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

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Ensign Group Employees: Discover the Secrets to a Happy Retirement

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Healthcare Provider Update: Ensign Group Healthcare Provider The Ensign Group primarily operates skilled nursing facilities, assisted living facilities, and memory care services. They are known for providing a diverse range of healthcare services, including rehabilitation and care for patients with chronic conditions. Their operating model emphasizes patient-centered care, and they often partner with various healthcare providers to ensure comprehensive service delivery to their residents. Potential Healthcare Cost Increases in 2026 As the landscape of healthcare continues to evolve, significant premium hikes are anticipated in 2026, particularly for Affordable Care Act (ACA) marketplace plans. With some states forecasting increases exceeding 60%, the loss of enhanced federal premium subsidies could lead to average out-of-pocket costs spiking by over 75% for the majority of policyholders. This surge is attributed to rising medical costs and the record profits reported by major insurers, creating a perfect storm for healthcare consumers facing steep financial challenges ahead. As consumers prepare for 2026, proactive financial strategies will be essential to mitigate the impact of these escalating costs. Click here to learn more

It was once mentioned by the Dalai Lama, 'The purpose of our lives is to be happy.' This idea becomes particularly important after one is retired, when many people believe they have finally 'lived their best life.'  Eighty-three percent of pre-retirees hope to have a fulfilling retirement, according to an Empower white paper. Although studies indicate that retired people are happier than non-retirees, it's important to realize that happiness in retirement is more than simply a feeling; it's about discovering meaning and purpose in life.

Developing a Vision for a Joyful Retirement

According to psychologists, happiness is the result of a stronger sense of fulfillment and purpose in life combined with the experience of happy emotions. It's about looking at our lives holistically rather than concentrating on fleeting emotions. Participating in activities that give life purpose is crucial to retirement satisfaction. These are a few tactics supported by research to encourage connection, purpose, and well-being in retirement for Ensign Group employees.

  1. Develop Interactions

Since humans are social creatures by nature, connections have a big influence on our well-being. According to Harvard's decades-long happiness study, having strong relationships is more important for long-term happiness than having money or celebrity. Social interactions tend to decrease after retirement. To combat this, take advantage of retirement to grow your social circle. Participate in Ensign Group-sponsored events, see family, and reestablish old friendships. Your ability to have a happy retirement depends on how and with whom you choose to spend your time.

  1. Continue Your Physical Activity

The advantages of physical activity are widely established, and these advantages include improved mood and overall health. Studies indicate that retired people tend to be healthier. Being physically active doesn't have to entail going to the gym every day. Physical activity is a natural part of daily life in 'blue zones,' areas where residents live longer and are happier. Instead of following traditional workout regimens, Dan Buettner and his colleagues discovered that individuals in these places prefer to use manual equipment, knead bread by hand, and engage in gardening.

  1. Continue to Have a Goal in Mind

Even if your work wasn't enjoyable, it probably gave you a sense of purpose that went beyond material gain. Living longer, better, and happier lives is associated with having a strong sense of purpose. There are many other ways to find meaning in life, including through pastimes, travel, family time, and even pet ownership. A more meaningful life might result from concentrating on your priorities through connections and activities that are significant to you.

  1. Perform Deeds of Service

Contributing to others is a major source of meaning and has a big effect on happiness. Givers—whether they give of their time, money, or energy—generally have better lives than takers.  According to a survey, approximately 70% of retirees believe that giving to others is a key factor in their retirement satisfaction.  Making yearly donations or volunteering at neighborhood shelters can have a profound positive impact on people's lives as well as your own sense of fulfillment.

  1. Consult a Financial Specialist

Although it can't purchase happiness, having money helps, especially in retirement. It's crucial to plan for your financial future so that you can support your lifestyle without running out of money.  A research found that more Americans worry about outliving their savings than about dying. A lot of decision-making goes into retirement planning, including mortgage payments and withdrawal rates. Consulting with a financial expert can be helpful.   According to a 2021 study, folks who have financial counselors are three times happier than those who don't.

