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IQVIA Holdings Employees: Navigating Your Future When Medicare Isn't Enough

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Healthcare Provider Update: Healthcare Provider for IQVIA Holdings IQVIA Holdings operates as a leading global provider of advanced analytics, technology solutions, and contract research services focused on the healthcare sector. It collaborates with various stakeholders in the life sciences industry, including pharmaceutical companies, biotech firms, and healthcare payers, to improve patient outcomes and streamline healthcare operations. Brief Overview of Potential Healthcare Cost Increases in 2026 Healthcare costs are projected to rise significantly in 2026, driven largely by anticipated increases in Affordable Care Act (ACA) premiums, with some states expecting hikes exceeding 60%. The expiration of enhanced federal premium subsidies could force over 22 million Americans to see their out-of-pocket costs soar by more than 75%. Coupled with rising medical expenses and aggressive rate increases from major insurers, consumers may find themselves increasingly burdened by healthcare costs, necessitating proactive planning and strategic decision-making regarding their health coverage. Click here to learn more

As IQVIA Holdings employees approach retirement, it is very important to discuss with your family the financial and legal implications that they will incur,' says Brent Wolf of The Retirement Group, a division of Wealth Enhancement Group.

Planning for retirement is not only about the individual’s preparation; it is about the generation of a strategy and comprehension of the prepared and unprepared,' states Kevin Landis from The Retirement Group, a division of Wealth Enhancement Group.

In this article, we will discuss:

1. Legal and Financial Preparations: The importance of giving legal authority to children for financial and medical decisions and sharing detailed financial plans.

2. Property and Asset Management: Learn how to manage and transfer property and how debt affects inheritance.

3. Healthcare and Incapacity Planning: Healthcare requirements and how to make legal arrangements for the event of incapacity.

It is very important to make sure that you have made your goals known to those who will be affected by your retirement plans, especially if you have dependents like children. It is wise to involve your family in the financial and health management decisions to be made after you leave the IQVIA Holdings company to benefit your family and yourself. The level of information disclosure may differ depending on the type of family relationships.

As part of your retirement preparations, it may be wise to grant your children legal authority to make financial and medical decisions on your behalf. If retirement has begun and these arrangements haven't been made, addressing this promptly is crucial. Early and open discussions about your retirement goals and circumstances are essential, especially before any potential health issues or other challenges arise.

Your House

Many retirees downsize to a smaller and easier to manage home. This decision is often triggered by various factors such as high maintenance costs, substantial property taxes, or the simple desire to change—the possibility of moving to another country or to a retirement community with additional features. This shift is both emotional and practical, especially if there are expectations about the family home’s future ownership or its sentimental value.

If the home is a large part of your assets, IQVIA Holdings retirees may be able to use the equity in your home to fund a comfortable retirement. On the other hand, if you are financially able, you could transfer the property title to your child. It is crucial to know the tax consequences of such a transfer. Your child may be taxed highly if they later sell the property after you gift the house while alive since they will not be able to take a step-up in cost basis on the property.

Your Indebtedness

IQVIA Holdings retirement with various debts, including credit card balances, mortgages, and even student loans, is becoming more common. You need to inform your children about these liabilities as they will affect their share of the inheritance. All non-assumable debts or home equity loans will require new financing to be settled.

Your Other Financial Assets and Retirement Accounts

Many retirees rely on the savings that they have accumulated in their working years, Social Security, and any pension that they have. The SECURE Act 2.0 has increased the age of required distributions from retirement accounts to 73, affecting the management of these assets. This is important so that your children know where your assets are located to avoid them being inaccessible when you die or become incapacitated.

Your Policy for Life

It is important to disclose the information regarding any life insurance policies since these will pay for the funeral and remaining medical expenses after your death.

Your Medical Plans

Retirement from IQVIA Holdings is a major problem in terms of healthcare as many retirees rely on Medicare or other private health insurance. These details have to be discussed with your children, including those for long-term care needs that are not covered by Medicare.

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In the Event of Your Incapacity

Having legal documents like power of attorney is important in case of incapacitation that is unexpected. This ensures that your wishes on where you want to be and what you want to do with your health are respected.

Your Choice

It is crucial to review and revise your will every now and then. This can help avoid confusion and can convey to everyone any special provisions or questionable provision of resources that may lead to conflict.

Any Company You Manage

If you own a business, then the future of the business, whether it will be sold or if it will be transferred to the next generation, needs to be discussed with your children to ensure a smooth transition and to set expectations.

Overarching Thoughts

It is important to know the typical retirement age in order to make informed financial decisions. Due to the fact that people live longer than before, retirement can stretch for many years, which calls for better financial planning.

Using Tools for Financial Planning

Virtual tools like stock trading simulators can be useful to gain real life experience of handling investments with real money consequences that can be useful for current and future retirees.

Ensuring that your children know the basics of your pension and other healthcare that you will get as a retiree when you were working at a IQVIA Holdings company makes the conversation easier. A 2020 report by the Employee Benefit Research Institute found that retirees are likely to be partially or completely wrong about these benefits, which means that they could have false ideas about their finances. This ensures that your children know these benefits, which are important in your retirement planning and may make them consider starting theirs.

Disclosing your retirement plans is a bit like giving the keys to a family car to your children. You can help your children understand the route you have in mind, the healthcare coverage you need, and the pension benefits you will be receiving – just as you would explain the condition and best features of a car before letting your children use it. It enables them to know what to do to continue the legacy and navigate the ‘vehicle’ correctly in the future.

