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How Covetrus Retirees Are Using AI to Simplify Everyday Life

Healthcare Provider Update: Provides health insurance, dental, vision, life insurance, and FSAs, with flexible work arrangements and wellness support 2. With ACA costs projected to increase by 1518%, Covetruss employer-sponsored coverage offers a more stable and affordable alternative for employees and their families. Click here to learn more

'Artificial intelligence is helping many Covetrus employees simplify their transition into retirement by organizing finances and daily routines, but the key is to use these tools as support—not substitution—for thoughtful planning and professional guidance.' — Paul Bergeron, a representative of The Retirement Group, a division of Wealth Enhancement.

'Covetrus employees are finding that AI can streamline everything from budgeting to wellness, but lasting success in retirement comes from combining technology’s efficiency with informed financial decision-making.' — Tyson Mavar, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article, we will discuss:

How artificial intelligence (AI) is helping Covetrus retirees simplify daily life and handle complex tasks.
The ways AI can enhance health, home, and financial organization in retirement.
Why retirees are increasingly confident using AI to boost efficiency and reclaim valuable time.

Many Covetrus retirees are discovering that slowing down isn’t always easy, despite looking for respite from decades of early mornings, complex undertakings, and global operations. Handling investments, planning vacations, and staying organized can still feel demanding during retirement.

That’s where artificial intelligence (AI) has stepped in. What once seemed futuristic is now a practical tool for Covetrus’s retired professionals who want to streamline routines and reclaim valuable time.

According to Wealth Enhancement financial planner Kevin Won, CFP®, AWMA®, CRPC®, “we’re seeing older adults experimenting with AI tools for efficiency. They understand that these tools can help them reclaim time, which is one of life’s most precious resources.”

Simplifying Complex Tasks

While still in the workforce, AI is helping Covetrus employees transform their daily workflow. Tasks that once took hours—such as reviewing financial reports or tracking industry or market data—now take minutes with the help of AI assistants that can summarize data, highlight key performance trends, and draft personal reports.

Others are using AI to enhance their personal lives. For instance, with an AI-powered trip planner, it's possible to enter your preferred travel destinations, dates, and hobbies, and have the chatbot design an itinerary for you complete with dining, sightseeing, and activity suggestions.

The same is true after retirement. “The retirees I work with value how AI brings order and clarity,” Won adds. “Whether it’s comparing health care options or managing monthly expenses, these tools can handle the heavy lifting so retirees can focus on other areas of their lives.”

Improving Health and Home Management

Many former Covetrus professionals are also turning to AI for personal wellness and home organization. Some use chatbots for home maintenance guidance, while others leverage AI to build custom workout plans that adapt to travel schedules or physical limitations. These tools help retirees maintain consistency without needing advanced tech skills or expensive memberships.

According to Won, “AI can give older adults autonomy. They don’t need to wait for instruction or assistance. Technology enables them to take the lead in their daily lives, including finances and health care choices.”

A Modern Assistant for Financial Confidence

Retirees can also use AI to help arrange their financial information before meetings with advisors. From summarizing financial articles to preparing questions, AI helps retirees save time while staying informed. Some even use it as a digital filing assistant, categorizing tax documents, receipts, and travel logs for the upcoming year.

Won cautions, however, that “AI should be viewed as guidance, not a promise. It’s a powerful assistant, but it can still make errors—especially on topics like health or finance—so always double-check important information.”

From Skepticism to Confidence

While some retirees were initially hesitant to adopt AI, many have now incorporated it into their routines. Surveys show that, while older generations are slower to adopt new technologies, comfort and usage are steadily rising.¹

Won explains, “Retirees who’ve spent decades adapting to innovation in corporate environments, like Covetrus, already have the resilience and mindset needed to learn new tools. Now, AI works for them—reducing complexity, not adding to it.”

A Smart Way to Simplify Retirement

For many retirees, using AI is about boosting productivity, not just curiosity. Automating travel planning, organizing budgets, and reducing decision fatigue can make retirement more manageable and less stressful.

According to Won, “you’re really adding peace of mind when you integrate smart tools into daily life. The goal isn’t to master the technology. It’s to let it operate behind the scenes so you can focus on what matters most.”

If you’re a Covetrus retiree looking to organize your finances, streamline health care costs, or enjoy your retirement with fewer hassles, The Retirement Group can help. Call (800) 900-5867 to speak with a knowledgeable representative today.

For more information, visit WealthEnhancement.com or call Wealth Enhancement Group at (800) 492-1222 to speak with a Certified Financial Planner.

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Articles you may find interesting:

Sources:

1. Kakulla, Brittne, Laura Skufca, Patty David, Jessica Boothe, and Kristen Garrett. ' Empowering Independence With Technology Among Adults Age 50-Plus .' Washington, DC: AARP Research, Jan. 2025.
2. “Young Adults Are Leading the Way in AI Adoption.” AP-NORC Center for Public Affairs Research, 29 July 2025.
3. Chui, Michael, et al. The Economic Potential of Generative AI: The Next Productivity Frontier. McKinsey Global Institute, June 2023.
4. Chatbots in Consumer Finance. Consumer Financial Protection Bureau, June 2023.
5. “Older Adults Express Mixed Views on Artificial Intelligence.” NORC at the University of Chicago, Oct. 2023.

