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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 Resideo Technologies Employees: Discover Where You Can Thrive in Your Golden Years

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Healthcare Provider Update: Healthcare Provider Information for Resideo Technologies Resideo Technologies primarily partners with several health insurance providers to offer health benefits to its employees. The exact healthcare providers may vary based on geographic location and specific employee plans; however, many employees utilize plans from major insurers such as UnitedHealthcare, Anthem, and Cigna, as these are prevalent in the market. Potential Healthcare Cost Increases in 2026 In 2026, employees of Resideo Technologies may confront a significant rise in healthcare costs due to a combination of factors. Insurers are requesting premium increases of up to 66% in several states, creating a challenging landscape for many employees relying on Affordable Care Act (ACA) marketplace plans. Coupled with the potential expiration of enhanced federal premium subsidies, nearly 92% of affected policyholders could see their out-of-pocket costs surge by over 75%. This scenario emphasizes the need for employees to review their healthcare options early and align their coverage with anticipated financial needs. 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%). Resideo Technologies 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 Resideo Technologies 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. Resideo Technologies 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. Resideo Technologies retirees might find such states especially appealing for their active and engaging post-retirement lifestyle.

What is the 401(k) plan offered by Resideo Technologies?

The 401(k) plan at Resideo Technologies is a retirement savings plan that allows employees to save a portion of their earnings on a tax-deferred basis.

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

Resideo Technologies offers a company match for employee contributions, which is typically a percentage of the employee's contribution, up to a specified limit.

What are the eligibility requirements to participate in the Resideo Technologies 401(k) plan?

Employees of Resideo Technologies are generally eligible to participate in the 401(k) plan after completing a specific period of service, usually outlined in the employee handbook.

Can employees of Resideo Technologies make changes to their 401(k) contributions?

Yes, employees of Resideo Technologies can change their contribution amounts at any time, subject to specific guidelines set by the plan.

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

The Resideo Technologies 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 the employer match in the Resideo Technologies 401(k) plan?

Yes, Resideo Technologies has a vesting schedule for the employer match, meaning employees must work for a certain period to fully own the matched contributions.

How can employees of Resideo Technologies access their 401(k) account information?

Employees can access their 401(k) account information through the online portal provided by the plan administrator, which is accessible via the Resideo Technologies employee resources page.

What happens to the 401(k) plan if an employee leaves Resideo Technologies?

If an employee leaves Resideo Technologies, they can choose to roll over their 401(k) balance into another retirement account, cash out, or leave it in the Resideo plan, subject to the plan's rules.

Are loans available from the 401(k) plan at Resideo Technologies?

Yes, Resideo Technologies allows employees to take loans from their 401(k) accounts under certain conditions, as specified in the plan documents.

Can employees of Resideo Technologies withdraw funds from their 401(k) before retirement?

Employees may be able to withdraw funds from their 401(k) before retirement under specific circumstances, such as financial hardship, but penalties may apply.

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

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