<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

Intuit Employees Discover the Joys of Camping: A Comprehensive Guide to Embracing Nature in Retirement

image-table

Healthcare Provider Update: Healthcare Provider for Intuit Intuit, a leading financial software company, primarily utilizes UnitedHealthcare as its healthcare provider. This partnership enables Intuit to offer competitive health benefits and services to its employees, ensuring comprehensive coverage options. Brief on Healthcare Cost Increases in 2026 In 2026, healthcare costs are anticipated to surge dramatically, with many insured individuals feeling the brunt of escalating premiums. Factors contributing to this sharp increase include the loss of enhanced federal subsidies for Affordable Care Act (ACA) marketplace plans, which has the potential to spike out-of-pocket costs by over 75% for the majority of enrollees. Additionally, numerous states are experiencing proposed premium hikes, with some exceeding 60%, primarily fueled by rising medical costs and aggressive rate increases from top insurers. As a result, consumers and employers alike will face significant financial pressures, prompting many to re-evaluate their healthcare options and strategies in light of these challenges. Click here to learn more

Camping is a great way to unplug and find some health benefits, especially if you are a retiree from a Intuit company looking to add some meaning to your golden years,'' says Patrick Ray of The Retirement Group, a division of Wealth Enhancement Group.


The increase in camping among senior Intuit employees shows that the escape to nature is a growing trend among older individuals as a way to improve their health,'' notes Michael Corgiat from The Retirement Group, a division of Wealth Enhancement Group.

1. Increasing Population of Elderly Americans Who Enjoy Camping:  Describing the growing trend of camping among the elderly and why they are attracted to outdoor activities.

2. The Health Benefits of Outdoor Activities:  Disclosing the physical and psychological benefits to seniors engaging in camping and similar activities.


3. Camping for Seniors:  Different Types of Camping – From Basic to Luxurious Glamping for Different Levels of Comfort and Budget.

John Muir, the naturalist, in 1909 said, “Thousands of tired, nerve-shaken, over-civilized people are beginning to find out that going to the mountains is going home, that wildness is a necessity, and parks are fountains of life” this captures the spirit of outdoor exploration perfectly.
 This attitude is still present more than a century later especially among the elderly population who are happy to answer the call of the wild.

The number of elderly Americans who go camping has increased significantly, and there are many different reasons why they choose to spend time in nature.
 10% of Baby Boomer’s camping vacations in North America in 2022 according to Statista, increased this age category’s participation since 2015. It is the same whether it is the satisfaction of hearing an alligator in the Everglades or a grizzly bear in Yellowstone, these veteran travelers find comfort and excitement in nature.  The Intuit retirees are also a part of this trend, and they are finding a new kind of rejuvenation and adventure in the outdoors.

The health benefits of outdoor activities

According to Peter James, an environmental epidemiologist at Harvard, it is clear that humans heal better from the stress in natural environments and that is where humans are supposed to be.
 These environments help in the physical as well as the mental relaxation, thus meaning that people should engage in outdoor activities. This is something that can be very useful for Intuit employees who have spent many years in demanding positions and may therefore benefit from the calm and physical activities that camping offers.

Things You Need to Take Camping

The market has a large selection of products that are intended to enhance the comfort and convenience of people who are planning to go camping in an RV or a tent. Marcia Cohen of Madison, Wisconsin, who is 67, explains how she used camping as a positive way of rehabilitation after she had her knee replaced.
 What makes her camping trip fun and empowering is her basics – a portable commode, a comfy cot, and a CORE six-person quick tent. The retirees of Intuit companies can get an idea of this and make sure that they have the right equipment for camping that will make them comfortable.

The Price of Camping

Camping is another affordable vacation option. Senior citizens 65 years and older can camp in Florida state parks for as low as $8 per night, a significant discount from the usual fees. The cost of RV camping varies by location and facilities and typically starts at $30 and goes up to $45 per night.
 Boondocking, or free camping in the wild, is an option that saves money for tourists while allowing them to enjoy the outdoors. These economical options can be taken advantage of by Intuit retirees to enjoy nature without spending a lot of money.

