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

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Healthcare Provider Update: Healthcare Provider for PENN Entertainment PENN Entertainment primarily offers health insurance plans through its partnership with UnitedHealthcare, among other options, to provide a range of healthcare benefits for its employees. Potential Healthcare Cost Increases in 2026 As we approach 2026, healthcare costs for PENN Entertainment employees are poised to rise significantly, driven by anticipated record increases in Affordable Care Act (ACA) premiums. Analysts expect average premium hikes to exceed 19% nationally, with some states reporting increases up to 66%. The looming expiration of enhanced federal premium subsidies could exacerbate these increases, potentially raising out-of-pocket costs for employees by 75% or more. As companies navigate these challenges, it may be imperative for employees to evaluate their health coverage options carefully and consider proactive measures to mitigate the anticipated 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%). PENN Entertainment 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 PENN Entertainment 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. PENN Entertainment 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. PENN Entertainment retirees might find such states especially appealing for their active and engaging post-retirement lifestyle.

What types of retirement plans does PENN Entertainment offer to its employees?

PENN Entertainment offers a 401(k) retirement savings plan to help employees save for their future.

How can employees at PENN Entertainment enroll in the 401(k) plan?

Employees can enroll in the PENN Entertainment 401(k) plan by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.

Does PENN Entertainment match employee contributions to the 401(k) plan?

Yes, PENN Entertainment offers a matching contribution program for employee contributions to the 401(k) plan, subject to specific terms and conditions.

What is the maximum contribution limit for the PENN Entertainment 401(k) plan?

The maximum contribution limit for the PENN Entertainment 401(k) plan is in accordance with IRS guidelines, which may change annually.

Can employees at PENN Entertainment take loans against their 401(k) savings?

Yes, PENN Entertainment allows employees to take loans against their 401(k) savings, subject to the plan's rules and limits.

What investment options are available in the PENN Entertainment 401(k) plan?

The PENN Entertainment 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

Is there a vesting schedule for employer contributions in the PENN Entertainment 401(k) plan?

Yes, there is a vesting schedule for employer contributions in the PENN Entertainment 401(k) plan, which determines when employees fully own those contributions.

How often can employees at PENN Entertainment change their 401(k) contribution amounts?

Employees at PENN Entertainment can change their 401(k) contribution amounts at designated times throughout the year, as specified in the plan guidelines.

What happens to my PENN Entertainment 401(k) if I leave the company?

If you leave PENN Entertainment, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it in the PENN Entertainment plan if permitted.

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

Yes, there may be fees associated with the PENN Entertainment 401(k) plan, which can include administrative fees and investment management fees.

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

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