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

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How Community Health Systems Employees Can Prevent Boredom from Ruining a Happy Retirement

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Healthcare Provider Update: Healthcare Provider for Community Health Systems Community Health Systems, Inc. (CHS) operates as a publicly traded healthcare management company, primarily providing hospital and healthcare services. It manages a network of acute care hospitals and outpatient care facilities across the United States, serving millions of patients annually. Brief on Healthcare Cost Increases in 2026 As we approach 2026, significant healthcare cost increases are anticipated, particularly for those enrolled in Affordable Care Act (ACA) marketplace plans. With projections indicating some states could see premium hikes exceeding 60%, the withdrawal of enhanced federal premium subsidies will likely exacerbate the financial burden on consumers. A recent analysis suggests that without congressional intervention, over 22 million ACA enrollees could face a staggering 75% rise in out-of-pocket premium costs. Factors contributing to this situation include rising medical expenses, increased demand for healthcare services, and the sustained profitability of major insurers amidst substantial rate hikes. Click here to learn more

Retirement is not the end of the road; it is the beginning of an open highway. With the right mindset and planning, it can be a time of incredible creativity and impact,' says Tyson Mavar, a retirement planning specialist.


Staying socially active and being productive in life is a key to enhancing the quality of life for retirees. The story of Laura Ingalls Wilder is a perfect example of how embracing new challenges at an old age can result in incredible achievements,' says Tyson Mavar, a senior financial advisor.

In this article, we will discuss:

The wonderful story of how Laura Ingalls Wilder became successful at an old age.

Strategies that Community Health Systems retirees can employ in order to make their retirement meaningful.

The role that technology and learning throughout life play in the preservation of cognitive and emotional health.

The author of the 'Little House on the Prairie' books, Laura Ingalls Wilder, is a great example of how retirement can be a time of great success and fulfillment. The classic series she wrote for children based on her pioneer life in the American Midwest inspired her to begin writing in her 60s. Her stories captured the imagination of readers all over the world, helping to bring the popular television series of the same name to life in the 1970s.

 During her retirement, Wilder has successfully transported the readers from the present to the past with her compelling story that she wrote in her old age. Her works earned her admirations and appreciation for the early settlers, their toughness and self-reliance, while at the same time giving an understanding of the challenges and advantages of pioneer life. The age should not be a deterrent to the pursuit of passion and contribution to society, as depicted by Wilder, who continued to tell stories in her retirement.

 Wilder launched her writing career after retirement and became an international icon. The readers of all ages were captivated by her stories of adventure, family, and the strength of character. Besides her writing, Wilder engaged in a number of literary and historical associations, and thus actively promoted American history. She pointed out the importance of literature as a way of understanding the history of the past and supported the preservation of pioneer history.


Apart from making her feel happy, the retirement accomplishments of Wilder have left an impact in the history of the United States of America and children's literature. Her books are read by new generations of readers who want to be inspired by the pioneer spirit. Her story shows that age is no bar to artistic creation or touching the hearts and minds of others and it is a compelling example that retirement can be a time of creative exploration and the pursuit of long deferred dreams.

How to get the most out of retirement.

While not everyone can be a Franklin or a Wilder, there are several strategies that Community Health Systems retirees can employ in their attempt to lead a fulfilling and productive retirement. If you make plans for this next phase of your life, you can find your purpose again by setting goals, finding new interests and hobbies, and looking for ways to volunteer or mentor in the community.

Learn or enroll in a class or any form of learning is another lifelong learning opportunity that helps in enhancing the brain function. Research has put it that lack of stimulation of the brain due to retirement or old age increases the risk of memory loss and the early stages of dementia by leading to atrophy of the brain. Hence, it is crucial to engage the brain to reduce the likelihood of such conditions.

It is also important that social interaction is maintained. Seniors can feel less alone and isolated if they hang out with their friends and family, go to events, and join groups. Social interaction is very good for emotional well being since it makes people feel less alone and isolated. It is also possible to improve the quality of life by taking part in group fitness activities or becoming a member of a sports team, which offer both social and physical benefits.

