Healthcare Provider Update: Healthcare Provider for EnLink Midstream: EnLink Midstream primarily collaborates with health insurance providers to manage employee health benefits; however, specific healthcare providers associated with EnLink Midstream aren't publicly detailed in available resources. Potential Healthcare Cost Increases for EnLink Midstream in 2026: As we look towards 2026, EnLink Midstream could face significant increases in healthcare costs driven by a perfect storm of economic factors. Affordability concerns are amplified by anticipated record hikes in ACA premiums, with some states seeing increases over 60%. The potential expiration of enhanced federal premium subsidies may push out-of-pocket expenses for employees, causing premiums to rise by over 75% for many. This combination of escalating medical costs and regulatory changes could strain both company resources and employee health benefits, necessitating strategic adjustments in how EnLink approaches healthcare coverage. Click here to learn more
Wesley Boudreaux 'For the EnLink Midstream employees choosing their retirement options, the successful community models such as Sun City, Texas show how specialized developments can stimulate regional economic development and offer a meaningful post-career lifestyle,' said Wesley Boudreaux of The Retirement Group, a division of Wealth Enhancement Group.
Patrick Ray 'Retirees who want an active, vibrant and economically strong community can look to Georgetown's Sun City, where senior citizens play an important role in boosting the economy,' according to Patrick Ray, a representative of The Retirement Group, a division of Wealth Enhancement Group.
In this article we will discuss:
1. Demographic Trends and Economic Impact: Examining population changes and their effects on the economy through the baby boomers, especially EnLink Midstream retirees, and their activities in developments like Sun City, Texas.
2. Community and Lifestyle: Looking at the facilities and the kind of life that forces old people to settle in age-restricted communities and the high rate of development and change in areas like Georgetown.
3. Real Estate and Migration Patterns: Looking at the effects of the senior migration on the real estate market and the overall trend of age-restricted living and the reasons for moving to tax-friendly states like Texas.
The impact of the baby boomers is evident, and this is most evident in Georgetown, Texas, which is currently the fastest-growing city in the United States. This growth is primarily attributable to retirees, just as many EnLink Midstream employees prefer to settle in areas such as Sun City, Texas. This 5,421-acre development is for people 55+ and has activities such as pickleball courts, fitness centers, and swimming pools that appeal to the active senior.…
Among Georgetown’s population, 18% of residents are in Sun City, and this civil society echoes a demographic shift that is changing the face of America. The median age of the city is 73, which speaks of its lively senior citizen population, people like Suzanne Herndon who is 70 and embodies the energy of the community in her words, “We’re not dead yet.”
Georgetown’s strong senior population has greatly improved the economy of the area and has created a healthy financial situation with a healthy budget and reserves. This economic development is sustained by aggressive business development which creates many jobs in the food, shopping, and healthcare industries which are important for the health of the community.
Where other developments are aimed at the youth or the remote workers, Sun City has emerged as a haven for the elderly and more specifically an economically powerful generation. This model may be of interest to EnLink Midstream retirees as retirees of this caliber are capable of supporting the economic growth of the corporation as professionals do.
Senior citizens across the country including EnLink Midstream retirees are a significant consumer group making 45% of the total personal spending in the United States and owning about 70% of the nation’s household wealth. This financial power is especially visible in areas such as Georgetown where senior citizens have been responsible for high growth rates of 14% in the last few years. Some of the features that make the community attractive include theater groups and accessibility, which are very attractive to those who want to lead a comfortable and active retired life.
This economic prosperity is also reflected in the real estate market of Sun City where the median home prices have risen. Nationwide, the age-restricted living trend is on the rise and many retirees are leaving high-tax states and settling in low-tax states like Texas which offer certain advantages such as limiting property taxes for seniors.
This movement is not only financial but also cultural as a number of residents enjoy the homogeneous political and social environment of the community. This is also evident in the high votes that were given to the conservative candidates in the recent elections.
In conclusion, the successful senior community in Sun City reveals the changes taking place in the American society with the baby boomer generation moving to retirement. They select certain communities and pursue active economic activities that change the population and financial foundations of cities such as Georgetown. This can also be observed in the corporate world where companies, including the EnLink Midstream, understand the importance of engaging retired experts in consultancies to maintain the company's competitive edge and to support the community and economic development.
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- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
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Sources:
1. Penley, Taylor. 'Baby boomers bring big bucks to fastest-growing city in America: 'We're not dead yet'.' Fox Business , 9 July 2024, www.foxbusiness.com .
2. Wex, Sabina. 'Baby Boomers Are Bringing Their Hard-Earned Dollars to This Fast-Growing City in the U.S. Here’s Why the Wealthiest Generation Remains a Group of Consumers ‘Who Matter’.' Moneywise , www.moneywise.com . Accessed 6 Feb 2025.
3. Povey, Oliver. 'Baby Boomers are moving to this city in Texas known as the new ‘Sun City’.' AS USA , 9 Sep. 2024, www.en.as.com .
4. Johnson, Daniel. 'Sun City Texas: Georgetown’s Economic Powerhouse Driven by Active Seniors.' La Voce di New York , www.lavocedinewyork.com . Accessed 6 Feb 2025.
5. nhabla.com Staff. 'The Boomer Boom: How Baby Boomers Are Revitalizing Small Towns Across America.' nhabla , www.nhabla.com . Accessed 6 Feb 2025.
What is the primary purpose of the 401(k) plan at EnLink Midstream?
The primary purpose of the 401(k) plan at EnLink Midstream is to help employees save for retirement by allowing them to contribute a portion of their salary on a pre-tax basis.
How can employees enroll in the 401(k) plan at EnLink Midstream?
Employees can enroll in the 401(k) plan at EnLink Midstream by accessing the enrollment portal through the company's HR website or by contacting the HR department for assistance.
Does EnLink Midstream offer a company match for 401(k) contributions?
Yes, EnLink Midstream offers a company match for employee contributions to the 401(k) plan, which helps employees increase their retirement savings.
What types of investment options are available in EnLink Midstream's 401(k) plan?
EnLink Midstream's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.
When can employees start contributing to the 401(k) plan at EnLink Midstream?
Employees at EnLink Midstream can start contributing to the 401(k) plan after they have completed their eligibility requirements, typically within their first few months of employment.
What is the maximum contribution limit for the 401(k) plan at EnLink Midstream?
The maximum contribution limit for the 401(k) plan at EnLink Midstream follows the IRS guidelines, which may change annually. Employees should check the current limits for the specific year.
Can employees take loans against their 401(k) balance at EnLink Midstream?
Yes, EnLink Midstream allows employees to take loans against their 401(k) balance, subject to the plan's terms and conditions.
What happens to an employee's 401(k) balance if they leave EnLink Midstream?
If an employee leaves EnLink Midstream, they can choose to roll over their 401(k) balance to another retirement account, cash it out (which may incur penalties), or leave it in the EnLink Midstream plan if allowed.
Is there a vesting schedule for the company match in EnLink Midstream's 401(k) plan?
Yes, EnLink Midstream has a vesting schedule for the company match, meaning employees must work for a certain period before they fully own the matched contributions.
How often can employees change their contribution amounts in EnLink Midstream's 401(k) plan?
Employees at EnLink Midstream can typically change their contribution amounts at any time, subject to the plan's guidelines.