<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

Why Green Valley, Arizona, is the Ideal Retirement Destination for NOV Employees

image-table

Healthcare Provider Update: Healthcare Provider for NOV The healthcare provider for NOV Inc. (formerly known as National Oilwell Varco) is typically determined by their employee health insurance plans, which can include various major insurance carriers. These providers may vary depending on the location and specific plans offered through NOV's benefits packages. Common offerings may include large insurers such as UnitedHealthcare, Aetna, or Blue Cross Blue Shield, among others. Healthcare Cost Increases in 2026 As the healthcare landscape evolves, significant premium hikes for Affordable Care Act (ACA) marketplace plans are anticipated in 2026, with some states projecting increases exceeding 60%. The primary drivers of these surges include rising medical costs, the potential expiration of enhanced federal premium subsidies, and substantial rate increases from major insurers. The Kaiser Family Foundation warns that without congressional intervention, approximately 22 million enrollees could experience a staggering rise in out-of-pocket costs, with a potential increase of over 75% in their premiums. This combination of factors signals a challenging financial environment for healthcare consumers as they navigate impending cost fluctuations. Click here to learn more

Retirement is a significant phase of life where the choice of an ideal location involves various factors beyond mere convenience. Medical accessibility, recreational opportunities, community involvement, and safety play crucial roles in determining the suitability of a haven for NOV retirees. While Florida remains one of the most popular retirement destinations in the U.S., Arizona has emerged as equally attractive for those seeking a blend of comfort, ease, and natural beauty.


Arizona's importance as a retirement destination is confirmed by recent results from  Realtor.com , which ranked Green Valley, Arizona, as the second-best retirement spot in 2024. This ranking marks a notable improvement from its fourth position in 2023, primarily due to the region's natural attractions, including bird-watching opportunities in Madera Canyon. Located about 30 miles south of Tucson in Pima County, Green Valley was founded in the 1960s and currently has approximately 20,000 permanent residents with an average age of 74. The community is specially designed for retirees, with 83% of real estate listings considered retirement-friendly and an average listing value of $350,000.

The market dynamics observed during the COVID-19 pandemic, where remote work became widespread, allowed individuals to adopt a retirement lifestyle prematurely. According to  Stacey Bell,  a realtor at Long Realty Company/Luxury Portfolio International, the current real estate market is more balanced, facilitating an in-depth exploration for future buyers. Bell highlights the phenomenon by noting, 'Quality homes continue to sell quickly, but now is the time to explore the market thoroughly.'

Green Valley offers more than just beautiful scenery and suitable housing; it is rich in history and culture. Nearby Sahuarita preserves remnants of Indian heritage with Jesuit settlements dating back to the 17th century. Architecture and history enthusiasts can explore the San Xavier Del Bac Mission, located about 20 miles north, known for being Arizona's oldest European structure. Additionally, the Titan Missile Museum, the last remaining Titan II site from the Cold War era, provides a unique perspective on historic military infrastructure. NOV retirees should take these attractions into consideration when deciding where they would like to retire. 


Culturally, the region thrives with the artistic vibrancy of Tubac, where numerous galleries and museums enrich the local cultural landscape. Green Valley itself promotes an active lifestyle with its remarkable communal facilities, such as more than ten pools, various tennis and pickleball courts, and six fitness centers. The community offers a variety of classes and activities, ranging from foreign language courses to yoga, catering to different interests and encouraging lifelong learning and engagement. These are perfect for NOV retirees looking to pick up new hobbies during their retirement years. 

Describing the lifestyle, Bell states, 'It's an adult summer camp.' Our entire community is designed for retirees to discover hidden talents, engage in passions, and rejuvenate. We are close enough to Tucson to enjoy world-renowned dining, culture, and entertainment, yet far enough to enjoy tranquility.

According to Realtor.com, Green Valley's proximity to a major urban center like Tucson enhances its appeal, offering numerous entertainment and cultural options. This proximity ensures that retirees have access to the best of both worlds—a peaceful neighborhood life bolstered by the amenities and conveniences of a large city.

Featured Video

Articles you may find interesting:

Loading...


In summary, as NOV employees approach retirement, places like Green Valley stand out not only for their serene environments and tailored amenities but also for their rich cultural heritage and strong community life. This destination offers a comprehensive lifestyle that promotes both relaxation and active engagement, essential for a fulfilling retirement.

Green Valley, Arizona, not only offers a beautiful retirement setting but also stands out for its exceptional healthcare services, which are a critical consideration for retirees. According to a 2023 U.S. News study, Arizona boasts several top hospitals offering specialized services for older adults. With easy access to these healthcare facilities from Green Valley, retirees can enjoy quality medical assistance while living in a peaceful environment. This healthcare accessibility is particularly attractive for NOV employees entering retirement, ensuring continuous health support during their golden years.

Choosing Green Valley, Arizona, for your  NOV retirement is akin to selecting a fine vintage wine—meticulously nurtured and perfectly balanced to enhance your golden years. Just as a wine connoisseur appreciates the rich history and refined qualities of a vintage, retirees will appreciate the serene landscape of Green Valley, its rich cultural past, and its well-planned amenities. This community combines the tranquility of a secluded retreat with the vibrancy of cultural and recreational activities, much like a wine that offers both a smooth note and a burst of flavors, ensuring a retirement that is as fulfilling as a fine wine enjoyed in peace.

What is the purpose of NOV's 401(k) Savings Plan?

The purpose of NOV's 401(k) Savings Plan is to help employees save for retirement by allowing them to contribute a portion of their salary on a pre-tax or after-tax basis.

How can employees enroll in NOV's 401(k) Savings Plan?

Employees can enroll in NOV's 401(k) Savings Plan by accessing the company's benefits portal and following the enrollment instructions provided.

Does NOV offer a company match for contributions to the 401(k) Savings Plan?

Yes, NOV offers a company match for contributions to the 401(k) Savings Plan, which helps employees maximize their retirement savings.

What types of investment options are available in NOV's 401(k) Savings Plan?

NOV's 401(k) Savings Plan provides a variety of investment options, including mutual funds, target-date funds, and other investment vehicles tailored to different risk tolerances.

Can employees change their contribution percentage to NOV's 401(k) Savings Plan at any time?

Yes, employees can change their contribution percentage to NOV's 401(k) Savings Plan at any time through the benefits portal, subject to certain limitations.

Is there a vesting schedule for the company match in NOV's 401(k) Savings Plan?

Yes, there is a vesting schedule for the company match in NOV's 401(k) Savings Plan, which determines when employees fully own the matched funds based on their years of service.

What is the minimum age requirement to participate in NOV's 401(k) Savings Plan?

The minimum age requirement to participate in NOV's 401(k) Savings Plan is typically 21 years old, although employees can start contributing once they meet this age requirement.

Are there any fees associated with NOV's 401(k) Savings Plan?

Yes, there may be fees associated with NOV's 401(k) Savings Plan, including administrative fees and investment management fees, which are disclosed in the plan documents.

How often can employees change their investment allocations in NOV's 401(k) Savings Plan?

Employees can change their investment allocations in NOV's 401(k) Savings Plan at any time, although there may be restrictions on frequent trading.

What happens to an employee's 401(k) account if they leave NOV?

If an employee leaves NOV, they have several options for their 401(k) account, including rolling it over to another retirement account, cashing it out, or leaving it in the NOV plan if eligible.

New call-to-action

Additional Articles

Check Out Articles for NOV employees

Loading...

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

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for NOV employees