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

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

Healthcare Provider Update: Healthcare Provider for IAC IAC, officially known as IAC/InterActiveCorp, is known for its diverse portfolio of subsidiaries across various industries, including media, technology, and telecommunications. The primary healthcare provider associated with IAC is UnitedHealthcare, which is the health insurance division of UnitedHealth Group. UnitedHealthcare provides a range of healthcare plans and services, including individual and family coverage through platforms such as the Affordable Care Act (ACA) marketplace. --- Potential Healthcare Cost Increases in 2026 As the healthcare landscape evolves, significant premium hikes are expected for ACA marketplace plans in 2026, with some states reporting increases exceeding 60%. This surge in costs is attributed to rising medical expenses, the potential expiration of enhanced federal subsidies, and aggressive rate hikes from major insurers like UnitedHealthcare. A staggering 92% of policyholders may face an out-of-pocket increase of over 75% if subsidies are not renewed, highlighting a challenging financial outlook for millions relying on affordable healthcare options. It's essential for consumers to be proactive in managing their healthcare decisions amidst this anticipated landscape. 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%). IAC 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 IAC 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. IAC employees should consider these factors when planning their retirement locations.

Featured Video

Articles you may find interesting:

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. IAC retirees might find such states especially appealing for their active and engaging post-retirement lifestyle.

What is the IAC 401(k) plan?

The IAC 401(k) plan is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out, helping them prepare for retirement.

How can I enroll in the IAC 401(k) plan?

Employees can enroll in the IAC 401(k) plan by accessing the enrollment portal through the company’s HR website or by contacting the HR department for assistance.

Does IAC offer a matching contribution for the 401(k) plan?

Yes, IAC provides a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.

What is the eligibility requirement to participate in the IAC 401(k) plan?

Employees are generally eligible to participate in the IAC 401(k) plan after completing a specific period of service, as outlined in the plan documents.

What types of investment options are available in the IAC 401(k) plan?

The IAC 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to help employees diversify their savings.

Can I change my contribution rate to the IAC 401(k) plan?

Yes, employees can change their contribution rate to the IAC 401(k) plan at any time by accessing their account online or contacting HR.

What happens to my IAC 401(k) account if I leave the company?

If you leave IAC, you have several options for your 401(k) account, including rolling it over to a new employer’s plan or an individual retirement account (IRA).

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

Yes, there may be administrative fees and investment-related fees associated with the IAC 401(k) plan, which are detailed in the plan documents.

How can I access my IAC 401(k) account information?

Employees can access their IAC 401(k) account information through the online portal provided by the plan administrator.

What is the vesting schedule for IAC's matching contributions?

The vesting schedule for IAC's matching contributions is outlined in the plan documents, and it typically requires employees to work for a certain number of years before fully owning the match.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Pension Plan: Since IAC does not have a traditional pension plan, this section is not applicable. 401(k) Plan: Employees are generally eligible for the 401(k) plan if they have completed 30 days of service. Specific eligibility details such as age or years of service for the 401(k) plan are not explicitly outlined, but employees must be employed at the time of plan entry.

Restructuring and Layoffs: In early 2024, IAC announced a significant restructuring plan aimed at streamlining its operations and improving efficiency. This move involves laying off approximately 15% of its workforce across various divisions. The decision is part of a broader strategy to refocus the company’s resources on core businesses and enhance profitability. The restructuring is being closely watched as it reflects IAC's response to economic pressures and evolving market demands. This is crucial to understand given the current economic volatility and potential impacts on job security and company performance. Changes to Benefits and Retirement Plans: IAC has also revised its employee benefits and retirement plans as part of the restructuring. The company has updated its 401(k) match program and introduced new guidelines for pension contributions. These changes aim to align benefits with the company’s revised financial strategy and address recent tax reforms affecting corporate pensions. Understanding these changes is important for employees and investors, as they reflect broader trends in corporate benefit adjustments amid economic uncertainties and regulatory shifts.

Stock Options and RSUs: IAC typically grants stock options and RSUs to key employees and executives. Stock options allow employees to purchase IAC stock at a set price, often with a vesting schedule. RSUs are granted as shares of IAC stock that vest over time or upon achieving certain performance targets. Eligibility: Stock options and RSUs at IAC are generally available to senior management, key personnel, and high-performing employees. The specific terms of these grants vary based on the employee’s role and tenure at the company.

IAC provides comprehensive healthcare benefits including medical, dental, and vision coverage. They offer plans through major providers, with a focus on flexibility and employee choice. The company also includes mental health resources and wellness programs. Terms and Acronyms: PPO (Preferred Provider Organization), HSA (Health Savings Account), FSA (Flexible Spending Account), EAP (Employee Assistance Program).