<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

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

Learn More

Discover the Best Places for TravelCenters of America Employees to Retire in New England

image-table

Healthcare Provider Update: Healthcare Provider for TravelCenters of America TravelCenters of America employees have access to Aetna as their healthcare provider. This partnership typically offers a range of health insurance plans that include medical, dental, and vision coverage, tailored to the needs of their workforce. Potential Healthcare Cost Increases in 2026 As we look ahead to 2026, employees of TravelCenters of America should brace for significant healthcare cost increases. Premiums for Affordable Care Act (ACA) marketplace plans are anticipated to surge, with some states experiencing hikes exceeding 60%. This spike is driven by factors such as the potential end of enhanced federal premium subsidies and rising medical costs, including high-priced treatments and hospitalization expenses. Many large employers, including TravelCenters of America, may respond by shifting more costs onto employees, making it crucial for workers to evaluate their healthcare options and manage expenses proactively as these challenges loom. Click here to learn more

Despite New England's reputation for high living costs, difficult tax laws, and harsh winters, this region continues to attract retirees with its beautiful seasons and rich historical backdrop.  According to a national movers research conducted annually by United Van Lines, Vermont and Rhode Island were the most popular retirement locations in the United States in 2023.  This realization inspires a closer look at the area's retirement appeal, considering factors such as cost of living, safety, access to healthcare, and cultural vibrancy, especially for TravelCenters of America employees.

Connecticut: The Twofold Allure of Middletown

Beginning in Connecticut, Middletown, with an average family income of $90,731, is a prime example of the typical high-cost Northeastern municipality. The average income for residents 65 years of age and above is $47,599. Despite these figures, Middletown continues to attract retirees, especially because of its connection to Wesleyan University. By providing low-cost and free educational options through the Wesleyan Institute for Lifelong Learning, the university enriches the town's cultural landscape. With violent crime rates at a low 0.99 per 1,000 population, this area is significantly safer than nearby Hartford, where rates are 5.68 per 1,000.

Maine: The Urban Charm of Portland Amid Natural Magnificence

Portland, Maine, offers a desirable blend of access to the outdoors and metropolitan conveniences. Its downtown is lively, home to theaters, museums, and a wide variety of restaurants. The famous L.L. Bean store in Freeport, which is near the city, attracts both residents and visitors. In addition to beaches, the area provides winter sports like cross-country skiing and snowshoeing, as well as outdoor pursuits like fishing and kayaking, making it an attractive spot for TravelCenters of America employees seeking an active retirement.

Massachusetts: The Affordability of Pittsfield in a Cultural Center

In an otherwise pricey state, Pittsfield, Massachusetts, offers a more affordable option. The cost of living in the town is significantly less than that of large cities like Cambridge and Boston. Here, the average home value is $282,706, substantially less than the statewide average. Pittsfield is also known for its vibrant cultural environment, further enhanced by neighboring establishments like the Tanglewood Music Center and MASS MoCA.

Laconia, New Hampshire: Lakeside Living

With Gunstock Mountain Resort close by, Laconia, New Hampshire, nestled between Lake Winnipesaukee and Winnisquam Lake, offers a wealth of recreational possibilities.  The local crime rate reflects the low state average of 1.26 crimes per 1,000 residents. Notable tax perks also exist here;   New Hampshire grants exemptions from the state's interest and dividend taxes in addition to not taxing Social Security benefits, making it an attractive location for TravelCenters of America retirees.

Rhode Island: The Creative and Intellectual Offerings of Providence

For retirees engaged in creative and intellectual endeavors, Providence, Rhode Island, is a notable destination. The city is home to the Rhode Island School of Design and Brown University, and it boasts a booming restaurant scene, numerous cultural events, and educational options.  With Providence's average home value of $382,032 and the state's average effective property tax rate of 1.53%, retirees should exercise caution when considering the state's higher-than-average property tax rates.

