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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 Analog Devices Employees

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Healthcare Provider Update: Healthcare Provider for Analog Devices Analog Devices partners with multiple healthcare providers to offer benefits to their employees, generally sourcing insurance from major national insurers such as UnitedHealthcare and Cigna. These providers are notable for their extensive reach and comprehensive coverage networks. Healthcare Cost Increases in 2026 In 2026, employees at Analog Devices may face significant healthcare cost increases due to the expected surge in health insurance premiums within the Affordable Care Act (ACA) marketplace, with rates anticipated to climb sharply-some insurers may ask for increases exceeding 60%. The combination of rising medical costs, the potential expiration of enhanced federal premium subsidies, and aggressive rate hikes by major insurers could lead many enrollees to experience out-of-pocket premium increases of over 75%. This challenging scenario underscores the importance for Analog Devices employees to evaluate their health coverage options early and make informed decisions as they navigate this volatile landscape. 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 Analog Devices.

 

1. Mental Benefits

Working during your Analog Devices 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 Analog Devices 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 Analog Devices 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 Analog Devices.

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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 is the 401(k) plan offered by Analog Devices?

The 401(k) plan at Analog Devices is a retirement savings plan that allows employees to save a portion of their salary on a tax-deferred basis.

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

Yes, Analog Devices offers a matching contribution to employee 401(k) accounts, helping to enhance retirement savings.

How can I enroll in the Analog Devices 401(k) plan?

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

What are the contribution limits for the Analog Devices 401(k) plan?

The contribution limits for the Analog Devices 401(k) plan are set according to IRS guidelines, which may change annually.

Can I change my contribution amount to the Analog Devices 401(k) plan?

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

What investment options are available in the Analog Devices 401(k) plan?

The Analog Devices 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

Is there a vesting schedule for the Analog Devices 401(k) matching contributions?

Yes, Analog Devices has a vesting schedule for matching contributions, which means employees must work for a certain period to fully own the matched funds.

Can I take a loan from my Analog Devices 401(k) plan?

Yes, employees may have the option to take a loan from their Analog Devices 401(k) plan, subject to specific terms and conditions.

What happens to my Analog Devices 401(k) plan if I leave the company?

If you leave Analog Devices, you have several options for your 401(k) plan, including rolling it over to another retirement account or leaving it with Analog Devices.

Does Analog Devices offer a Roth 401(k) option?

Yes, Analog Devices provides a Roth 401(k) option, allowing employees to make after-tax contributions for tax-free withdrawals in retirement.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Analog Devices has announced layoffs impacting 5% of its workforce. These layoffs have affected multiple locations including Wilmington and have led to significant dissatisfaction among employees.
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For more information you can reach the plan administrator for Analog Devices at One Analog Way Norwood, MA 2062; or by calling them at (781) 329-4700.

https://www.thelayoff.com/analog-devices https://www.thelayoff.com/t/1plD9Hv8 https://www.thelayoff.com/t/1qk8dP3G

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