What type of retirement plan does Covetrus offer to its employees?

Covetrus offers a 401(k) retirement savings plan to its employees.

Can employees of Covetrus contribute to their 401(k) plan?

Yes, employees of Covetrus can make contributions to their 401(k) plan through payroll deductions.

What is the maximum contribution limit for Covetrus employees under the 401(k) plan?

The maximum contribution limit for Covetrus employees under the 401(k) plan is determined by the IRS and may change annually. Employees should check the current limits for the specific year.

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

Yes, Covetrus offers a matching contribution to employee 401(k) contributions, subject to certain conditions.

When does Covetrus start matching employee contributions to the 401(k) plan?

Covetrus typically starts matching employee contributions after the employee has completed a certain period of service, as outlined in the plan documents.

How can Covetrus employees enroll in the 401(k) plan?

Covetrus employees can enroll in the 401(k) plan by completing the enrollment process through the company's designated benefits portal.

What investment options are available in Covetrus' 401(k) plan?

Covetrus offers a variety of investment options in its 401(k) plan, including mutual funds, target-date funds, and other investment vehicles.

Can Covetrus employees change their contribution amounts to the 401(k) plan?

Yes, Covetrus employees can change their contribution amounts to the 401(k) plan at any time, subject to plan rules.

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

Yes, Covetrus has a vesting schedule for its matching contributions, which means employees must work for a certain period before they fully own the matched funds.

How can Covetrus employees access their 401(k) account information?

Covetrus employees can access their 401(k) account information through the company's benefits portal or by contacting the plan administrator.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Covetrus offers its employees both a 401(k) plan and a pension plan, designed to help them prepare for retirement. For the 401(k) plan, employees are eligible to participate after one year of service. Covetrus provides a company match, which becomes available once the employee has completed their first year. The 401(k) plan is designed to align with Covetrus's commitment to employee well-being and financial health. Regarding the pension plan, Covetrus uses a Defined Benefit plan structure. The eligibility for this plan typically includes a combination of years of service and age, though specific details about the formula or exact qualifications were not readily available. The name of the pension plan and more detailed information about the pension formula are typically found in the company’s official documents or annual reports.

Restructuring and Layoffs: Covetrus has undergone significant restructuring, leading to layoffs as part of consolidating its North American operations. The company laid off 80 employees across various U.S. locations. This restructuring aims to streamline operations, reduce role duplication, and enhance customer service for veterinary practices. Additionally, Covetrus has completed its separation from former parent company Henry Schein, which included exiting transitional service agreements. Pension and 401(k) Changes: With ongoing economic shifts, adjustments in 401(k) contribution limits for 2024 have been announced. These changes include an increase in the contribution limit to $23,000 and catch-up contributions for those aged 50 and over, allowing them to contribute up to $30,500. These pension adjustments are aligned with the SECURE Act 2.0, impacting Covetrus employees and others participating in these plans.

For Covetrus, employee stock options (SOs) and Restricted Stock Units (RSUs) are critical components of their compensation packages, especially designed to attract and retain top talent within the organization. Covetrus offers both Non-Qualified Stock Options (NQSOs) and Incentive Stock Options (ISOs) as part of their stock option program. NQSOs are available to employees at all levels, offering the right to purchase Covetrus stock at a predetermined price, typically below market value, after meeting specific vesting periods. ISOs are usually reserved for top executives and offer favorable tax treatment compared to NQSOs. Regarding RSUs, Covetrus grants these units primarily to senior leadership and critical employees. RSUs represent a commitment by Covetrus to award shares of its stock at a future date, contingent upon the employee meeting certain performance milestones or continued employment. RSUs typically vest over a set period, such as three to five years, promoting long-term retention. In 2022, 2023, and 2024, Covetrus continued to emphasize these equity compensation tools as part of their overall strategy to enhance employee engagement and align their workforce with shareholder interests. Eligibility for stock options and RSUs at Covetrus is generally based on job level and performance, with the company ensuring that key contributors are rewarded with these equity incentives.

Covetrus offers a comprehensive suite of health benefits to its employees, focusing on various options that cater to different needs. For the years 2022 through 2024, Covetrus provided standard health insurance, dental and vision insurance, and options for both Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). These plans are designed to support a wide range of healthcare needs, from routine check-ups to more extensive medical procedures. Additionally, Covetrus includes life insurance and disability coverage in their benefits package, ensuring that employees have access to critical support in case of unforeseen circumstances. The company also emphasizes wellness programs, offering initiatives to promote healthier lifestyles among its workforce. A significant aspect of Covetrus's health benefits is their commitment to flexibility. Employees have options for different levels of coverage depending on their personal or family needs. The use of wellness incentives, such as gym memberships or health coaching, is encouraged to maintain a balanced work-life integration.

Additional Articles

Check Out Articles for Covetrus employees

For more information you can reach the plan administrator for Covetrus at 7 Custom House St. Portland, ME 4101; or by calling them at 888-280-2221.

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