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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 PerkinElmer Employees: Discover Where You Can Thrive in Your Golden Years

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Healthcare Provider Update: Healthcare Provider for PerkinElmer PerkinElmer, a key player in the diagnostics and life sciences industry, offers its employees access to various healthcare providers through employer-sponsored health plans. Typically, these plans include options from prominent national insurers such as UnitedHealthcare, Anthem, and Cigna, but specific provider networks may vary based on the region and the type of plan selected. Potential Healthcare Cost Increases in 2026 As we approach 2026, PerkinElmer and its employees may face significant increases in healthcare costs amidst a challenging landscape. Predicted healthcare premiums for Affordable Care Act (ACA) marketplace plans are set to rise sharply, with some states anticipating hikes exceeding 60%. Contributing factors include the expiration of enhanced federal subsidies, rising medical inflation, and aggressive rate requests from major insurers. With over 22 million marketplace enrollees expected to see their out-of-pocket premiums surge by more than 75%, strategic planning for healthcare expenses will be critical for individuals and families in the coming year. 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%). PerkinElmer 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 PerkinElmer 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. PerkinElmer 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. PerkinElmer retirees might find such states especially appealing for their active and engaging post-retirement lifestyle.

What is the 401(k) plan offered by PerkinElmer?

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

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

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

Does PerkinElmer offer a company match for the 401(k) contributions?

Yes, PerkinElmer provides a company match for employee contributions to the 401(k) plan, which helps employees maximize their retirement savings.

What is the eligibility requirement to participate in PerkinElmer's 401(k) plan?

Employees at PerkinElmer are typically eligible to participate in the 401(k) plan after completing a specified period of service, as outlined in the employee handbook.

How much can I contribute to the PerkinElmer 401(k) plan each year?

Employees can contribute up to the IRS limit for 401(k) contributions, which may change annually. PerkinElmer encourages employees to check the current limits for accurate information.

Are there any investment options available in PerkinElmer's 401(k) plan?

Yes, PerkinElmer offers a variety of investment options within the 401(k) plan, including mutual funds and other investment vehicles to help employees grow their retirement savings.

Can I change my contribution amount to the 401(k) plan at PerkinElmer?

Yes, employees can change their contribution amounts to the PerkinElmer 401(k) plan at any time, subject to certain guidelines provided by the plan.

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

If you leave PerkinElmer, you have several options for your 401(k), including rolling it over to a new employer’s plan, transferring it to an IRA, or cashing it out, though cashing out may incur taxes and penalties.

When can I start withdrawing from my PerkinElmer 401(k) plan?

Employees can typically begin withdrawing from their PerkinElmer 401(k) plan at age 59½, though there are specific rules and conditions that apply.

Does PerkinElmer offer loans against my 401(k) balance?

Yes, PerkinElmer allows employees to take loans against their 401(k) balance, subject to the terms and conditions of the plan.

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

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