleasant community, is becoming a center for healthcare in the area. It offers complete medical care and is home to a regional hospital, specialist surgery center, heart center, and cancer center that opened recently.

6. Naples, Florida

Catalent retirees in Naples can live a healthy lifestyle surrounded by tropical landscapes. Adjacent to the Everglades, the city is home to the NCH Baker Hospital, a premier medical facility and part of the Mayo Clinic Care Network.

7. The Villages, Florida

Located in central Florida, this master-planned community for seniors offers a variety of amenities to promote healthy living. Nine care centers that offer both general and specialist healthcare services are located within The Villages.

8. Lincoln, Nebraska

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Catalent retirees can enjoy a range of healthful activities and educational opportunities in Lincoln, the capital of Nebraska. Despite Omaha having more hospitals, Lincoln's close proximity guarantees prompt access to high-quality medical treatment.

9. Portland, Maine

The surrounding natural settings of Portland offer many of chances for retired people who are active. Maine Medical facility, the best hospital in the city, has a geriatric facility that specializes in outpatient care, consultations, and health advice for senior citizens.

10. Seattle, Washington

With a vast network of urban parks and trails, Seattle is an outdoor enthusiast's dream come true despite its milder climate. According to a recent WalletHub survey, the city is considered healthiest due to its abundance of green areas, wholesome food alternatives, and top-notch medical facilities, including UW Medical Center, which is renowned for its outstanding care.

11. Scottsdale, Arizona

Scottsdale, which has a sizable senior population, provides retirees with a lifestyle that is centered on the community. Renowned for its balmy winters and continuous sunshine, the city is home to a Mayo Clinic branch.

12. Atlanta, Georgia

Atlanta is a leader in offering senior support programs funded by the city. Additionally, the city is home to several top-notch hospitals, including Emory University Hospital.

Conclusion

It is impossible to overestimate the significance of having affordable, high-quality medical care, particularly in retirement. It's critical to assess hospital accessibility, ratings, and services when choosing retirement communities. These twelve cities are outstanding examples of how to combine first-rate healthcare with a way of life that promotes a happy, healthy retirement from Catalent.

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In addition to the cities mentioned, Asheville, North Carolina, has recently garnered attention as a prime retirement destination for those seeking quality healthcare. According to a report from U.S. News & World Report (2023), Asheville features first-rate healthcare facilities like the Mission Hospital, recognized for its robust geriatric program. This is particularly relevant for retirees who prioritize specialized elderly care. Asheville's blend of picturesque landscapes and a focus on wellness, including numerous health-centric community programs, further elevates its appeal to those entering their golden years. This combination of healthcare excellence and a lifestyle conducive to well-being makes Asheville an ideal choice for retirees.

Choosing a retirement city for its healthcare quality is like selecting a fine wine for a distinguished palate: just as a connoisseur picks a wine not only for its flavor but for its aging potential and the vineyard's reputation, a discerning retiree selects a city not just for its immediate appeal but for its long-term health benefits and the caliber of its medical facilities. Cities like Rochester, Asheville, and Naples are akin to vintage wines from esteemed vineyards - they promise a retirement enriched by top-tier healthcare, akin to how a fine wine ensures an exquisite, lingering taste, enhancing the golden years with health and vitality.

What is the Catalent 401(k) Savings Plan?

The Catalent 401(k) Savings Plan is a retirement savings plan that allows employees to save for their future by contributing a portion of their salary on a pre-tax or Roth after-tax basis.

How can I enroll in the Catalent 401(k) Savings Plan?

Employees can enroll in the Catalent 401(k) Savings Plan by accessing the benefits portal or contacting Human Resources for guidance on the enrollment process.

What are the eligibility requirements for the Catalent 401(k) Savings Plan?

To be eligible for the Catalent 401(k) Savings Plan, employees typically need to be at least 21 years old and have completed a specified period of service with the company.

Does Catalent offer a company match for the 401(k) Savings Plan?

Yes, Catalent offers a company match for contributions made to the 401(k) Savings Plan, which helps employees maximize their retirement savings.

How much can I contribute to the Catalent 401(k) Savings Plan?

Employees can contribute up to the IRS annual limit to the Catalent 401(k) Savings Plan, which may vary each year. It’s important to check the current limits.

When can I start making contributions to the Catalent 401(k) Savings Plan?

Employees can start making contributions to the Catalent 401(k) Savings Plan after they complete the eligibility requirements and enroll in the plan.

Can I change my contribution amount in the Catalent 401(k) Savings Plan?

Yes, employees can change their contribution amount at any time during the year by accessing the benefits portal or contacting Human Resources.

What investment options are available in the Catalent 401(k) Savings Plan?

The Catalent 401(k) Savings Plan offers a variety of investment options, including mutual funds and target-date funds, allowing employees to choose based on their risk tolerance and retirement goals.

How often can I change my investment allocations in the Catalent 401(k) Savings Plan?

Employees can change their investment allocations in the Catalent 401(k) Savings Plan at any time, subject to the plan's trading restrictions.

What happens to my Catalent 401(k) Savings Plan if I leave the company?

If you leave Catalent, you have several options for your 401(k) Savings Plan, including rolling it over to another qualified plan, cashing it out, or leaving it in the Catalent plan if permitted.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Catalent's Pension Plan: Catalent offers a comprehensive retirement benefits package designed to support its employees' financial wellness. The primary pension plan provided by Catalent is known as the "Catalent Pension Plan." This plan includes a defined benefit formula based on an employee’s years of service and final average pay. Typically, to qualify for the pension plan, employees must have a minimum of five years of service and be at least 55 years of age. The specific pension formula details and eligibility criteria are laid out in the employee benefits documentation provided internally by Catalent​ (Catalent)​ (Catalent Investor Relations)​ (FiercePharma). Catalent's 401(k) Plan: Catalent also offers a 401(k) plan to its employees, which is referred to as the "Catalent 401(k) Savings Plan." Employees are eligible to participate in the 401(k) plan from their first day of employment. The company provides a generous matching contribution, where Catalent matches 50% of the first 6% of the employee's contributions. This plan is designed to help employees save for retirement with the added benefit of tax deferral on contributions and earnings​
Catalent has been undergoing significant restructuring since 2023, including multiple rounds of layoffs affecting various facilities. In late 2023, the company laid off approximately 300 employees as part of a cost-cutting initiative aimed at consolidating its facilities. This was followed by further layoffs in early 2024, including the reduction of 130 staff members at its Bloomington, Indiana site, which is being sold to Novo Nordisk as part of a broader $16.5 billion acquisition deal expected to close by the end of 2024. The restructuring is driven by reduced demand for COVID-19-related services and a need to increase efficiency and reduce costs across its operations. Importance: Addressing this news is crucial due to the current economic environment, where companies are navigating the aftermath of the pandemic, fluctuating demand, and economic pressures. These changes also reflect broader trends in the biopharma industry, where consolidation and cost-cutting measures are common as companies adjust to new market realities​
Stock Options: Catalent offers stock options to its employees as part of its long-term incentive plan. These options are designed to align the interests of employees with those of shareholders. Employees receive the right to purchase company stock at a predetermined price, known as the exercise price, after a specified vesting period. Restricted Stock Units (RSUs): Catalent also provides RSUs to its employees, which represent a promise to deliver shares of the company's stock in the future. RSUs typically vest over a period of time, encouraging employees to remain with the company. Once vested, the RSUs are converted into shares, which the employee can then sell or hold.
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For more information you can reach the plan administrator for Catalent at 14 Schoolhouse Road Somerset, NJ 8873; or by calling them at +1 908-809-1300.

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