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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 Spirit Airlines Employees

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Healthcare Provider Update: Healthcare Provider for Spirit Airlines Spirit Airlines provides its employees with comprehensive healthcare benefits, including medical, dental, and vision coverage. While specific carriers are not publicly disclosed, the company offers a variety of plan options designed to meet different employee needs, often including high-deductible and traditional plans paired with Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). Spirit also provides wellness programs and resources to support employee health and preventive care. (spirit.com) Healthcare Cost Increases in 2026 Looking ahead to 2026, healthcare costs are expected to rise sharply, with some states seeing premium increases exceeding 60% due to the potential expiration of enhanced ACA subsidies and rising medical costs. For employers like Spirit Airlines, this may translate to higher premiums for both the company and employees. Employees could face larger out-of-pocket expenses, making it increasingly important to maximize in-network care, leverage HSAs, and plan healthcare usage strategically in 2025 to mitigate the impact of next years cost increases. 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 Spirit Airlines.

 

1. Mental Benefits

Working during your Spirit Airlines 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 Spirit Airlines 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 Spirit Airlines 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 Spirit Airlines.

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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 Spirit Airlines offer to its employees?

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

Does Spirit Airlines match employee contributions to the 401(k) plan?

Yes, Spirit Airlines provides a matching contribution to employee 401(k) plans, subject to certain limits.

What is the eligibility requirement to participate in the Spirit Airlines 401(k) plan?

Employees of Spirit Airlines are eligible to participate in the 401(k) plan after completing a specific period of service, typically within the first year of employment.

Can employees of Spirit Airlines choose how much to contribute to their 401(k) plan?

Yes, employees can choose to contribute a percentage of their salary to the Spirit Airlines 401(k) plan, within IRS limits.

What investment options are available in the Spirit Airlines 401(k) plan?

The Spirit Airlines 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds.

How often can Spirit Airlines employees change their 401(k) contribution amounts?

Employees of Spirit Airlines can change their contribution amounts at any time, subject to plan rules.

Is there a vesting schedule for the matching contributions made by Spirit Airlines?

Yes, Spirit Airlines has a vesting schedule for matching contributions, which means employees must work for a certain period before they fully own those funds.

Can Spirit Airlines employees take loans against their 401(k) savings?

Yes, the Spirit Airlines 401(k) plan allows employees to take loans against their savings, subject to specific terms and conditions.

What happens to the 401(k) plan if an employee leaves Spirit Airlines?

If an employee leaves Spirit Airlines, they can roll over their 401(k) savings into another retirement account or withdraw the funds, subject to penalties and taxes.

How can Spirit Airlines employees access information about their 401(k) accounts?

Employees can access their 401(k) account information through the Spirit Airlines benefits portal or by contacting the plan administrator.

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For more information you can reach the plan administrator for Spirit Airlines at , ; or by calling them at .

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