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

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Navigating Medicare Changes: What Trimble Retirees Need to Know for a Healthier Retirement

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Healthcare Provider Update: Healthcare Provider for Trimble: Trimble provides health insurance through various national insurers that typically include UnitedHealthcare, Anthem, and Cigna. These insurers offer a range of plans that cater to the healthcare needs of Trimble's employees. Potential Healthcare Cost Increases in 2026: In 2026, Trimble employees may face significant increases in their healthcare costs, primarily due to escalating premiums in the ACA marketplace. Some states anticipate hikes exceeding 60%, with nationwide averages reaching around 20%. Contributing factors include the anticipated expiration of federal premium subsidies, coupled with ongoing medical cost inflation driven by rising hospital and drug prices. As a result, a considerable number of employees could see their out-of-pocket expenses rise dramatically, underscoring the importance of careful benefit management and plan selection. Click here to learn more

Regarding the management of healthcare, and specifically the Medicare Advantage program, which is also known as Part C, there is a growing concern among both industry analysts and customers. Medicare Advantage, the insurance program that manages Medicare coverage for a significant portion of the population—more than 30 million people—has come under closer examination. Notably, major players in this space, including Humana, have disclosed a sharp increase in expenses along with a decline in earnings. If this financial trend continues, it could lead to an increase in service denials and a decrease in auxiliary benefits for Trimble retirees.


The actions of large hospital chains and medical providers—some of which have chosen to stop supplying Medicare Advantage—have made this problem worse. The little remuneration and the intricate bureaucratic procedures linked to these schemes are often cited as reasons for these determinations. In addition, the federal government is now investigating Medicare Advantage practices, especially those that lead to cost inflation. Simultaneously, the Biden administration has scrutinized the marketing tactics utilized to endorse these plans. High-profile advertisements using well-known figures like Joe Namath and William Shatner have drawn criticism for possibly misleading consumers about the flexibility and features of Medicare Advantage.


This changing environment necessitates careful examination of the Medicare Advantage pathway and provides Trimble retirees with a complex landscape when navigating their retirement healthcare options.

The effect of Medicare Advantage plans on prescription drug coverage is a feature that is frequently disregarded. Medicare Advantage subscribers may have more out-of-pocket expenses for prescription pharmaceuticals than those in traditional Medicare with a stand-alone Part D coverage, per a study released by the Kaiser Family Foundation in June 2023. This disparity emphasizes the significance of thorough plan comparison during the Medicare enrollment period to guarantee appropriate coverage and cost-effectiveness in managing health needs after retirement. It is especially relevant for retirees with multiple prescription needs or those managing chronic conditions.

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Comparing Medicare Advantage to regular Medicare is like picking a retirement trip between a sailboat and a cruise ship. The cruise ship, which stands in for Medicare Advantage, presents a package deal with a range of services at your disposal. While this may appear handy, there are hidden costs and rigid schedules that may restrict your options and cause unanticipated prices to rise. The sailboat represents conventional Medicare; it is less comprehensive at first and needs more hands-on administration. But it gives you the flexibility to choose your own path, adding more coverage as needed, and frequently for less money overall. In order to make sure your health care trip satisfies your needs without causing you unanticipated financial constraints, it's crucial to balance the appeal of all-inclusive packages against the benefit of personal control and potentially reduced expenses when you set out on your retirement adventure.

What is the Trimble 401(k) plan?

The Trimble 401(k) plan is a retirement savings plan that allows employees to save for retirement on a tax-deferred basis.

How can I enroll in Trimble's 401(k) plan?

You can enroll in Trimble's 401(k) plan by accessing the employee benefits portal and following the enrollment instructions provided.

Does Trimble offer a company match for the 401(k) contributions?

Yes, Trimble offers a company match for employee contributions to the 401(k) plan, subject to certain limits.

What is the maximum contribution limit for Trimble's 401(k) plan?

The maximum contribution limit for Trimble's 401(k) plan is determined by the IRS and can change annually. It is important to check the latest IRS guidelines for the current limit.

When can I start contributing to Trimble's 401(k) plan?

Employees at Trimble can start contributing to the 401(k) plan after completing their eligibility requirements, which are outlined in the plan documents.

Can I change my contribution percentage to Trimble's 401(k) plan?

Yes, you can change your contribution percentage to Trimble's 401(k) plan at any time by accessing the employee benefits portal.

What investment options are available in Trimble's 401(k) plan?

Trimble's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

How often can I make changes to my investment choices in Trimble's 401(k) plan?

You can make changes to your investment choices in Trimble's 401(k) plan at any time, subject to the plan's trading policies.

What happens to my Trimble 401(k) if I leave the company?

If you leave Trimble, you have several options for your 401(k) balance, including rolling it over to another retirement account or leaving it in the Trimble plan if eligible.

Is there a loan option available in Trimble's 401(k) plan?

Yes, Trimble's 401(k) plan may offer a loan option, allowing you to borrow against your account balance under certain conditions.

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

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