Healthcare Provider Update: Healthcare Provider for MGM Resorts International MGM Resorts International primarily collaborates with various healthcare providers depending on the location and specific needs of their employees. However, the organization does not disclose a singular healthcare provider in publicly available resources. The company typically partners with major health insurance companies to offer medical benefits to its workforce. Potential Healthcare Cost Increases in 2026 As we approach 2026, MGM Resorts International employees are facing significant challenges concerning healthcare costs. With anticipated premium hikes on Affordable Care Act (ACA) marketplace plans, some states may see increases exceeding 60%. Without an extension of enhanced federal premium subsidies, many employees could experience premium surges of up to 75%. This financial burden is compounded by soaring medical costs associated with advances in therapies, such as GLP-1 medications, alongside aggressive rate hikes from top insurers. As a result, employees might find themselves shouldering a greater share of healthcare expenses, necessitating strategic planning to mitigate these anticipated increases. Click here to learn more
A recent study conducted by Security.org unveiled surprising trends regarding social media usage across generations,
with a significant focus on baby boomers. Contrary to popular belief, which often associates social media prowess with younger demographics like millennials, it appears that baby boomers are not only active users but also greatly benefit from their online interactions. This revelation questions the stereotype of social media being predominantly a young person’s arena.
The research led by Corie Colliton reveals an impressive 84% of baby boomers believe that social media positively influences their lives—a stark contrast to the 33%
of millennials who view their online interactions negatively. This difference is especially striking given the high integration of social media in the daily routines of younger generations.
For baby boomers at MGM Resorts International, this affinity for social media may stem from their unique historical context. Having witnessed the dawn of television, the expansion of cable, and the birth of the internet, they have embraced each new technological wave as a fresh media outlet. This extensive exposure to tech innovations likely contributes to their adaptive and favorable use of social media platforms.
However, the way baby boomers engage with social media differs significantly from younger users. They tend to spend less time online, which might lead to a more satisfying and less overwhelming online experience. MGM Resorts International employees from this generation typically use social platforms to stay connected with friends and family, enhancing their sense of happiness linked to these interactions.
According to Statista, YouTube tops the charts as the favorite platform among baby boomers, with 70% using it regularly, closely followed by Facebook.
This preference aligns with traditional media consumption patterns that favor content viewing over interactive engagement. Usage rates for other platforms like Pinterest, LinkedIn, and Instagram vary, with Twitter and Snapchat being less popular among this demographic.
When interacting with technology, baby boomers at MGM Resorts International often utilize a single index finger for typing on smartphones—a method reminiscent of older dialing techniques. This contrasts with the thumb-typing speed common among younger generations.
The study also sheds light on broader cultural attitudes toward social media. Only 26.5% of boomers believe social media should not exist, compared to 44% of millennials. This indicates a generational divide in how social media is perceived within society.
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Interestingly, the study finds that positive sentiments about social media often come from Southern male boomers who are married, hold at least an associate degree, and lean politically to the right. In contrast, millennial women from the Midwest, who are single and lean left politically, generally have a less favorable view of social media.
For MGM Resorts International employees approaching retirement, the role of social media is increasingly vital.
A 2022 Financial Times survey
highlighted that about 60% of baby boomers now engage with financial content on platforms like Facebook and YouTube. They use these sites not only for personal connections but also to monitor market trends, seek financial advice, and manage their retirement planning.
For baby boomers at MGM Resorts International, mastering social media is like rediscovering a cherished classic car with modern updates. They appreciate the blend of traditional engagement and new-age digital tools, enjoying the journey much like driving a well-loved, refurbished car on modern roads. This generation values the integration of conventional wisdom with innovative technologies, enhancing their experience as they navigate through the evolving digital landscape.
What type of retirement savings plan does MGM Resorts International offer to its employees?
MGM Resorts International offers a 401(k) retirement savings plan to help employees save for their future.
Does MGM Resorts International match employee contributions to the 401(k) plan?
Yes, MGM Resorts International provides a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.
What is the eligibility requirement for employees to participate in MGM Resorts International's 401(k) plan?
Employees of MGM Resorts International are eligible to participate in the 401(k) plan after completing a specified period of service, typically within the first year of employment.
Can employees of MGM Resorts International choose how much to contribute to their 401(k) plan?
Yes, employees at MGM Resorts International can choose their contribution percentage within the limits set by the IRS.
What investment options are available in the MGM Resorts International 401(k) plan?
The 401(k) plan at MGM Resorts International offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to diversify their portfolios.
How can MGM Resorts International employees access their 401(k) account information?
Employees of MGM Resorts International can access their 401(k) account information through the company’s designated retirement plan website or mobile app.
Is there a vesting schedule for the employer match in MGM Resorts International's 401(k) plan?
Yes, MGM Resorts International has a vesting schedule for the employer match, meaning employees must work for a certain period to fully own the matched contributions.
What happens to my 401(k) plan if I leave MGM Resorts International?
If you leave MGM Resorts International, you can choose to leave your 401(k) funds in the plan, roll them over to an IRA, or transfer them to a new employer's retirement plan.
Can MGM Resorts International employees take loans against their 401(k) savings?
Yes, MGM Resorts International allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.
Are there penalties for early withdrawal from the MGM Resorts International 401(k) plan?
Yes, early withdrawals from the MGM Resorts International 401(k) plan may incur taxes and penalties unless specific exceptions apply.