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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 SBA Communications Employees: Discover Where You Can Thrive in Your Golden Years

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Healthcare Provider Update: Healthcare Provider for SBA Communications SBA Communications likely partners with various health insurance providers for its employee health benefits. However, specific details on the designated healthcare provider may vary based on the employee's location and specific plan options offered by the company. Potential Healthcare Cost Increases for Employees in 2026 As we approach 2026, employees at SBA Communications should brace for significant healthcare cost increases driven by various market pressures. Health insurance premiums in the Affordable Care Act (ACA) marketplace are expected to surge, with some states projected to see hikes exceeding 60%. This increase is compounded by the potential expiration of enhanced federal subsidies, which, if not extended, could leave many individuals facing monthly premium increases of over 75%. With rising medical costs, especially in pharmaceuticals and hospital services, employees may find themselves responsible for a larger share of their health expenses unless proactive measures are taken to navigate these changes. 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%). SBA Communications 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 SBA Communications 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. SBA Communications 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. SBA Communications retirees might find such states especially appealing for their active and engaging post-retirement lifestyle.

What type of retirement savings plan does SBA Communications offer?

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

Does SBA Communications match employee contributions to the 401(k) plan?

Yes, SBA Communications provides a matching contribution to employee 401(k) accounts, up to a certain percentage of their salary.

When can employees of SBA Communications enroll in the 401(k) plan?

Employees of SBA Communications can enroll in the 401(k) plan during the initial enrollment period upon hiring and during annual open enrollment periods.

Are there any eligibility requirements to participate in the SBA Communications 401(k) plan?

Yes, employees must meet specific eligibility criteria, such as a minimum period of service, to participate in the SBA Communications 401(k) plan.

What investment options are available within the SBA Communications 401(k) plan?

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

How can employees of SBA Communications change their contribution amounts to the 401(k) plan?

Employees can change their contribution amounts to the SBA Communications 401(k) plan by submitting a request through the company's benefits portal or contacting HR.

Can employees take loans against their 401(k) balance at SBA Communications?

Yes, SBA Communications allows employees to take loans against their 401(k) balance, subject to the plan's terms and conditions.

What happens to my 401(k) account if I leave SBA Communications?

If you leave SBA Communications, you can choose to roll over your 401(k) balance to another retirement account, cash it out, or leave it in the SBA Communications plan if eligible.

Does SBA Communications provide financial education resources for employees regarding the 401(k) plan?

Yes, SBA Communications offers financial education resources and workshops to help employees understand their 401(k) options and investment strategies.

Is there a vesting schedule for the employer match in the SBA Communications 401(k) plan?

Yes, there is a vesting schedule for the employer match in the SBA Communications 401(k) plan, which determines when you fully own the matched contributions.

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