Vermont: The Academically Rich and Eco-Friendly Burlington Environment

Nestled on the shores of Lake Champlain, Burlington, Vermont, is popular among environmentally conscious retirees due to its thriving local food movement and establishments such as Seventh Generation. Numerous outdoor activities, including biking, hiking, and water sports, are available in the city. Vermont is financially challenging due to its high taxes and cost of living.  In Burlington, the average home value is $512,485, and nursing home costs are very high. Nonetheless, a significant educational benefit is added by the University of Vermont, which grants free tuition to state residents 65 and older, a great perk for TravelCenters of America employees seeking continued learning.

Decisions Driven by Data

These decisions are supported by thorough data analysis:

  1. Costs of living information is sourced from Payscale.com.

  2. Featured Video

    Articles you may find interesting:

    Loading...

  3. Point2homes.com provides average income figures for those 65 years of age and above.

  4. The U.S. Census Bureau provides information on healthcare facilities, household incomes, and poverty rates.

  5. The scores for physical and community well-being are from Sharecare and Gallup, components of the larger Gallup-Sharecare Well-Being Index.

This comprehensive analysis of retirement locations in New England reveals a complex yet alluring world for seniors. When weighing economic and safety factors against cultural diversity, scenic beauty, and educational options, New England presents a compelling option for TravelCenters of America employees seeking a rewarding post-retirement lifestyle.

New England boasts some of the best healthcare facilities in the country, an important consideration for retirees. Boston's Massachusetts General Hospital ranked among the country's top five hospitals in U.S. News & World Report's 2023 rankings. For retirees who place a high value on their health and wellness, proximity to first-rate medical care ensures access to excellent healthcare services as they age.

Choosing the right retirement location in New England is akin to selecting a fine vintage wine. Retirees appreciate Middletown, Portland, Pittsfield, Laconia, Providence, and Burlington for their rich cultural offerings, historical significance, and tranquil landscapes, just as a connoisseur values a wine's complex flavors, elegant aging process, and regional characteristics. Each location promises a fulfilling retirement with its own balance of safety, healthcare accessibility, and recreational options, making them excellent choices for TravelCenters of America employees.

What type of retirement plan does TravelCenters of America offer to its employees?

TravelCenters of America offers a 401(k) retirement savings plan to its employees.

How can employees of TravelCenters of America enroll in the 401(k) plan?

Employees can enroll in the TravelCenters of America 401(k) plan by completing the enrollment form provided during orientation or through the company's benefits portal.

Does TravelCenters of America match employee contributions to the 401(k) plan?

Yes, TravelCenters of America offers a matching contribution to employees who participate in the 401(k) plan, subject to specific terms and conditions.

What is the eligibility requirement for TravelCenters of America employees to participate in the 401(k) plan?

Generally, employees of TravelCenters of America are eligible to participate in the 401(k) plan after completing a specified period of service, typically 30 days.

Can employees of TravelCenters of America take loans against their 401(k) savings?

Yes, TravelCenters of America allows employees to take loans against their 401(k) savings, subject to the plan's terms and conditions.

What investment options are available in the TravelCenters of America 401(k) plan?

The TravelCenters of America 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

How often can employees of TravelCenters of America change their 401(k) contribution amount?

Employees can change their 401(k) contribution amount at any time, subject to the plan's guidelines.

What is the vesting schedule for TravelCenters of America’s 401(k) matching contributions?

The vesting schedule for TravelCenters of America’s 401(k) matching contributions typically follows a graded vesting schedule, which means employees earn ownership of the match over a period of time.

Are there any fees associated with the TravelCenters of America 401(k) plan?

Yes, there may be administrative fees associated with the TravelCenters of America 401(k) plan, which are disclosed in the plan's summary documents.

How can employees of TravelCenters of America access their 401(k) account information?

Employees can access their 401(k) account information through the online benefits portal provided by TravelCenters of America.

New call-to-action

Additional Articles

Check Out Articles for TravelCenters of America employees

Loading...

For more information you can reach the plan administrator for TravelCenters of America at , ; or by calling them at .

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for TravelCenters of America employees