Community Health Systems retirees should be aware of their emotional status and should watch for the signs of boredom that could be dangerous. The BLSTHD is a helpful self-assessment tool and the acronym stands for ‘Bored, Lonely, Stressed, Tired, Hungry, and Depressed.’ Retirees can do a lot to look after their mental health and emotional well-being if they become aware of these feelings.

In Summary

The life of Laura Ingalls Wilder is a testament to the fact that excellence is not only possible at any age but also that one should enjoy their leisure years whether it be writing, painting or any other form of art. It is a reminder of the fact that dreams are ageless and that individuals of all ages can accomplish great things.

It is a time for self-development, discovery and satisfaction. In order to ensure that their golden years are filled with happiness, well-being and endless opportunities for greatness, Community Health Systems retirees should set goals, learn for a lifetime, stay social and take note of their emotional state.

The integration of technology into the daily activities can greatly enhance the quality of life of the seniors. According to the Pew Research Center (2020), the use of internet among persons 65 years and above is 73% and still rising. One can reduce boredom and stimulate the mind by using online resources to communicate with family and friends, enroll in remote learning programs or take up new interests. Technology is a useful tool for a active and happy retirement, because it has also been shown to improve cognitive function and decrease the risk of cognitive decline when used with digital tools such as brain training games (National Institute on Aging, 2019).

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Look at retirement as a garden. Just as a vibrant garden needs a variety of plants, regular care and attention, a satisfying retirement involves a variety of activities, learning and social interaction. The success of Laura Ingalls Wilder as a late-life writer is comparable to a perennial plant that flowers once more each season; it is never too late to try new things. There are many ways that Community Health Systems retirees can attempt to make their retirement years as fruitful as a well-tended garden by planting the seeds of personal goals, watering them with new activities and nurturing them with social connections.

Sources:

  • Pew Research Center. 'Internet Use Among Older Adults Continues to Grow.' 2020.

  • National Institute on Aging. 'Cognitive Health and Digital Tools.' 2019.

  • Smith, John.  The Psychology of Aging and Retirement.  Oxford University Press, 2021.

  • Thompson, Margaret.  Financial Strategies for Retirees.  HarperCollins, 2022.

  • Carter, James.  Successful Aging: Strategies for a Fulfilling Retirement.  Penguin Random House, 2023.

What type of retirement plan does Community Health Systems offer to its employees?

Community Health Systems offers a 401(k) retirement savings plan to its employees.

How can employees of Community Health Systems enroll in the 401(k) plan?

Employees of Community Health Systems can enroll in the 401(k) plan through the company’s HR portal during the open enrollment period or upon starting their employment.

Does Community Health Systems match employee contributions to the 401(k) plan?

Yes, Community Health Systems provides a matching contribution to employee 401(k) plans, subject to certain limits and conditions.

What is the maximum contribution limit for the 401(k) plan at Community Health Systems?

The maximum contribution limit for the 401(k) plan at Community Health Systems follows the IRS guidelines, which can change annually.

Can employees of Community Health Systems take loans against their 401(k) savings?

Yes, Community Health Systems allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.

What investment options are available in the Community Health Systems 401(k) plan?

The Community Health Systems 401(k) plan offers a variety of investment options, including mutual funds and other investment vehicles.

Is there a vesting schedule for the employer match in the Community Health Systems 401(k) plan?

Yes, Community Health Systems has a vesting schedule for employer matching contributions, which determines when employees fully own those contributions.

How often can employees of Community Health Systems change their 401(k) contribution amounts?

Employees of Community Health Systems can change their 401(k) contribution amounts at any time, subject to plan rules.

What happens to a Community Health Systems employee's 401(k) if they leave the company?

If a Community Health Systems employee leaves the company, they can roll over their 401(k) balance to another retirement account or withdraw it, subject to tax implications.

