Healthcare Provider Update: Healthcare Provider for PENN Entertainment PENN Entertainment primarily offers health insurance plans through its partnership with UnitedHealthcare, among other options, to provide a range of healthcare benefits for its employees. Potential Healthcare Cost Increases in 2026 As we approach 2026, healthcare costs for PENN Entertainment employees are poised to rise significantly, driven by anticipated record increases in Affordable Care Act (ACA) premiums. Analysts expect average premium hikes to exceed 19% nationally, with some states reporting increases up to 66%. The looming expiration of enhanced federal premium subsidies could exacerbate these increases, potentially raising out-of-pocket costs for employees by 75% or more. As companies navigate these challenges, it may be imperative for employees to evaluate their health coverage options carefully and consider proactive measures to mitigate the anticipated financial impact. 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 PENN Entertainment, 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. PENN Entertainment 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 PENN Entertainment 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 PENN Entertainment 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 PENN Entertainment, 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 types of retirement plans does PENN Entertainment offer to its employees?
PENN Entertainment offers a 401(k) retirement savings plan to help employees save for their future.
How can employees at PENN Entertainment enroll in the 401(k) plan?
Employees can enroll in the PENN Entertainment 401(k) plan by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.
Does PENN Entertainment match employee contributions to the 401(k) plan?
Yes, PENN Entertainment offers a matching contribution program for employee contributions to the 401(k) plan, subject to specific terms and conditions.
What is the maximum contribution limit for the PENN Entertainment 401(k) plan?
The maximum contribution limit for the PENN Entertainment 401(k) plan is in accordance with IRS guidelines, which may change annually.
Can employees at PENN Entertainment take loans against their 401(k) savings?
Yes, PENN Entertainment allows employees to take loans against their 401(k) savings, subject to the plan's rules and limits.
What investment options are available in the PENN Entertainment 401(k) plan?
The PENN Entertainment 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Is there a vesting schedule for employer contributions in the PENN Entertainment 401(k) plan?
Yes, there is a vesting schedule for employer contributions in the PENN Entertainment 401(k) plan, which determines when employees fully own those contributions.
How often can employees at PENN Entertainment change their 401(k) contribution amounts?
Employees at PENN Entertainment can change their 401(k) contribution amounts at designated times throughout the year, as specified in the plan guidelines.
What happens to my PENN Entertainment 401(k) if I leave the company?
If you leave PENN Entertainment, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it in the PENN Entertainment plan if permitted.
Are there any fees associated with the PENN Entertainment 401(k) plan?
Yes, there may be fees associated with the PENN Entertainment 401(k) plan, which can include administrative fees and investment management fees.