Real Estate Tips Every Kaiser Permanente Employee Needs to Know for Retirement

Healthcare Provider Update: Healthcare Provider: Kaiser Permanente Kaiser Permanente is a leading integrated healthcare provider that offers a range of medical services including preventive care, hospitalization, and specialty care across various states. Potential Healthcare Cost Increases in 2026 As we approach 2026, significant healthcare cost increases are expected, especially for Kaiser Permanente customers. Health insurance premiums for Affordable Care Act (ACA) plans are projected to rise dramatically, with some individuals facing increases of over 75% due to the anticipated expiration of enhanced federal premium subsidies. Coupled with higher medical costs and aggressive rate hikes from major insurers, many policyholders could experience unprecedented out-of-pocket expenses, signaling a challenging financial landscape for consumers in the near future. Click here to learn more

It is important for KP employees to pay specific attention to interest rates as some of the KP pension plans are sensitive to rate changes. Some KP employees are allowed to take their pension utilising new rates each month. If interest rates continue to rise, KP employees will find this article useful as it will help with the retirement planning process.

As demographic shifts impact various sectors in the United States, one notable area affected is the real estate market. Forecasts by the U.S. Census Bureau indicate that by 2030, 20% of the population will be 65 years or older, an increase from 17% in 2023 ( U.S. Census Bureau ). This demographic trend is shaping significant changes in housing demand, particularly as baby boomers enter retirement. Kaiser Permanente employees nearing retirement should take these shifts into account as they plan their future housing needs.

Throughout 2023, over 338,000 people in the U.S. have relocated, driven by factors such as climate, housing costs, and the desire for more space. This migration aligns with improving market conditions, including a notable drop in the 30-year mortgage rate to 6.08%, the lowest in two years, as reported by Freddie Mac ( Freddie Mac).  For Kaiser Permanente retirees, understanding these market dynamics can lead to more informed investment and relocation decisions.

Research by SmartAsset, analyzing 2023 real estate data across major U.S. urban areas, shows that baby boomers are particularly active in acquiring properties. The study considered indicators like the percentage of boomers buying homes and the volume of mortgages granted to this group, alongside average housing prices. ( SmartAsset ) This trend is especially relevant for Kaiser Permanente employees considering retirement, as it highlights potential locations that align with their lifestyle and financial planning.

In this analysis, Florida stands out, with several cities noted for their retiree popularity. The absence of income, estate, and inheritance taxes makes this state appealing for those aiming to stretch their retirement savings. Similarly, North Carolina attracts retirees with its robust medical facilities, favorable climate, and Social Security tax deductions. These regions may be especially appealing to Kaiser Permanente employees planning a cost-effective and enjoyable retirement.

However, San Francisco ranks among the preferred destinations for retirees despite its challenging real estate market. In 2023, only 0.25% of boomers in the San Francisco metropolitan area purchased homes, with an average sale price of $1.55 million. While this market may be less attractive from a cost perspective, its cultural and recreational opportunities could be a significant draw for some Kaiser Permanente retirees.

Based on the percentage of local boomer homebuyers and the total boomer mortgages issued in 2023, the following have been identified as popular destinations for boomers:

1. Raleigh, NC: 8,215 mortgages were issued to boomers.

2. Nashville, TN: Home purchases by boomers reached 2.7%, resulting in 11,410 mortgages.

3. Phoenix, AZ: Boomers accounted for 2.6% of homeowners, with 27,745 mortgages.

4. Indianapolis, IN: 2.6% of boomers bought homes, leading to 11,891 mortgages.

5. Charlotte, NC: 2.6% of boomers purchased homes in the city, resulting in 15,096 mortgages.

6. Jacksonville, FL: Boomer homebuyers made up 2.6% of the market, receiving 10,186 mortgages.

7. Tampa, FL: With 2.4% of boomers buying homes, 19,878 loans were issued.

8. Orlando, FL: 2.4% of local boomers purchased homes, leading to 13,892 mortgages.

9. Columbus, OH: Also at 2.4%, boomers obtained 10,557 loans.

10. Virginia Beach, VA: 2.4% of city boomers bought real estate, resulting in 9,543 mortgages.

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This data underscores the impact of demographic trends on local economies and the real estate market. Areas catering to the needs and preferences of older individuals, particularly in terms of tax benefits, health services, and accessibility, are likely to maintain steady interest from this expanding population segment. Kaiser Permanente employees should evaluate these factors when planning their retirement locations to choose areas that align with their needs and preferences.

A frequently overlooked factor significantly influencing relocation decisions of retirees is the accessibility and quality of Medicare Advantage plans, which vary widely by state or even neighborhood. According to a 2022 study by the Kaiser Family Foundation, some regions offer a broad array of more competitive Medicare Advantage options, which could be a decisive factor for those looking to enhance their health during retirement ( KFF ). States like Florida and Pennsylvania stand out for their wide range of Medicare plans, effectively addressing the growing needs of a retired population seeking comprehensive medical care without financial strain. Kaiser Permanente employees evaluating their healthcare options can make more informed choices about where to retire based on available health services.

Selecting a health plan after retirement can be likened to choosing the right ticket for a concert. Initially, you might choose a location based on general views and proximity to the stage. However, as the performance progresses, you may find that the experience could be enhanced from a different spot, perhaps closer to the stage or in a quieter area. Similarly, once initially enrolled in a Medicare plan, your health needs might change, or you might discover additional benefits not offered by another plan, prompting a switch. Just as concertgoers can move to a better spot, retirees have the opportunity to adjust their medical plans during the open enrollment period to better meet their health needs, a valuable consideration for Kaiser Permanente employees assessing their post-retirement healthcare options.