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New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

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Top Retirement Destinations for Advantage Solutions Employees: Discover Where You Can Thrive in Your Golden Years

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Healthcare Provider Update: Healthcare Provider for Advantage Solutions: Advantage Solutions typically collaborates with various insurance providers and plans for their healthcare offerings, primarily through partnerships with large national insurers such as UnitedHealthcare and Anthem, among others. These partnerships allow Advantage Solutions to provide a diverse range of health plans and options for their employees and clients. Overview of Potential Healthcare Cost Increases in 2026: As the healthcare landscape evolves, significant hikes in Affordable Care Act (ACA) premiums are anticipated in 2026, with some states experiencing increases exceeding 60%. The driving forces behind these surging costs include escalating medical expenses, the potential loss of enhanced federal premium subsidies, and sizeable rate hikes requested by major insurers. Industry analysts suggest that without intervention to extend these subsidies, over 22 million marketplace enrollees could face out-of-pocket premium increases of more than 75%. This impending financial strain casts a shadow over the current healthcare market landscape, compelling consumers to adopt proactive strategies to mitigate the financial impact. Click here to learn more

In a recent survey by  Bankrate , Delaware has been identified as the premier state for retirement, ranking first in the company's annual survey, which assesses key elements influencing retirees' decisions. This year, Delaware rose from second place, surpassing Iowa, which now finds itself at ninth due to increased living expenses, property taxes, and homeowner insurance costs.

The Bankrate evaluation involved a comprehensive analysis of several data points across all states, excluding the District of Columbia. The rankings were based on five major categories: affordability (40% of the total score), overall well-being (25%), healthcare costs and quality (20%), weather (10%), and crime rate (5%). Advantage Solutions employees will find these factors essential when considering where to enjoy their retirement.

Often overlooked as a retirement destination, Delaware boasts numerous benefits that have solidified its status among retirees. It offers superior healthcare services, a favorable tax environment with no state or municipal tax, and an exemption from Social Security benefit taxes, enhancing its affordability. Despite higher-than-average living expenses, these financial perks make Delaware an attractive option for those seeking a stable post-career life.

The demographic profile of the country is notable for its high proportion of residents aged 62 and older, which enriches its collective diversity. However, Delaware does have areas of concern, including crime rates and the cost of living, which have not been as favorable. For Advantage Solutions retirees, understanding these dynamics is crucial to making an informed decision.

Alongside Delaware were West Virginia, Georgia, South Carolina, and Missouri, all renowned for their great affordability. In particular, West Virginia's low living and real estate expenses, coupled with affordable home insurance, secured its second-place position, even though it achieved better health quality. Georgia advanced from fifth to third place last year due to lower living expenses and home insurance rates, despite continuing issues with healthcare and crime. South Carolina, ranked fourth since the nineteenth century, is valued for its affordability and climate, despite crime-related challenges.

In contrast, the states deemed least favorable for retirement included Alaska, New York, Washington, California, and North Dakota. Alaska remained the least favored due to its poor accessibility and adverse weather conditions. High living costs are a common challenge across the Northeast and West, affecting retirees' financial stability and their ability to maintain their savings. Advantage Solutions employees should consider these factors when planning their retirement locations.

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Bankrate's study underscores the importance of feasibility in retirement planning, especially as many Americans feel financially unprepared for their retirement years. Relocating to a state that offers financial benefits can be a strategic decision for those nearing retirement age, thus allowing them to maximize their savings and enhance their quality of life during their golden years. This approach is particularly significant for individuals who are behind on their retirement savings, as moving to a more affordable location can significantly extend the duration and comfort of their retirement funds.

An often overlooked aspect of retirement planning is the availability of senior-friendly recreational activities, which can significantly enhance quality of life. For example, South Carolina, ranked fourth among the best states for retirement, offers a wide range of senior-friendly recreational activities, including over 360 golf courses and numerous national parks. This infrastructure not only provides entertainment but also opportunities for physical activity and socialization, which are essential for maintaining health and well-being in later life. Advantage Solutions retirees might find such states especially appealing for their active and engaging post-retirement lifestyle.

What is the 401(k) plan offered by Advantage Solutions?

The 401(k) plan at Advantage Solutions is a retirement savings plan that allows employees to save a portion of their salary on a pre-tax or Roth after-tax basis.

How does Advantage Solutions match employee contributions to the 401(k) plan?

Advantage Solutions offers a matching contribution to the 401(k) plan, typically matching a percentage of employee contributions up to a certain limit.

Can employees at Advantage Solutions choose how to invest their 401(k) funds?

Yes, employees at Advantage Solutions can select from a variety of investment options within the 401(k) plan, including mutual funds and other investment vehicles.

What is the eligibility requirement for Advantage Solutions’ 401(k) plan?

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

Is there a vesting schedule for the Advantage Solutions 401(k) match?

Yes, Advantage Solutions has a vesting schedule for the matching contributions, meaning employees must work for a certain period before they fully own the matched funds.

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

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

What are the contribution limits for the Advantage Solutions 401(k) plan?

The contribution limits for the Advantage Solutions 401(k) plan are set by the IRS and may change annually; employees should refer to the latest IRS guidelines for the current limits.

Can Advantage Solutions employees take loans against their 401(k) accounts?

Yes, Advantage Solutions allows employees to take loans against their 401(k) accounts, subject to specific terms and conditions outlined in the plan.

What happens to my 401(k) if I leave Advantage Solutions?

If you leave Advantage Solutions, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it with Advantage Solutions.

Does Advantage Solutions provide financial education regarding the 401(k) plan?

Yes, Advantage Solutions offers 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.
Advantage Solutions announced a major restructuring plan involving significant layoffs and office closures. The company cited the need to streamline operations and reduce costs amid ongoing economic uncertainties and shifting market demands.
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For more information you can reach the plan administrator for Advantage Solutions at 18100 Von Karman Avenue, Suite 1000 Irvine, CA 92612; or by calling them at (949) 797-2900.

*Please see disclaimer for more information

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