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

Discover the Top 5 Advantages of Continuing to Work in Retirement for Rush Enterprises Employees

Healthcare Provider Update: Healthcare Provider for Rush Enterprises Rush Enterprises offers its employees access to health insurance plans, primarily through major national insurers like UnitedHealthcare, Anthem, and others. Employees typically have options for both employer-sponsored health insurance and access to marketplace plans under the Affordable Care Act (ACA). Potential Healthcare Cost Increases in 2026 As we approach 2026, healthcare costs for Rush Enterprises employees are anticipated to rise significantly. With the expiration of enhanced federal premium subsidies and substantial rate increase requests from insurers-some exceeding 60%-employees may face a dramatic uptick in out-of-pocket expenses. Analysts warn that if current subsidy levels are not extended, nearly 92% of marketplace enrollees could see their premiums increase by over 75%. This situation compels employees to reevaluate their healthcare choices, making it crucial to understand upcoming premium changes and adjust their benefits accordingly to mitigate these anticipated costs. 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 Rush Enterprises.

1. Mental Benefits

Working during your Rush Enterprises 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 Rush Enterprises 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 Rush Enterprises 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 Rush Enterprises.

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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 Rush Enterprises offer to its employees?

Rush Enterprises offers a 401(k) retirement savings plan to its employees.

How can employees of Rush Enterprises enroll in the 401(k) plan?

Employees of Rush Enterprises can enroll in the 401(k) plan by completing the enrollment forms provided by the HR department or through the company's benefits portal.

Does Rush Enterprises match employee contributions to the 401(k) plan?

Yes, Rush Enterprises offers a matching contribution to employee 401(k) plan contributions, subject to certain limits.

What is the maximum contribution limit for employees participating in the Rush Enterprises 401(k) plan?

The maximum contribution limit for employees in the Rush Enterprises 401(k) plan is in accordance with IRS guidelines, which may change annually.

Can employees of Rush Enterprises take loans against their 401(k) savings?

Yes, Rush Enterprises allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.

What investment options are available in the Rush Enterprises 401(k) plan?

The Rush Enterprises 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.

How often can employees change their contribution amount in the Rush Enterprises 401(k) plan?

Employees can change their contribution amount in the Rush Enterprises 401(k) plan at any time, subject to plan rules.

Is there a vesting schedule for employer contributions in the Rush Enterprises 401(k) plan?

Yes, there is a vesting schedule for employer contributions in the Rush Enterprises 401(k) plan, which determines when employees fully own the contributions made by Rush Enterprises.

What happens to my 401(k) savings if I leave Rush Enterprises?

If you leave Rush Enterprises, you can roll over your 401(k) savings to another retirement account, cash out, or leave the funds in the Rush Enterprises plan, subject to plan rules.

Are there any fees associated with the Rush Enterprises 401(k) plan?

Yes, there may be administrative fees associated with the Rush Enterprises 401(k) plan, which are disclosed in the plan documents.