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

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

Healthcare Provider Update: Healthcare Provider for Lincoln National: Lincoln National Corporation does not directly provide healthcare services. Instead, it operates as a financial services company that offers various insurance and investment solutions. For healthcare coverage, Lincoln National collaborates with health insurance providers like Aetna for its employee benefits and health-related products. Potential Healthcare Cost Increases in 2026: Healthcare costs are projected to rise significantly in 2026, driven by factors such as inflation in medical care and large anticipated increases from major insurers. Premiums for Affordable Care Act (ACA) marketplace plans could soar by over 20% on average, with some states facing hikes that exceed 60%. The potential expiration of enhanced premium subsidies will further exacerbate the situation, leading to a staggering increase of over 75% in out-of-pocket costs for many enrollees. As a result, consumers will need to navigate these challenges carefully, focusing on proactive strategies to manage their healthcare expenses effectively. Click here to learn more

Introduction

There is no denying the link between excellent healthcare and a fulfilling retirement years. Whether Lincoln National 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 Lincoln National 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 Lincoln National 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

Lincoln National 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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Lincoln National 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 Lincoln National.

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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 primary purpose of Lincoln National's 401(k) Savings Plan?

The primary purpose of Lincoln National's 401(k) Savings Plan is to help employees save for retirement by providing tax-advantaged investment options.

How can employees at Lincoln National enroll in the 401(k) Savings Plan?

Employees at Lincoln National can enroll in the 401(k) Savings Plan through the company’s online benefits portal or by contacting the HR department for assistance.

Does Lincoln National match employee contributions to the 401(k) Savings Plan?

Yes, Lincoln National offers a matching contribution to the 401(k) Savings Plan, which helps employees maximize their retirement savings.

What types of investments are available in Lincoln National's 401(k) Savings Plan?

Lincoln National's 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.

What is the minimum contribution percentage for Lincoln National's 401(k) Savings Plan?

The minimum contribution percentage for Lincoln National's 401(k) Savings Plan is typically set at 1% of an employee's salary, but employees are encouraged to contribute more if possible.

Can employees at Lincoln National take loans against their 401(k) Savings Plan balance?

Yes, Lincoln National allows employees to take loans against their 401(k) Savings Plan balance under certain conditions.

What happens to my 401(k) Savings Plan if I leave Lincoln National?

If you leave Lincoln National, you can choose to roll over your 401(k) Savings Plan balance into an IRA or another qualified retirement plan, or you may withdraw the funds, subject to taxes and penalties.

How often can employees change their contribution amounts to Lincoln National's 401(k) Savings Plan?

Employees at Lincoln National can change their contribution amounts to the 401(k) Savings Plan at any time, subject to certain administrative deadlines.

Are there any fees associated with Lincoln National's 401(k) Savings Plan?

Yes, Lincoln National's 401(k) Savings Plan may have administrative fees and investment-related fees, which are disclosed in the plan documents.

What educational resources does Lincoln National provide to help employees understand the 401(k) Savings Plan?

Lincoln National offers educational resources such as workshops, online tools, and one-on-one consultations to help employees understand and manage their 401(k) Savings Plan.

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

Lincoln National offers a comprehensive retirement package, including a pension plan and the LNC Employees' 401(k) Savings Plan. The pension plan, also known as a defined benefit plan, provides employees with a guaranteed retirement income based on their years of service and salary. The exact formula for the pension plan includes a specific percentage of the final average salary multiplied by the number of years of service. The minimum service requirement is typically five years, and the pension benefits become fully vested at this point. Employees must meet certain age qualifications, generally beginning at age 55 with early retirement options. The 401(k) Savings Plan, also referred to as a defined contribution plan, allows employees to contribute a portion of their pre-tax salary. Lincoln National matches these contributions up to a certain percentage. In 2022, 2023, and 2024, Lincoln enhanced its 401(k) offerings by providing more investment options and improved online tools to help employees manage their retirement savings. Employees become eligible for the 401(k) plan after completing one year of service and reaching age 21. The LNC Employees' 401(k) Savings Plan is notable for its flexibility, allowing participants to make both pre-tax and Roth contributions (lincolnfinancial) (Business Wire).

Lincoln National Corporation has experienced significant restructuring efforts in 2023 and 2024, including layoffs and changes to its workforce. In early 2024, the company announced a 5% reduction in its workforce, impacting employees across various segments. These layoffs are part of a broader strategic realignment aimed at addressing the company's financial difficulties, which have been compounded by external pressures such as inflation, regulatory changes, and market volatility. Additionally, Lincoln National saw a substantial financial loss in the fourth quarter of 2023, reporting a net loss of $1.2 billion. This loss led to further emphasis on cost-cutting measures, including benefit restructuring, workforce reductions, and pension adjustments (S&P Global) (AM Best).

For Lincoln National, both employee stock options and Restricted Stock Units (RSUs) are made available as part of their equity compensation plans to incentivize and retain key employees. Lincoln National offers RSUs to employees, with vesting schedules that typically follow a multi-year plan, often with a cliff period followed by gradual vesting. This aligns with common industry practices, where RSUs are granted without an upfront purchase requirement, and they are taxed as ordinary income when they vest (Zajac Group) (Facet). RSUs at Lincoln National are distributed based on performance and employment status, with eligibility generally extending to full-time employees, directors, and some high-level contractors (MarketBeat). In addition to RSUs, Lincoln National also offers Non-Qualified Stock Options (NQSOs). These stock options provide employees the right to purchase company shares at a fixed strike price, with taxation occurring when the options are exercised and based on the difference between the exercise price and the fair market value (Facet) (Brooklyn Fi). Stock options are generally awarded to senior employees, allowing them to benefit from any increase in Lincoln National’s stock price over time.

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For more information you can reach the plan administrator for Lincoln National at , ; or by calling them at .

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