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

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Discover the Top 5 Advantages of Continuing to Work in Retirement for Agilent Technologies Employees

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Healthcare Provider Update: Healthcare Provider for Agilent Technologies Agilent Technologies typically partners with major health insurance providers to facilitate healthcare services for its employees. As of now, specific details about Agilent Technologies' current provider are not clearly documented in public records. However, Agilent has been known to utilize a mix of regional providers and larger national insurance companies, providing employees with access to comprehensive healthcare plans. Healthcare Cost Increases in 2026 As we look ahead to 2026, substantial healthcare cost increases are projected, with some marketplaces experiencing hikes of over 60%. This rise is fueled by a convergence of factors, including escalating medical expenses and the possible expiration of enhanced federal subsidies associated with the Affordable Care Act (ACA). Experts warn that, without congressional intervention, the majority of marketplace enrollees could face exorbitant out-of-pocket costs, with some premiums surging by 75%. The landscape indicates a significant challenge for Agilent Technologies and its employees, as rising healthcare costs threaten to place an additional financial burden on both employers and workers. 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 Agilent Technologies.

 

1. Mental Benefits

Working during your Agilent Technologies 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 Agilent Technologies 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 Agilent Technologies 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 Agilent Technologies.

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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

2. Forbes, 2017

3. Social Security Administration, 2017

4. Association for Psychological Science, 2017

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

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

Does Agilent Technologies provide a company match for its 401(k) contributions?

Yes, Agilent Technologies provides a company match for employee contributions to the 401(k) plan, which helps enhance retirement savings.

What is the eligibility requirement for Agilent Technologies' 401(k) plan?

Employees of Agilent Technologies are typically eligible to participate in the 401(k) plan after completing a certain period of service, usually within the first year of employment.

How can employees of Agilent Technologies enroll in the 401(k) plan?

Employees of Agilent Technologies can enroll in the 401(k) plan through the company’s benefits portal or by contacting the human resources department for assistance.

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

Agilent Technologies offers a variety of investment options in its 401(k) plan, including mutual funds, target-date funds, and other investment vehicles tailored to different risk levels.

Can employees of Agilent Technologies change their contribution percentage to the 401(k) plan?

Yes, employees of Agilent Technologies can change their contribution percentage at any time, typically through the benefits portal or by contacting HR.

What is the maximum contribution limit for Agilent Technologies' 401(k) plan?

The maximum contribution limit for Agilent Technologies' 401(k) plan follows the IRS guidelines, which are updated annually. Employees should refer to the latest IRS limits for specifics.

Does Agilent Technologies allow for catch-up contributions in its 401(k) plan?

Yes, Agilent Technologies allows eligible employees who are 50 years or older to make catch-up contributions to their 401(k) plan, in accordance with IRS regulations.

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

If an employee leaves Agilent Technologies, they have several options regarding their 401(k) plan, including rolling it over to another retirement account, cashing it out, or leaving it with Agilent Technologies.

Are loans available from Agilent Technologies' 401(k) plan?

Yes, Agilent Technologies may allow employees to take loans from their 401(k) accounts, subject to certain conditions and limits outlined in the plan documents.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
This news is crucial for employees and investors as it reflects Agilent's response to ongoing market challenges and macroeconomic conditions. The restructuring aims to reduce costs by $80 million annually, affecting all business segments. Understanding these changes is essential in the context of the current economic environment and the company's future growth strategies https://www.medtechdive.com/news/agilent-layoffs-400-workers-site-closures/703299/ https://www.labpulse.com/business-insights/trends-and-finance/article/15660806/agilent-technologies-to-cut-jobs-close-facilities-in-restructuring-plan
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For more information you can reach the plan administrator for Agilent Technologies at 5301 Stevens Creek Boulevard Santa Clara, CA 95051; or by calling them at (408) 345-8886.

*Please see disclaimer for more information

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