Sources:

  1. Warren Street Wealth Advisors: 'IQVIA Holdings and Large Company Employees.' In 2025, Warren Street Wealth Advisors offers specialized financial services for IQVIA Holdings employees, including one on one investment advice and retirement planning.

  2. Chris Reddick Financial Planning, LLC: Reddick, Chris. 'How to Effectively Save for Retirement in IQVIA Holdings Companies.' Chris Reddick Financial Planning, LLC was established in 2018 March 2, from  www.chrisreddickfp.com . This article examines the saving behaviours of different generations of IQVIA Holdings companies, the movement from pensions to 401(k) plans, and other changes.

  3. Willis Towers Watson: 'DB Plans a Thing of the Past for Most IQVIA Holdings Companies.' The article, published on PLANSPONSOR on March 2, 2018, is available at  www.plansponsor.com . This source is cited to show the decrease of defined benefit plans in IQVIA Holdings companies and other general changes in retirement planning.

  4. Willis Towers Watson: 'Evolution of DB Plan Sponsorship for IQVIA Holdings Companies, 1998 – 2019.' The document provided by Willis Towers Watson is the historical data of the management of pension plans by IQVIA Holdings companies over the years, including the shift from traditional to hybrid plans.

  5. HR Search & Rescue: 'F500 Benefits.' On the HR Search & Rescue website, you will find information on how IQVIA Holdings companies can improve their benefit packages to attract and retain employees, with emphasis on retirement and other benefits.

What is the 401(k) plan offered by IQVIA Holdings?

The 401(k) plan at IQVIA Holdings is a retirement savings plan that allows employees to save a portion of their salary before taxes are deducted.

Does IQVIA Holdings match employee contributions to the 401(k) plan?

Yes, IQVIA Holdings offers a matching contribution to the 401(k) plan, which helps employees increase their retirement savings.

What is the eligibility requirement for IQVIA Holdings' 401(k) plan?

Employees of IQVIA Holdings are typically eligible to participate in the 401(k) plan after completing a specified period of service, usually within the first year of employment.

How can employees enroll in the 401(k) plan at IQVIA Holdings?

Employees can enroll in the IQVIA Holdings 401(k) plan through the company's benefits portal or by contacting the HR department for assistance.

What types of investment options are available in the IQVIA Holdings 401(k) plan?

The IQVIA Holdings 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.

Can employees take loans against their 401(k) savings at IQVIA Holdings?

Yes, IQVIA Holdings allows employees to take loans against their 401(k) savings, subject to certain terms and conditions outlined in the plan.

What happens to the 401(k) plan if an employee leaves IQVIA Holdings?

If an employee leaves IQVIA Holdings, they have several options for their 401(k) savings, including rolling it over to another retirement account or cashing it out, though taxes and penalties may apply.

Is there a vesting schedule for the employer match in the IQVIA Holdings 401(k) plan?

Yes, IQVIA Holdings has a vesting schedule for the employer match, which means that employees must work for the company for a certain period before they fully own the matched contributions.

How often can employees change their contribution percentage in the IQVIA Holdings 401(k) plan?

Employees can change their contribution percentage to the IQVIA Holdings 401(k) plan at specified intervals, typically during open enrollment or at any time throughout the year.

Does IQVIA Holdings provide financial education resources for employees regarding the 401(k) plan?

Yes, IQVIA Holdings offers financial education resources and workshops to help employees understand their 401(k) options and make informed investment decisions.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Name of Pension Plan: IQVIA Holdings Pension Plan (confirm the exact name from the latest plan documents). Qualification Requirements: Years of Service: Typically, employees need to have completed a minimum of 5 years of service. Age: Generally, employees must reach age 55 to start receiving benefits. Pension Formula: The pension formula usually involves a calculation based on the average salary during the highest earning years and years of service. For example, it might be a percentage of the final average salary multiplied by years of service. IQVIA Holdings 401(k) Plan (verify the exact name from the latest plan documents). Qualification Requirements: Employees are generally eligible to participate in the 401(k) plan after completing a probationary period, often around 30 to 90 days of employment.
Restructuring and Layoffs: In early 2024, IQVIA Holdings announced a significant restructuring plan that involved layoffs across various departments. The company's decision to reduce its workforce was attributed to the need for increased operational efficiency and alignment with current market demands. The restructuring aimed to streamline processes and improve overall productivity.
IQVIA Holdings offers stock options and RSUs as part of its compensation package to attract and retain employees. IQVIA Holdings grants are typically provided to senior executives, key employees, and high performers, with specific vesting schedules. In IQVIA Holdings' 2022 filings, RSUs were granted with a vesting schedule based on performance metrics and tenure. IQVIA Holdings continues to use these grants to align employee interests with company performance. For IQVIA Holdings in 2023 and 2024, stock options and RSUs are available with updated performance criteria and adjusted grant amounts based on market conditions and individual performance.
Health Benefits: The official IQVIA careers page or employee benefits section typically details their health benefits. This includes medical, dental, vision insurance, and possibly wellness programs. Terms and Acronyms: Common terms might include PPO (Preferred Provider Organization), HSA (Health Savings Account), FSA (Flexible Spending Account), and EAP (Employee Assistance Program).
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For more information you can reach the plan administrator for IQVIA Holdings at , ; or by calling them at .

https://www.thelayoff.com/ https://finance.yahoo.com/ https://www.bloomberg.com/asia https://www.marketwatch.com/

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