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  1. Foster an Inquiry Mind

Author and financial advisor Wes Moss polled about 2,000 American homes that were approaching or had reached retirement. He found that the most contented retirees were inquisitive about novel 'core pursuits' or intense pastimes. They typically have four main interests. You can expand your horizons when you're retired.  As Zen Buddhists put it, adopting a 'beginner's mind' entails viewing new experiences with an open mind and an open viewpoint. This method places more weight on the experience than the result. Acquiring new abilities, like picking up a new language or sport, can greatly increase happiness.

  1. Strengthen Your Emotional Acumen

Retirement means big changes, and it takes high emotional intelligence (EQ) to adjust to these changes. EQ is the ability to identify and control your own emotions as well as those of others. It also entails encouraging introspection and creating constructive coping mechanisms. Numerous studies have demonstrated that higher EQ is linked to happier lives, highlighting the significance of EQ in efficiently managing the obstacles of retirement.

  1. Accept Satisfaction

As one gets older, happiness tends to rise. Research shows that older persons tend to be happier more of the time, probably because they understand that time is limited and prioritize living in the moment. This change is consistent with research showing a substantial relationship between happiness and thankfulness. This kind of thinking can be promoted by engaging in activities like journaling or meditation that cultivate presence and thankfulness. Happiness, according to American naturalist and philosopher Henry David Thoreau, 'is like a butterfly; the more you chase it, the more it will evade you, but if you notice the other things around you, it will gently come and sit on your shoulder.' Thoreau's quote captures this idea.

Take part in happy and fulfilling activities, such as going to dinner with loved ones, attending Ensign Group-sponsored events, taking up a part-time job, or volunteering at a charity that you are passionate about. Happiness is likely to follow if you do this. Even in the unlikely event that it doesn't, your efforts help make the world a happier place.

In Summary

Having enough money is not the only requirement for a happy and meaningful retirement. It necessitates fostering relationships, being busy, having a purpose, volunteering, collaborating with financial experts, developing curiosity, boosting emotional intelligence, and embracing contentment. Ensign Group employees can make sure that their retirement is not just enjoyable but also extremely meaningful and fulfilling by concentrating on these areas.

According to recent research, pursuing lifelong learning can greatly increase retirement pleasure. According to a National Institute on Aging (NIA) research released in April 2023, retirees who pursue lifelong learning opportunities or acquire new skills report improved cognitive function and increased levels of life satisfaction. Participating in events like workshops, online courses, or book clubs can stimulate the intellect and provide a feeling of achievement and direction, which can lead to a more contented retirement.

Consider your retirement a well-manicured garden. Similar to how a healthy garden needs a range of plants, thoughtful design, and consistent upkeep, retirement happiness entails tending to several facets of life. Good relationships are necessary for growth, just like fertile soil. Sun and water are the fuels of vitality and new experiences; staying interested and active are these. Like a strong garden fence, financial planning offers structure and stability. The beneficial insects improve the environment in the garden and perform acts of service. Your retirement garden will flourish with happiness and fulfillment if you give each component the care and attention it deserves.

What is the primary purpose of the 401(k) plan at Ensign Group?

The primary purpose of the 401(k) plan at Ensign Group is to help employees save for retirement by allowing them to contribute a portion of their salary on a tax-deferred basis.

Who is eligible to participate in Ensign Group's 401(k) plan?

All full-time employees of Ensign Group who meet the eligibility requirements, such as age and service time, are eligible to participate in the 401(k) plan.

How can employees enroll in the 401(k) plan at Ensign Group?

Employees can enroll in the 401(k) plan at Ensign Group by completing the online enrollment process through the designated benefits portal.

Does Ensign Group offer a company match for 401(k) contributions?

Yes, Ensign Group offers a company match for employee contributions to the 401(k) plan, which enhances the overall retirement savings.

What is the maximum contribution limit for the 401(k) plan at Ensign Group?

The maximum contribution limit for the 401(k) plan at Ensign Group is subject to IRS regulations, which are updated annually. Employees should refer to the latest guidelines for specific limits.

Can employees change their contribution percentage in Ensign Group's 401(k) plan?

