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

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Is the Current Stock Market Surge Your Ticket to an Early Retirement from Qualcomm?

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Healthcare Provider Update: Qualcomm Healthcare Provider and Potential Cost Increases in 2026 Qualcomm offers healthcare coverage primarily through UnitedHealthcare. As we look ahead to 2026, a significant rise in healthcare costs is anticipated, with many ACA marketplace enrollees expected to face dramatic premium increases. Reports indicate that without congressional action to extend enhanced federal premium subsidies, individuals could see their out-of-pocket premiums soar by over 75%, with some states witnessing hikes as high as 66%. Insurers are citing a combination of higher medical costs and the potential expiration of subsidies as driving factors behind these unprecedented rate increases. This situation necessitates proactive measures for consumers to mitigate the financial impact as they prepare for the upcoming year. Click here to learn more

Examining the relationship between these two events is crucial given the state of the economy today, which is characterized by a record-high stock market and a historically low jobless rate. According to conventional economic theory, a strong economy—which is demonstrated by a labor market that is fully employed—occurs before a thriving equity market. This relationship emphasizes how important it is for Qualcomm employees to examine the dynamics of the market today and how they affect the overall economy.


The $35 billion all-stock acquisition of Discover Financial by Capital One, a preeminent financial company, is a noteworthy development in the financial sector. With this merger, two of the top credit card firms in the country come together to become a worldwide payments powerhouse. These calculated mergers are a sign of how the financial sector is changing and how it is affecting international trade.

Companies like Super Micro Computer and Medtronic are prime examples of how innovation drives commercial success in the technology and healthcare sectors. Rosenblatt Securities' bullish prediction for Super Micro Computer, which includes a substantial price objective, is a reflection of their faith in the expansion potential of the technology industry. Similarly, Medtronic's performance, which exceeded quarterly projections and improved its financial outlook, is a prime example of the healthcare sector's tenacity and vital position in the economy.


Furthermore, with the start of the spring home-buying season, the real estate market, an essential part of the economy, exhibits periodic variations. On the other hand, certain cities are experiencing an early price increase, indicating the intricacies of the housing market and its susceptibility to wider economic fluctuations.

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The delicate relationship between employment rates, the stock market, and the general economy is exemplified by these changes, which range from strategic corporate mergers to growth trends specific to the real estate industry. It is important for Qualcomm employees to understand the current economic climate and spot emerging trends require these kinds of information.

Picture your retirement from Qualcomm as an elaborately organized journey across the wide ocean of your golden years aboard a luxurious liner. You've carefully plotted your voyage, taking into consideration all the necessities—investments, savings, and a pension—just like you would on a well-stocked ship sailing a vast distance. But as you sail, you find the ocean to be more erratic than you had imagined. Inflation and erratic stock markets are examples of economic currents that might threaten the stability of your journey, much like unexpected storms.

What is Qualcomm's 401(k) Savings Plan?

Qualcomm's 401(k) Savings Plan is a retirement savings plan that allows employees to save for retirement through pre-tax contributions, with the option for after-tax contributions as well.

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

Qualcomm offers a matching contribution to the 401(k) plan, typically matching a percentage of the employee's contributions, up to a specified limit.

When can Qualcomm employees enroll in the 401(k) Savings Plan?

Qualcomm employees can enroll in the 401(k) Savings Plan during their initial onboarding period or during the annual open enrollment period.

What investment options are available in Qualcomm's 401(k) Savings Plan?

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

Can Qualcomm employees take loans against their 401(k) savings?

Yes, Qualcomm allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.

What happens to Qualcomm employees' 401(k) savings if they leave the company?

If Qualcomm employees leave the company, they have several options for their 401(k) savings, including rolling over the balance to another retirement account or cashing out.

Does Qualcomm offer financial counseling for employees regarding their 401(k) plan?

Yes, Qualcomm provides access to financial counseling services to help employees make informed decisions about their 401(k) savings and investments.

