Discover the Top 5 Advantages of Continuing to Work in Retirement for Advance Auto Parts Employees

Healthcare Provider Update: Healthcare Provider for Advance Auto Parts: Advance Auto Parts offers healthcare benefits through a range of insurance carriers; specific providers may vary by location and plan. Generally, large employers like Advance Auto Parts collaborate with major insurers such as UnitedHealthcare, Anthem (Elevance Health), and others to provide health insurance options to their employees. It's advisable for employees to check specific plan details through their benefits resources for precise provider information. Potential Healthcare Cost Increases in 2026: As Advance Auto Parts prepares for 2026, employees could face significant increases in healthcare costs, driven by a dramatic rise in Affordable Care Act (ACA) premiums. Projections indicate that many states could see hikes exceeding 60%, primarily due to the expiration of enhanced federal premium subsidies and rising medical costs influenced by inflation. Notably, 51% of large employers, including Advance Auto Parts, may implement higher deductibles and out-of-pocket expenses to mitigate these costs, potentially shifting more financial burdens onto employees and complicating access to affordable coverage. Understanding these dynamics will be crucial for employees to effectively manage their healthcare expenses. Click here to learn more

In the past, retirement has been portrayed as an ending, a grand exit from your years in the workplace. But the rules are shifting. Labor force participation among those aged 65-74 is predicted to reach 32 percent by 2022, up from just 20 percent in 2002.(1) As the Boomer generation ages, more people are viewing retirement as an opportunity to enjoy the rewards of work in a whole new way. Read on to discover some of the benefits you can enjoy after you retire from Advance Auto Parts.

 

1. Mental Benefits

Working during your Advance Auto Parts retirement can help maintain mental agility as you learn new skills. Staying engaged in work helps build 'mental muscle,' which can lessen the risk of developing dementia and Alzheimers(2) and ward off the signs of aging.

 

2.. Physical Benefits

Staying active during your Advance Auto Parts retirement years is crucial for continued health. Whether you choose to work full-time or volunteer a few days a week, engaging in some form of work will keep your body moving, and give you opportunities to stay balanced, strong, and healthy.

3. Financial Benefits

Besides the obvious extra income, working during your Advance Auto Parts retirement may allow you to delay taking Social Security benefits. For every year you wait to take Social Security, your benefits can increase by an average of 8 percent annually.(3) Finding a strategy that works for you can truly pay off.

4. Emotional Benefits

Studies have shown that a sense of purpose has been found to lengthen lifespan and quality of life.4 Working on something you care about, starting a new business, or mentoring others in the workplace can ward off depression and provide a healthy sense of fulfillment and direction in your years or retirement from Advance Auto Parts.

Articles you may find interesting:

5. Social Benefits

One of the risks associated with retirement is increased isolation, which in terms of its impact on your health, has been equated with smoking nearly a pack of cigarettes a day.5 Working with others reduces this risk, giving you a chance to build connections and enjoy meaningful interactions.

Sources

1. AARP.org, February/March 2015