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

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Healthcare Provider Update: Healthcare Provider for Qorvo Qorvo's healthcare provider is the International Foundation of Employee Benefit Plans, which offers insights and resources on employee benefits, including healthcare options for Qorvo employees. Potential Healthcare Cost Increases in 2026 In 2026, Qorvo employees are likely to face significant increases in healthcare costs, primarily driven by anticipated sharp hikes in ACA marketplace premiums and broader trends affecting employer-sponsored health plans. With many states projecting premium increases of over 60%, Qorvo employees should expect to shoulder a larger share of these rising expenses as companies respond to economic pressures. As a result, employees are encouraged to actively review and adjust their benefit selections and contribution strategies to mitigate the anticipated financial impact. Understanding these changes and planning accordingly can help employees navigate the challenging landscape of healthcare affordability in 2026. 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%). Qorvo 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 Qorvo 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. Qorvo 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. Qorvo retirees might find such states especially appealing for their active and engaging post-retirement lifestyle.

What is the Qorvo 401(k) plan?

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

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

Qorvo offers a matching contribution to the 401(k) plan, which means that for every dollar you contribute, Qorvo will match a certain percentage up to a specified limit.

At what age can I start participating in the Qorvo 401(k) plan?

Employees at Qorvo can typically start participating in the 401(k) plan as soon as they are eligible, usually after completing a specific period of employment.

Can I change my contribution percentage to the Qorvo 401(k) plan?

Yes, Qorvo allows employees to change their contribution percentage to the 401(k) plan at any time, subject to the plan's guidelines.

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

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

Is there a vesting schedule for Qorvo's 401(k) matching contributions?

Yes, Qorvo has a vesting schedule for its matching contributions, meaning employees must work for a certain period before they fully own the employer's contributions.

How can I access my Qorvo 401(k) account?

Employees can access their Qorvo 401(k) account online through the plan's designated website or by contacting the plan administrator for assistance.

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

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

Can I take a loan from my Qorvo 401(k) plan?

Yes, Qorvo allows employees to take loans from their 401(k) accounts under certain conditions, subject to the plan's rules and limits.

Are there penalties for withdrawing from my Qorvo 401(k) before retirement?

Yes, early withdrawals from your Qorvo 401(k) plan before the age of 59½ may incur penalties and taxes, depending on the circumstances.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
401(k) plan with 100% vested employer match, stock purchase plan, additional health and insurance benefits.
Qorvo provides RSUs to its executives and key employees. RSUs vest over three to four years, promoting long-term performance and retention.
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For more information you can reach the plan administrator for Qorvo at , ; or by calling them at .

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