New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Hologic Employees Confront the Fear of Running Out of Money in Retirement

Healthcare Provider Update: Hologic offers a comprehensive benefits program through its Better Rewards initiative. Employees can choose from medical plans administered by Blue Cross Blue Shield of Massachusetts, including PPO and Consumer Driven Health Plans with HSA options. The company also provides dental, vision, mental health support, and wellness resources. Additional benefits include financial security plans, career development, and family support services 6. Healthcare costs in the United States are projected to continue rising through 2026, with insurers proposing significant premium increases for Affordable Care Act (ACA) plans. A recent analysis found that ACA insurers are seeking a median premium increase of 15% for 2026, marking the largest hike since 2018. This surge is attributed to factors such as the anticipated expiration of enhanced premium tax credits, rising medical costsincluding expensive medications and increased hospital staysand a shift in the risk pool towards higher-cost enrollees. Without the renewal of enhanced subsidies, out-of-pocket premiums for ACA marketplace enrollees could increase by more than 75% on average. Click here to learn more

'To allay long-term financial concerns, Hologic employees may benefit from a comprehensive retirement strategy that addresses inflation, health care costs, and tax planning.' – Michael Corgiat, a representative of The Retirement Group, a division of Wealth Enhancement.

'Proactive retirement planning—especially around inflation, health care, and shifting tax policies—can help Hologic employees gain clarity and reduce uncertainty in the years leading up to retirement.' – Brent Wolf, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article we will discuss:

Key causes of retirement anxiety, including inflation, health care, and taxes.
Generational differences in money concerns and readiness.
The value of broad retirement planning approaches.

Retirement Anxiety is On The Rise

Employees across industries, including those at Hologic, have long worried about how they will fund retirement. These concerns have grown considerably in today’s economy. Nearly two out of three Americans (64%) said they worry more about outliving their resources than they do about dying, according to the Allianz Center for the Future of Retirement’s 2025 Annual Retirement Study. ¹

Main Causes of Retirement-Related Worry

The Allianz study lists several key triggers of these fears. Regarding long-term planning, 54% of respondents said inflation was their top worry. Increases in health care costs, housing, and food prices are still undermining people’s purchasing power.

Concerns around Social Security’s future and tax burdens are also high. 43% said they feared Social Security might not offer adequate support. And another 43% named high taxes as a major issue.

Generational Gaps in Money Stress

Gen X—often balancing care for both kids and aging parents—report the highest worry: 70% versus 66% of millennials and 61% of boomers. Among corporate workers, including those at Hologic, this dynamic underlines how family obligations can magnify retirement concerns.

The Gap Between Worry and Action

The survey shows a gap between concern and conversation: just 23% of respondents have talked about outliving their assets with a retirement specialist, down from 28% in 2024. ² That said, Americans are considering several strategies to allay these fears, ranking the following approaches as most helpful:

41% said cutting current spending to funnel more toward retirement 
44% said increasing retirement contributions 
39% said postponing retirement
While increasing contributions to retirement accounts could help address these concerns, barriers remain: daily necessities (63%), credit card debt (40%), mortgage or rent (35%) were top reasons people weren’t contributing more.

The Emotional Side of Retirement Anxiety

Retirement fears influence not just finances, but lifestyle, career choices, and family planning. Worries about independence, dignity, and quality of life often accompany fear of running short on funds.

Health care need are often underestimated too, complicating the equation. Medicare covers many basic services, but long‑term care, home assistance, and uncovered treatments can add large bills—adding uncertainty even for high‑income employees.

Broader Retirement Planning Matters

The Allianz findings emphasize planning well beyond just saving. With people living 25 to 30 years post‑work, a solid planning mindset is critical. As Kelly LaVigne, VP at Allianz Life, noted, “Americans areliving longer… your money needs to go farther. A good plan considers 25 to 30 years of retirement, not just the first ten.” ²

Key components often include:

Income strategies: setting up regular monthly disbursements from assets
Tax planning: reducing tax burdens on withdrawals
Health care planning: factoring in Medicare gaps and long‑term care
Inflation alignment: keeping income responsive to cost increases

Combined, these strategies can help build resilience, confidence, and preparedness even in uncertain times.

