Healthcare Provider Update: Healthcare Provider for Loews Loews Corporation utilizes Aetna for its employee healthcare coverage. Aetna is known for providing a range of health insurance services, including employer-sponsored insurance, which aligns with Loews' needs for its workforce. Potential Healthcare Cost Increases in 2026 As we look ahead to 2026, healthcare costs are projected to escalate significantly, driven largely by the potential expiration of enhanced federal premium subsidies and rising medical expenses. Many states, particularly New York and Arkansas, are witnessing proposed premium hikes exceeding 60%, reflecting a broader average increase of 20% across the ACA Marketplace. This alarming trend forecasts that over 22 million marketplace enrollees could see their premiums spike by more than 75%, making it increasingly challenging for families to afford comprehensive healthcare coverage. Click here to learn more
'Loews employees should view rehiring opportunities not just as a return to familiar ground, but as a strategic career move to leverage experience and negotiate improved terms, especially in today's fluid labor market,' — Paul Bergeron, a representative of The Retirement Group, a division of Wealth Enhancement Group.
'Loews employees navigating rehiring offers should carefully assess their financial goals and career growth opportunities before returning, turning workforce shifts into a strategic advantage,' — Tyson Mavar, a representative of The Retirement Group, a division of Wealth Enhancement Group.
In this article, we will discuss:
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Evaluating whether to return to a former employer after a layoff.
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How companies like Loews are using technology to streamline rehiring.
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The strategic advantages for both employees and employers in the rehire process.
Many Loews employees, along with others in the energy sector, have experienced the flux of being laid off and then rehired, reflecting the unpredictable waves of the labor market. Notably, even industry giants like Loews have been part of this trend, recalling employees to navigate through the changing economic landscapes and operational needs.
The decision to return isn't merely about accepting a job offer; it involves a thorough assessment of one’s financial status and other available job prospects. Career adviser Debra Wheatman recommends that individuals evaluate their current financial health and job market opportunities to make a well-informed decision.
Gaining a bit of leverage is often a part of this process. As Wheatman points out, returning employees might have the opportunity to negotiate better terms than before, potentially leading to improved roles, higher compensation, or more stable job conditions at Loews.
However, individual stories reveal diverse experiences. For example, after a brief layoff from a marketing agency, Jessica Swenson chose to return as a contractor, finding that the flexibility better suited her career aspirations, emphasizing the growing importance of adaptability in professional settings.
Conversely, Kristie Jones, who dealt with an impersonal layoff process, opted not to return to her previous employer, moving instead into consultancy. This shift underscores a common path for many who seek independence after corporate disenchantments.
Loews is leveraging advanced technologies like artificial intelligence through platforms like Visier, which meticulously track employment records to streamline the rehiring process. This methodical approach aids in aligning qualified candidates with suitable positions efficiently, utilizing detailed data analysis [source needed].
Moreover, the corporate recognition of rehiring's advantages, such as reduced onboarding time and familiarity with company culture, is increasing. Reemployed individuals often adapt more quickly and cost-effectively, providing a quicker return on investment for the company.
The manner in which layoffs are executed is crucial, as it affects the likelihood of rehiring. Fostering a respectful layoff process helps preserve professional relationships and keeps a pool of potential candidates ready for when market conditions favor reemployment.
Matt Massucci, CEO of Hirewell, notes that the reasons behind a separation—be it performance issues, strategic shifts, or economic factors—greatly influence rehire possibilities. Both Loews and its workforce must navigate these complexities with a clear understanding of each other's perspectives.
Ultimately, the decision to return to Loews should come after thoughtful consideration of the pros and cons, influenced by the initial separation's circumstances. As the labor market evolves, such decisions are increasingly viewed as strategic career moves rather than mere opportunities.
The concept of 'unretirement' is becoming prevalent, especially among older workers nearing retirement age. A significant portion of retirees reenters the workforce, driven by the need for engagement or financial necessities. Companies, including Loews, appreciate the unique perspectives and reliability that seasoned professionals bring during turbulent economic periods.
Explore how to handle rehire proposals and draw on your experience when considering a return to Loews after a layoff. Learn from others who have navigated this path successfully and understand how your familiarity with the company can reduce onboarding challenges and facilitate a smoother reintegration.
Reflecting on the labor market's fluid nature, consider the analogy of ocean tides. Just as tides ebb and flow, Loews might reduce its workforce during downturns but also reengage skilled professionals when conditions improve. For those seasoned in navigating these shifts, it presents an opportunity to reassess and potentially return to a familiar environment, equipped with experience and strategic foresight.
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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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Source:
1. Weber, Lauren. 'The Company That Laid You Off Wants You Back. What Do You Say?' The Wall Street Journal , 24 Apr. 2025, www.wsj.com/articles/company-layoffs-rehiring-employees-2025 .
2. Cadmus, Jay. 'I Was Laid Off at 55 and Took 6 Months to Find a Job.' Business Insider , June 2024, www.businessinsider.com/laid-off-older-workers-rehire-job-hunt-2024-6 .
3. Schooley, Skye. 'Best Layoff Practices: Can You Lay Off and Hire at the Same Time?' Business News Daily , 23 Oct. 2023, www.businessnewsdaily.com/15785-layoff-rehire-best-practices.html .
4. Cook, Ian. 'Hiring After Layoffs: What Employers Need To Know.' Visier , 19 Sept. 2023, www.visier.com/blog/hiring-after-layoffs/ .
5. Fischman, Wendy. 'Rehiring Furloughed and Laid-Off Workers Post-Pandemic.' Potomac Law Group , 13 May 2020, www.potomaclaw.com/news-rehiring-furloughed-laid-off-workers .
What is the purpose of the 401(k) plan offered by Loews?
The 401(k) plan offered by Loews is designed to help employees save for retirement by allowing them to contribute a portion of their salary on a pre-tax basis.
How can I enroll in Loews' 401(k) plan?
Employees can enroll in Loews' 401(k) plan by accessing the benefits portal or contacting the HR department for assistance with the enrollment process.
Does Loews offer a company match for the 401(k) contributions?
Yes, Loews offers a company match for employee contributions to the 401(k) plan, which helps to enhance overall retirement savings.
What is the maximum contribution limit for Loews' 401(k) plan?
The maximum contribution limit for Loews' 401(k) plan is in accordance with IRS guidelines, which can change annually. Employees should check the latest limits for accuracy.
Can I change my contribution percentage to Loews' 401(k) plan at any time?
Yes, employees can change their contribution percentage to Loews' 401(k) plan at any time, typically through the benefits portal or by contacting HR.
What investment options are available in Loews' 401(k) plan?
Loews' 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.
When can I start withdrawing from my Loews 401(k) plan?
Employees can typically start withdrawing from their Loews 401(k) plan at age 59½, but specific rules and penalties may apply depending on the circumstances.
Are there any fees associated with Loews' 401(k) plan?
Yes, there may be fees associated with Loews' 401(k) plan, which can include administrative fees and investment management fees. Employees should review the plan documents for details.
How does Loews communicate changes to the 401(k) plan?
Loews communicates changes to the 401(k) plan through official company emails, newsletters, and updates on the benefits portal to ensure all employees are informed.
Can I take a loan against my 401(k) with Loews?
Yes, Loews allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan documents.