Healthcare Provider Update: Healthcare Provider for Bath & Body Works Bath & Body Works, a subsidiary of L Brands, typically offers its employees access to healthcare benefits through major providers like UnitedHealthcare, Aetna, and Anthem Blue Cross Blue Shield. These providers usually offer a range of plans, including medical, dental, and vision coverage to support employee health and wellness. Potential Healthcare Cost Increases in 2026 In 2026, Bath & Body Works employees may see a significant rise in healthcare costs due to anticipated premium hikes in the Affordable Care Act (ACA) marketplace. Preliminary reports indicate that some states could face increases exceeding 60%, largely due to the expiration of enhanced federal subsidies and rising medical costs. For many consumers, especially those on ACA plans, out-of-pocket premium payments may rise by more than 75%, challenging financial stability. As record profits flood the insurance industry, it highlights the growing tension between consumer affordability and corporate profit margins, prompting a careful reevaluation of healthcare options for employees moving forward. 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 Bath & Body Works.
1. Mental Benefits
Working during your Bath & Body Works 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 Bath & Body Works 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 Bath & Body Works 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 Bath & Body Works.
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- 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)
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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
5. BenefitsPRO, 2017