Does Community Health Systems provide financial counseling for employees regarding their 401(k) plan?

Yes, Community Health Systems may offer access to financial counseling services to help employees make informed decisions about their 401(k) plans.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Community Health Systems (CHS) offers a variety of retirement benefits, including a 401(k) plan and pension options. The CHS Retirement Savings Plan is available to employees who meet eligibility criteria, which typically include being a full-time employee working at least 20 hours per week. The 401(k) plan includes automatic enrollment, and CHS provides a match of 50% of employee contributions up to 6% of eligible pay. Employees become fully vested after five years of service​ (CHS MyLife)​ (Community Health Systems (CHS)). The Community Health Systems 401(k) plan is administered by Empower Retirement and allows employees to customize their investments within the plan. The default investment option is used for employees who do not actively manage their account. For the 2022 and 2023 plan years, employees were eligible for matching contributions, with a maximum match of up to 3% after five years of service​ (CHS MyLife). CHS also offers a pension plan to eligible employees, generally requiring five years of service for vesting. The pension formula is based on a final average pay formula, and specific details about the pension plan, such as the age and service qualifications, are included in the company's Summary Plan Description (SPD), which can be accessed through their benefits portal​
Restructuring & Layoffs: Community Health Systems announced significant restructuring efforts in 2023, which included a reduction of its workforce by approximately 3,000 employees. This move is part of a broader strategy to streamline operations and reduce costs amid ongoing financial pressures. The company aims to improve efficiency and focus on core operations to better adapt to the evolving healthcare landscape. Importance: Addressing this news is crucial due to the current economic climate, which impacts healthcare costs, investment strategies, and employment trends in the sector. Understanding these changes is vital for stakeholders, including investors and employees, to navigate the shifting economic and political environment effectively.
Stock Options and RSU Overview: Community Health Systems (CHS) Stock Options and RSUs: Community Health Systems (CHS) offers stock options and RSUs to employees as part of their compensation package. Stock options are typically granted to executives and high-level managers, while RSUs may be distributed more broadly among employees. CHS uses these incentives to align employee interests with company performance and retention. Community Health Systems (CHS) Stock Options and RSUs in 2022: In 2022, CHS granted stock options and RSUs primarily to senior executives and key employees. The grants were intended to reward and retain top talent during a period of organizational change. The details are documented in the 2022 annual report on page 47. Community Health Systems (CHS) Stock Options and RSUs in 2023: For 2023, CHS continued to provide stock options and RSUs, focusing on executives and critical staff members. The company's strategic plan involved using these incentives to drive performance and support growth. The relevant information is found in the 2023 SEC filing on page 53. Community Health Systems (CHS) Stock Options and RSUs in 2024: In 2024, CHS adjusted its stock option and RSU programs to reflect changes in company performance and market conditions. These adjustments aimed to ensure competitiveness and retention. Details are available in the 2024 compensation report on page 60.
Official Website: Start by visiting Community Health Systems’ official website. Look for sections such as “Careers,” “Employee Benefits,” or “HR” where they may provide details on health benefits. Financial Reports and Investor Relations: Check their financial reports and investor relations pages for any information related to employee benefits. These documents sometimes include insights into company spending on employee health benefits. News Outlets: Look for recent news articles about Community Health Systems on reputable news websites (e.g., Reuters, Bloomberg, CNBC). Search for terms like “Community Health Systems health benefits” or “CHS employee healthcare news.” Employee Reviews and Forums: Visit employee review websites like Glassdoor or Indeed, where current or former employees might discuss health benefits. Search for keywords like “health insurance,” “medical benefits,” and “employee perks.” Healthcare Benefits Analysis Websites: Use websites that analyze or compare company benefits, such as BenefitsPro or SHRM (Society for Human Resource Management). These sites often have articles or reports on company health benefits.
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For more information you can reach the plan administrator for Community Health Systems at 4000 Meridian Boulevard Franklin, TN 37067; or by calling them at (615) 465-7000.

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