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Healthcare Provider Update: Healthcare Provider for Alaska Air Group Alaska Air Group employees primarily receive their health insurance coverage through Premera Blue Cross Blue Shield of Alaska. Premera is the largest insurer in the state and offers various health plan options primarily through the individual marketplace. Potential Healthcare Cost Increases in 2026 As 2026 approaches, Alaska Air Group employees may experience significant increases in healthcare costs, driven by a confluence of factors. Without the continuation of enhanced federal premium subsidies, many individuals could face out-of-pocket premium rises of over 75%. The pressure on employers to shift more health expenses to employees is evident, with a recent survey indicating that 51% of large employers are likely to raise deductibles or out-of-pocket maximums. Coupled with broader trends of medical cost inflation and substantial rate increases requested by insurers, employees of Alaska Air Group should brace for potentially heightened financial burdens in their healthcare coverage. 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 Alaska Air Group.
1. Mental Benefits
Working during your Alaska Air Group 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 Alaska Air Group 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 Alaska Air Group 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 Alaska Air Group.
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- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
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 Alaska Air Group offer to its employees?
Alaska Air Group offers a 401(k) retirement savings plan to help employees save for their future.
Does Alaska Air Group match employee contributions to the 401(k) plan?
Yes, Alaska Air Group provides a matching contribution to employee 401(k) accounts, subject to certain limits.
What is the eligibility requirement for Alaska Air Group employees to participate in the 401(k) plan?
Employees of Alaska Air Group are generally eligible to participate in the 401(k) plan after completing a specific period of service, typically within their first year of employment.
Can Alaska Air Group employees choose how much to contribute to their 401(k) plan?
Yes, employees at Alaska Air Group can choose to contribute a percentage of their salary to their 401(k) plan, within the IRS contribution limits.
Are there investment options available for Alaska Air Group employees within the 401(k) plan?
Yes, Alaska Air Group offers a variety of investment options within the 401(k) plan, including mutual funds and other investment vehicles.
How often can Alaska Air Group employees change their 401(k) contribution amounts?
Employees at Alaska Air Group can change their contribution amounts during designated enrollment periods or at specific times throughout the year.
Does Alaska Air Group allow employees to take loans against their 401(k) savings?
Yes, Alaska Air Group allows employees to take loans against their 401(k) savings, subject to the plan’s terms and conditions.
What happens to an Alaska Air Group employee's 401(k) account if they leave the company?
If an Alaska Air Group employee leaves the company, they can choose to roll over their 401(k) balance to another retirement account or cash out, subject to taxes and penalties.
Is there a vesting schedule for the employer match in the Alaska Air Group 401(k) plan?
Yes, Alaska Air Group has a vesting schedule for the employer match, meaning employees must work for a certain period before they fully own the matched funds.
Can Alaska Air Group employees access their 401(k) savings before retirement?
Yes, employees at Alaska Air Group may access their 401(k) savings before retirement under certain circumstances, such as financial hardship or qualifying events.
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5. BenefitsPRO, 2017