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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 CommScope Holding Employees: Discover Where You Can Thrive in Your Golden Years

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Healthcare Provider Update: Healthcare Provider for CommScope Holding CommScope Holding employs its workforce through an array of benefits, including health insurance offerings provided primarily by major insurers such as UnitedHealthcare, Cigna, and Blue Cross Blue Shield. These were selected due to their extensive national coverage and tailored plans that address various employee healthcare needs. Predictions on Healthcare Cost Increases in 2026 In 2026, healthcare costs are poised for dramatic increases, reflecting a perfect storm of factors affecting the Affordable Care Act (ACA) marketplace. Premiums for ACA plans are expected to rise sharply, with some states reporting hikes over 60%. This surge is driven by a combination of rising medical costs and the possible expiration of enhanced federal subsidies, which means that many enrollees could see their premiums skyrocket by over 75%. As a result, employees at CommScope Holding should strategically consider their healthcare options early to prepare for the financial implications ahead. 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%). CommScope Holding 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 CommScope Holding 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. CommScope Holding 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. CommScope Holding retirees might find such states especially appealing for their active and engaging post-retirement lifestyle.

What is the 401(k) plan offered by CommScope Holding?

The 401(k) plan at CommScope Holding is a retirement savings plan that allows employees to save a portion of their salary on a tax-deferred basis.

How does CommScope Holding match employee contributions to the 401(k) plan?

CommScope Holding offers a matching contribution to the 401(k) plan, which typically matches a percentage of employee contributions, helping to boost retirement savings.

What are the eligibility requirements for the 401(k) plan at CommScope Holding?

Employees of CommScope Holding are generally eligible to participate in the 401(k) plan after completing a specified period of employment, typically within the first few months.

Can employees of CommScope Holding change their contribution percentage to the 401(k) plan?

Yes, employees at CommScope Holding can change their contribution percentage to the 401(k) plan at any time, subject to the plan’s rules.

Does CommScope Holding offer a Roth 401(k) option?

Yes, CommScope Holding offers a Roth 401(k) option, allowing employees to contribute after-tax dollars and potentially enjoy tax-free withdrawals in retirement.

What investment options are available in the CommScope Holding 401(k) plan?

The 401(k) plan at CommScope Holding typically includes a range of investment options, such as mutual funds, target-date funds, and company stock.

How can employees at CommScope Holding access their 401(k) account information?

Employees of CommScope Holding can access their 401(k) account information online through the plan’s designated website or mobile app.

What happens to my 401(k) balance if I leave CommScope Holding?

If you leave CommScope Holding, you can choose to roll over your 401(k) balance to another retirement account, cash it out, or leave it in the CommScope Holding plan if allowed.

Are there any fees associated with the CommScope Holding 401(k) plan?

Yes, the CommScope Holding 401(k) plan may have administrative fees and investment-related fees, which are disclosed in the plan documents.

Can employees take loans against their 401(k) at CommScope Holding?

Yes, employees at CommScope Holding may have the option to take loans against their 401(k) balance, subject to the plan’s terms and conditions.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Restructuring Announcement: In early 2024, CommScope announced a major restructuring plan, resulting in significant layoffs across its global operations. The restructuring is part of an effort to streamline operations and reduce costs amid declining revenues.
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For more information you can reach the plan administrator for CommScope Holding at 1100 CommScope Place Hickory, NC 28602; or by calling them at (828) 324-2200.

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