Yes, employees can change their contribution percentage at any time during the year by accessing their account through the benefits portal.

What investment options are available in the Ensign Group 401(k) plan?

The Ensign Group 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

How often can employees make changes to their investments in the Ensign Group 401(k) plan?

Employees can make changes to their investment allocations in the Ensign Group 401(k) plan on a regular basis, typically daily, depending on the plan's rules.

Is there a vesting schedule for the Ensign Group 401(k) company match?

Yes, Ensign Group has a vesting schedule for the company match, meaning employees must work for the company for a certain period before they fully own the matched contributions.

What happens to my 401(k) account if I leave Ensign Group?

If you leave Ensign Group, you have several options for your 401(k) account, including rolling it over to another retirement account or withdrawing the funds, subject to applicable taxes and penalties.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Ensign Group offers a 401(k) Savings Plan for its employees, which includes both pre-tax and Roth after-tax contribution options. The eligibility criteria for the plan requires that all full-time and part-time employees aged 18 and above can join the plan on the first of the month following 90 days of service. Employees can contribute up to 90% of their pay on a pre-tax or Roth basis, with the annual IRS contribution limit set at $23,000 for 2024. For employees aged 50 and above, an additional "catch-up" contribution of $7,500 is allowed. Ensign Group matches 25% of the first 2% of compensation contributed by employees, with a vesting schedule of 25% per year of service, reaching full vesting after four years. The plan includes various investment options through Fidelity, including target-date funds tailored to retirement timelines.
Restructuring and Layoffs: In early 2023, Ensign Group announced a restructuring plan aimed at streamlining operations and reducing costs. This move included the consolidation of some facilities and a reduction in workforce, primarily affecting administrative and support roles. The company stated that these changes were necessary to improve efficiency and operational agility.
Ensign Group offered stock options (SO) and RSUs to its employees as part of its compensation package. The company's SO and RSU plans are designed to attract and retain key talent by aligning employee interests with shareholder value. For 2022, the stock options and RSUs were granted to executives and other key employees based on their performance and role within the company.
Ensign Group: Health Benefits Information 1. Official Website Ensign Group Benefits Overview: Ensign Group's official website often outlines employee benefits, including healthcare options. You can usually find detailed information under their "Careers" or "Employee Benefits" sections. Key Terms: Health Savings Account (HSA), Flexible Spending Account (FSA), Preventive Care, Employee Assistance Program (EAP). 2. Glassdoor Benefits Review: Reviews from employees on Glassdoor often highlight the specifics of healthcare benefits, such as health insurance plans, coverage details, and employee satisfaction. Key Terms: Health Insurance Coverage, PPO, HMO, Deductibles, Co-pays. 3. Indeed Employee Reviews: Indeed provides employee reviews and salary information, including insights into healthcare benefits and any recent changes. Key Terms: Medical, Dental, Vision Insurance, Coverage Options, Wellness Programs. 4. LinkedIn Company Updates: LinkedIn can offer updates and posts related to Ensign Group's employee benefits, including any new health initiatives or changes in benefits. Key Terms: Wellness Benefits, Health and Wellness Programs, Employee Health Plans. 5. News Articles Recent News: Look for recent news articles on healthcare benefits or changes at Ensign Group. These articles might discuss new policies, cost changes, or improvements in health benefits. Key Terms: Benefit Enhancements, Policy Changes, Healthcare Coverage Updates. Summary of Recent Employee Healthcare News for Ensign Group: 2022 Updates: Ensign Group has been working on enhancing its healthcare benefits, including improving access to preventive care and expanding wellness programs. They’ve been emphasizing mental health support and telehealth services as part of their comprehensive healthcare offerings. 2023 Developments: In 2023, Ensign Group continued to evolve its health benefits by introducing new flexible spending account options and expanding employee assistance programs. There has been a focus on providing more comprehensive coverage and better support for chronic conditions. 2024 Changes: For 2024, Ensign Group has made adjustments to its health insurance plans, including updates to deductible levels and premium costs. They have also introduced additional wellness incentives and resources to support employee health and well-being.
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