In Conclusion

The 2025 Allianz Retirement Study makes it clear: a majority of Americans—and Hologic employees among them—see the threat of running out of money as more frightening than death. Rising inflation, health care spending, and uncertainty around Social Security are central drivers. Fewer are taking direct action through planning conversations or boosted contributions.

Featured Video

Articles you may find interesting:

Yet there is opportunity. The IRS now permits catch‑up 401(k) contributions of up to $11,250 for those aged 60–63 in 2025—above the standard limit. For many, this is a practical way to fortify resources in those final working years.

A Final Thought

Think of retirement like a long sea voyage. Death may be the storm ahead, but empty savings are the leak that can sink the ship first. According to the Allianz study, 64% of Americans fear that leak more than the storm. For Hologic employees, the goal is to build a well-structured plan—with consistent income, planning for health costs, and tax awareness—that can keep the vessel afloat for the long haul.

Sources:

1. Allianz Life Insurance Company of North America, ' How Americans feel about retirement in 2025 ,' by the Allianz Center for the Future of Retirement ^TM , June 2025.

2. businesswire, ' Americans Are More Worried About Running Out of Money Than Death ,' April 22, 2025.

What type of retirement savings plan does Hologic offer to its employees?

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

Does Hologic provide a matching contribution for its 401(k) plan?

Yes, Hologic provides a matching contribution to the 401(k) plan to help employees save for retirement.

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

Employees at Hologic are generally eligible to participate in the 401(k) plan after completing a specified period of service.

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

Hologic employees can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

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

Hologic's 401(k) plan offers a variety of investment options, including mutual funds and target-date funds.

Can Hologic employees change their contribution percentage at any time?

Yes, Hologic employees can change their contribution percentage at any time, subject to the plan's guidelines.

Is there a vesting schedule for Hologic's matching contributions in the 401(k) plan?

Yes, Hologic has a vesting schedule for matching contributions, which means employees must work for a certain period to fully own those contributions.

What is the maximum contribution limit for Hologic's 401(k) plan?

The maximum contribution limit for Hologic's 401(k) plan is in line with IRS regulations, which may change annually.

Does Hologic offer any educational resources to help employees manage their 401(k) investments?

Yes, Hologic provides educational resources and tools to help employees make informed decisions about their 401(k) investments.

Can Hologic employees take loans against their 401(k) savings?

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

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

Hologic Inc. offers its employees the Hologic, Inc. Savings and Investment Plan through Fidelity, covering approximately 6,291 employees. This plan allows participants to make contributions toward their retirement and benefit from company matches. The name of Hologic's 401(k) plan is the "Hologic, Inc. Savings and Investment Plan." Employees who participate in the plan can leave their account with Fidelity, roll it over into an IRA or a new 401(k) plan, or withdraw their funds, though tax penalties may apply for early withdrawal (Capitalize). Hologic does not offer a defined pension plan; instead, they focus on their 401(k) offering. The company terminology for this plan refers to it as a savings and investment vehicle aimed at helping employees grow their retirement funds.

In 2023 and 2024, Hologic has undergone significant restructuring efforts, leading to workforce layoffs and changes in employee benefits, including their 401(k) and pension plans. The company has aligned its strategy with the ongoing SECURE 2.0 Act reforms, which include updates to 401(k) contributions and eligibility, particularly for part-time employees and those nearing retirement. Hologic has also increased its focus on health benefit plans, adapting to new laws that affect retirement savings and telehealth services (Mondaq) (CLA).