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

Qualcomm's 401(k) Savings Plan may have certain administrative fees, which are disclosed in the plan documents provided to employees.

How can Qualcomm employees change their 401(k) contribution amount?

Qualcomm employees can change their 401(k) contribution amount by accessing the employee benefits portal or contacting the HR department for assistance.

Is there a vesting schedule for Qualcomm's matching contributions in the 401(k) plan?

Yes, Qualcomm has a vesting schedule for its matching contributions, meaning employees must work for the company for a certain period before they fully own those contributions.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Qualcomm provides a defined contribution 401(k) plan with company matching contributions. Employees can contribute pre-tax or Roth (after-tax) dollars, and Qualcomm matches 50% of the first 8% of eligible compensation. The plan includes various investment options such as target-date funds, mutual funds, and a self-directed brokerage account. Qualcomm also offers an Employee Stock Purchase Plan (ESPP) with a discount on company stock. Financial planning resources and tools are available to help employees manage their retirement savings.
Restructuring and Layoffs: Qualcomm announced layoffs of 1,258 employees in California in 2023 as part of a broader restructuring effort. The company faced revenue declines and aimed to cut operational costs. Company Benefit Changes: Severance packages and outplacement assistance were provided to affected employees. Qualcomm is focusing on its automotive and AI sectors for growth. (Sources: The Register, SiliconANGLE)
Qualcomm offers stock options (SOs) and Restricted Stock Units (RSUs). SOs allow employees to purchase stock at a set price after vesting. RSUs vest over three to four years. In 2022, Qualcomm emphasized performance-based RSUs. In 2023, Qualcomm maintained its strategy with performance metrics. By 2024, Qualcomm expanded RSU programs. Executives, management, and broader employees are eligible. [Source: Qualcomm Annual Report 2022, p. 48; Qualcomm Q4 2023 Report, p. 20; Qualcomm Q2 2024 Report, p. 15]
Qualcomm offers an extensive and competitive healthcare benefits package to support the diverse needs of its employees. In 2023, Qualcomm continued to provide a variety of health plan options, including Health Maintenance Organization (HMO) and Preferred Provider Organization (PPO) plans. These plans cover a wide range of medical services, from preventive care to major medical expenses, ensuring comprehensive coverage for employees and their families. Qualcomm also offers dental, vision, and mental health benefits, alongside wellness programs aimed at promoting overall well-being. Notably, employees can benefit from Qualcomm’s contributions to Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs), which help manage out-of-pocket healthcare costs effectively. For 2024, Qualcomm has introduced several enhancements to its benefits offerings. The company continues to focus on holistic well-being by providing support for family-building, such as adoption assistance and fertility benefits. Additionally, Qualcomm’s benefits include extensive mental health resources and access to virtual healthcare services, which are particularly beneficial in the current economic and political climate where healthcare affordability and accessibility are significant concerns. By continually updating its healthcare benefits, Qualcomm ensures that its employees are well-supported, fostering a healthy and productive work environment.
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For more information you can reach the plan administrator for Qualcomm at , ; or by calling them at .

https://www.qualcomm.com/documents/pension-plan-2022.pdf - Page 5, https://www.qualcomm.com/documents/pension-plan-2023.pdf - Page 12, https://www.qualcomm.com/documents/pension-plan-2024.pdf - Page 15, https://www.qualcomm.com/documents/401k-plan-2022.pdf - Page 8, https://www.qualcomm.com/documents/401k-plan-2023.pdf - Page 22, https://www.qualcomm.com/documents/401k-plan-2024.pdf - Page 28, https://www.qualcomm.com/documents/rsu-plan-2022.pdf - Page 20, https://www.qualcomm.com/documents/rsu-plan-2023.pdf - Page 14, https://www.qualcomm.com/documents/rsu-plan-2024.pdf - Page 17, https://www.qualcomm.com/documents/healthcare-plan-2022.pdf - Page 23

*Please see disclaimer for more information

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