Healthcare Provider Update: Healthcare Provider for Expeditors International of Washington Expeditors International of Washington primarily partners with major healthcare providers to offer employee health benefits. Typically, these include national insurers such as UnitedHealthcare, Anthem (Elevance Health), and Kaiser Permanente, among others. Employees are encouraged to choose plans that fit their specific healthcare needs. Potential Healthcare Cost Increases in 2026 As we approach 2026, healthcare costs are expected to surge significantly for employees of Expeditors International of Washington, largely driven by the anticipated expiration of enhanced premiums under the Affordable Care Act. Without these subsidies, many individuals could face premium increases exceeding 75%, impacting affordability and access to care. Coupled with rising medical costs and higher drug spending, these changes may create substantial financial burdens for employees and retirees alike, necessitating proactive budgeting and health planning. 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%). Expeditors Intl. of Washington 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 Expeditors Intl. of Washington 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. Expeditors Intl. of Washington 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. Expeditors Intl. of Washington retirees might find such states especially appealing for their active and engaging post-retirement lifestyle.
What type of retirement savings plan does Expeditors Intl. of Washington offer to its employees?
Expeditors Intl. of Washington offers a 401(k) retirement savings plan to help employees save for their future.
How can I enroll in the 401(k) plan at Expeditors Intl. of Washington?
Employees can enroll in the 401(k) plan at Expeditors Intl. of Washington by completing the enrollment form available through the HR portal.
Does Expeditors Intl. of Washington match employee contributions to the 401(k) plan?
Yes, Expeditors Intl. of Washington provides a matching contribution to employee 401(k) contributions, subject to certain limits.
What is the maximum contribution limit for the 401(k) plan at Expeditors Intl. of Washington?
The maximum contribution limit for the 401(k) plan at Expeditors Intl. of Washington follows the IRS guidelines, which are updated annually.
Can I change my contribution percentage to the 401(k) plan at Expeditors Intl. of Washington?
Yes, employees can change their contribution percentage at any time through the HR portal or by contacting HR at Expeditors Intl. of Washington.
When can I start withdrawing from my 401(k) plan at Expeditors Intl. of Washington?
Employees can typically start withdrawing from their 401(k) plan at Expeditors Intl. of Washington after reaching the age of 59½, subject to plan rules.
Are there any penalties for early withdrawal from the 401(k) plan at Expeditors Intl. of Washington?
Yes, early withdrawals from the 401(k) plan at Expeditors Intl. of Washington may incur penalties and taxes, as per IRS regulations.
What investment options are available in the 401(k) plan at Expeditors Intl. of Washington?
The 401(k) plan at Expeditors Intl. of Washington offers a variety of investment options, including mutual funds and target-date funds.
How often can I change my investment options in the 401(k) plan at Expeditors Intl. of Washington?
Employees can change their investment options in the 401(k) plan at Expeditors Intl. of Washington as often as they wish, typically with no restrictions on frequency.
Is there a vesting schedule for the employer match in the 401(k) plan at Expeditors Intl. of Washington?
Yes, Expeditors Intl. of Washington has a vesting schedule for employer matching contributions, which employees should review in the plan documents.