Hologic offers stock options and Restricted Stock Units (RSUs) to its employees as part of their equity compensation program. These incentives are primarily aimed at retaining talent by providing long-term financial rewards. Hologic's stock options allow employees to purchase company stock at a predetermined price, typically vesting over a period of years. RSUs, on the other hand, grant employees shares of company stock once certain vesting conditions are met, which can also be tied to performance metrics. For the years 2022, 2023, and 2024, Hologic has continued to offer these equity incentives as part of their compensation packages. RSUs are primarily available to senior-level employees and high performers, allowing them to benefit from the company's growth. Stock options are more broadly available, often included in compensation for managerial and higher-level employees. In 2023, for instance, Hologic executed a significant share repurchase program, buying back millions of shares, which can positively impact the value of stock options and RSUs held by employees. This buyback program reflects the company's commitment to maximizing shareholder value, which directly benefits employees holding stock-based compensation

Lyra Health: Hologic partners with Lyra Health to offer a robust mental and emotional wellness program. This benefit includes access to in-person, virtual, digital, group, and individualized care aimed at supporting employees' mental health. Healthy Living Wellness Program: Hologic collaborates with Virgin Pulse to provide a well-being platform offering motivational tools, tips, rewards, and support to help employees and their families maintain a healthy lifestyle. Parental and Family Care Leave: U.S. employees have access to up to 16 weeks of job-protected parental leave, including 8 weeks of paid leave at 100% salary for both birth and non-birth parents. Birth parents also receive short-term disability coverage. Hologic's policy allows parents to return to work part-time at full pay during the first 4 weeks after leave. Family Care Leave offers 100% paid leave for caring for a family member with a serious health condition under FMLA. Healthcare-Related Acronyms and Terms: Some of the healthcare-related terms and acronyms used by Hologic include FMLA (Family and Medical Leave Act), NICU (Neonatal Intensive Care Unit), and short-term disability. Employee Well-Being Focus: Hologic's recent employee initiatives emphasize mental health support, wellness engagement, and flexible leave options, reflecting the company’s commitment to employee well-being

Additional Articles

Check Out Articles for Hologic employees

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

https://www.sec.gov/Archives/edgar/data/859737/000130817917000004/lholx2017_def14a.htm https://contracts.justia.com/companies/hologic-652/contract/588166/ https://www.hicapitalize.com/find-my-401k/hologic-inc/ https://www.investopedia.com/terms/h/health_care_sector.asp https://www.milliman.com/en/insight/2023-lump-sums-defined-benefit-plans-much-lower-as-interest-rates-rise https://www.foxrothschild.com/publications/interest-rate-hikes-present-challenge-for-fully-funded-pension-plans https://www.milliman.com/en/ https://investors.hologic.com/press-releases/press-release-details/2023/Hologic-Announces-Financial-Results-for-Fourth-Quarter-of-Fiscal-2023/default.aspx https://www.mondaq.com/unitedstates/employee-benefits-compensation/1272784/2023-brings-changes-to-the-laws-on-employee-benefit-plans https://www.claconnect.com/en/resources/articles/2023/new-federal-law-changes-retirement-rules-for-companies-and-employees https://www.aarp.org/retirement/planning-for-retirement/info-2023/biggest-changes-impacting-retirement-finances-in-2024.html https://mergr.com/company/hologic https://tracxn.com/d/acquisitions/acquisitions-by-hologic/__9zriJHaFq4c2cXJYeXgOTBbAmMF62NH1nVSJ1nVmpAY https://www.wbjournal.com/article/hologic-expects-layoffs-at-international-facilities-in-2024-totaling-up-to-8m-in-severance https://www.massdevice.com/hologic-cfo-mass-layoffs-are-a-failure-of-leadership/ https://www.labiotech.eu/in-depth/brace-yourself-for-a-wave-of-biotech-layoffs/ https://www.investopedia.com/ https://www.dol.gov/ https://www.emparion.com/cash-balance-pension-plan-faq/ https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/resource-center/fact-sheets/cash-balance-pension-plans