Where to Set Up Camp

There are many camping locations in the US that are suitable for experienced campers. These locations provide a variety of experiences for all interests, including the historical ambience of Yellowstone National Park, the scenic beauty of Yosemite and the bio-diversity of the Great Smoky Mountains.
 Every park has something special to offer, from spectacular climbs in Yosemite to wildlife safaris in Yellowstone, every visit is unforgettable. These destinations can be explored by Intuit employees to find the perfect spot for their next adventure.

Alternatives to Conventional Camping


Glamping is a more sophisticated way of camping that could suit someone who wants a more luxurious experience.  This glamorous version of camping offers home comforts in beautiful surroundings. The glamping sites provide the best of the two worlds between luxury and nature with features like toilets, electricity and luxurious furnishings. Glamping can be a great option for Intuit retirees who want a comfortable camping experience with nature.

In Summary

Whether you decide to go camping in the traditional way or choose the more extravagant glamping, older people are able to get a revitalising break. It is a way of getting back to nature, exercising and benefiting from the positive effects of being outdoors for your mental health.
 If you are looking to add some adventure and peace to your retirement years, then camping is still a realistic and rewarding option, with a number of ideas to suit different levels of mobility and comfort. Camping is a way for Intuit retirees to enjoy health, happiness and incredible experiences in their retirement.

Featured Video

Articles you may find interesting:

Loading...

Sources:

1. Hoffman, Robert. 'Five Reasons Why Slow Travel is Great in Retirement.' Kiplinger, March 31, 2024, www.kiplinger.com/features. In this article, the author discusses the advantages of slow travel in retirement, including its positive impact on mental health, finances, and the travel experience, making it a perfect leisure activity for retirees who want to make the most out of their trips.


'Retire Early for Adventure: Go Travel and Volunteer.' Kiplinger, www.kiplinger.com. This piece outlines the benefits of combining travel with volunteering in retirement, giving retirees a chance to have an adventure, learn something new, and help others, which makes for a fulfilling retirement.


'What Is It Like to Own an RV in Retirement?' Kiplinger, www.kiplinger.com. This article gives a full account of the RV experience for retirees, discussing the liberation it provides, the social network within RV communities, and the logistics of living in a vehicle.


'11 Reasons to Retire in an RV.' Kiplinger, www.kiplinger.com. This source lists different advantages of retiring in an RV, including the costs, the ability to change location easily, and the potential to travel and volunteer, which is convenient for retirees who want an active retirement.

'Retirees Are Into Camping Now — Here’s How You Can Be, Too.' Kiplinger, www.kiplinger.com. It focuses on the curative and empowering aspects of camping for retirees, explaining how interaction with nature can improve the physical and mental health.

What type of retirement savings plan does Intuit offer to its employees?

Intuit offers a 401(k) retirement savings plan to its employees.

Does Intuit provide a company match for its 401(k) contributions?

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

How can Intuit employees enroll in the 401(k) plan?

Intuit employees can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

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

Most Intuit employees are eligible to participate in the 401(k) plan after completing a specified period of employment, typically within the first year.

Can Intuit employees take loans against their 401(k) savings?

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

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

Intuit's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.

How often can Intuit employees change their 401(k) contribution amounts?

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

Does Intuit provide financial education resources for employees regarding their 401(k) plans?

Yes, Intuit provides financial education resources and tools to help employees make informed decisions about their 401(k) savings.

What happens to my 401(k) savings if I leave Intuit?

If you leave Intuit, you can choose to roll over your 401(k) savings into another qualified retirement plan, cash out, or leave the funds in the Intuit plan, depending on the plan's rules.

Is there a vesting schedule for Intuit's 401(k) company match?

Yes, Intuit has a vesting schedule for the company match, which means employees must work for a certain period to fully own the matched funds.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Pension Plan Terminology: Defined Contribution Plan: A retirement plan where the employee and/or employer contribute to the employee's account, but the final benefit depends on investment performance. Vesting: The process by which an employee earns the right to benefits from an employer-provided plan. 401(k) Plan Terminology: Match Contribution: Employer contributions that match employee contributions up to a certain percentage. Automatic Enrollment: A feature that automatically enrolls employees into the 401(k) plan upon meeting eligibility criteria.
In July 2024, Intuit announced the layoff of 1,800 employees, roughly 10% of its workforce, as part of a larger restructuring effort aimed at focusing on artificial intelligence (AI) and automation. This restructuring is being driven by the company's strategy to shift toward AI-driven solutions, such as its AI-powered financial assistant, Intuit Assist. As part of this strategy, Intuit plans to rehire in new AI-focused and customer-facing roles, with a goal of boosting innovation and growth in areas like data, fintech, and mid-market solutions. In its Securities and Exchange Commission (SEC) filings, Intuit stated that this transition would come with an estimated $260 million in layoff-related costs, including severance and employee benefits, and further investments into AI and data-driven platforms.
Intuit offers its employees stock options and Restricted Stock Units (RSUs) as part of their compensation packages. Stock options give employees the right to purchase Intuit shares at a predetermined price, while RSUs are a promise to grant shares upon meeting vesting requirements. For example, RSUs vest over time or after performance milestones, with taxes withheld from the vested shares before employees can access the remaining stock. Both stock options and RSUs are considered ordinary income once vested and are reported on W-2 forms​ (Intuit Benefits)​ (TurboTax). In 2022, 2023, and 2024, Intuit provided RSUs with vesting schedules based on years of service and stock performance. Typically, a portion of the shares is withheld to cover taxes upon vesting, and the remaining shares are transferred to the employee's account. Employees can then decide whether to hold or sell the shares. RSUs are commonly awarded to attract and retain talent and are available to full-time employees, with executives often receiving higher allocations​
Medical Coverage: Intuit provides several medical plans depending on the employee's location, such as the Cigna Choice Fund with Health Savings Account (HSA), UnitedHealthcare (UHC) Network Plan, Cigna Managed Network Plan (EPO), and Kaiser Permanente (for employees in California and Georgia). These plans include broad coverage for services like preventive care, family planning, and physical therapy​ (Intuit Benefits)​ (Intuit Benefits). Health Savings Account (HSA): Employees enrolled in the Cigna Choice Fund with HSA plan can contribute tax-free money to cover medical expenses. In 2023, the IRS limit was $3,850 for individual coverage and $7,750 for family coverage, increasing to $4,150 for individuals and $8,300 for families in 2024​ (Intuit Benefits). Mental Health and Wellbeing: Intuit places a strong emphasis on mental health. Employees have access to no-cost confidential counseling, support for managing stress, depression, and workplace challenges, as well as resources for mindfulness and resilience building
New call-to-action

Additional Articles

Check Out Articles for Intuit employees

Loading...

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

https://www.kiplinger.com/retirement/rising-interest-rates-change-pensions-for-some-retirees https://kpmg.com/xx/en/home/insights/2022/10/flash-alert-2022-193.html https://www.spglobal.com/ratings/en/research/articles/230711-u-s-public-pension-fiscal-2023-update-funded-ratios-stable-inflation-retreats-and-pob-issuance-stops-12787619 https://www.foxrothschild.com/publications/interest-rate-hikes-present-challenge-for-fully-funded-pension-plans https://www.milliman.com/en/insight/2023-lump-sums-defined-benefit-plans-much-lower-as-interest-rates-rise https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/restricted-stock-units-rsus-report/L2fqjkBr9_US_en_US https://accountants.intuit.com/community/proconnect-tax-discussions/discussion/how-do-i-enter-restricted-stock-units/00/159351 https://accountants.intuit.com/taxprocenter/tax-law-and-news/restricted-stock-units-and-how-they-affect-your-clients-taxes/ https://markets.businessinsider.com/news/stocks/intuit-layoffs-2024-what-to-know-about-the-latest-intu-job-cuts-1033544105 https://www.upi.com/Top_News/US/2024/07/10/Intuit-layoffs-AI/8041720630441/https://siliconangle.com/2024/07/10/intuit-lay-off-1800-employees-plans-rehire-new-ai-customer-roles/ https://investors.intuit.com/company-information/mergers-acquisitions https://tracxn.com/d/acquisitions/acquisitions-by-intuit/__x--pdZDZ5mxAYZUPm7Qo0os36SaUjYLazbW-lPO-iho https://www.intuitbenefits.com/ https://www.thelayoff.com/t/1j3ooDyp https://quickbooks.intuit.com/r/employee-cost-calculator/ https://accountants.intuit.com/taxprocenter/tax-law-and-news/retirement-plans-for-businesses/ https://www.kiplinger.com/retirement/cash-balance-pension-plan-options

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for Intuit employees