<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

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

Learn More

Elevance Health Employees: Discover the Rising Trend of 'Work for Pleasure' in Your Retirement Journey

image-table

A recent Fidelity Investments poll illuminates new trends in the ever-changing retirement planning landscape.  Notably, 66% of respondents envision a phased-in approach to retirement, which deviates from the conventional full-stop strategy.  This choice shows a shift towards flexible retirement solutions across generations, as evidenced by the significant interest shown by both Gen Zers and millennials.

The wide-ranging implications of this trend point to the necessity of flexibility in retirement advice and planning when preparing to retire from Elevance Health. The departure from traditional retirement models highlights a more comprehensive reassessment of retirement goals and work-life balance, reflecting shifting perspectives toward the end of your Elevance Health career. Advisors who want to fulfill their Elevance Health clients' complex needs must have a thorough understanding of these preferences as retirement planning continues to change.


A growing number of retirees who desire social connection and intellectual stimulation in addition to financial security are adopting the idea of 'Work for Pleasure' in phased retirement, a viable option for Elevance Health employees.  According to an American Psychological Association study, continuing to work after retirement can enhance mental well-being, increase life satisfaction, and facilitate the transition to complete retirement. Retirement is now seen as a new chapter with opportunity for learning, growth, and contribution rather than as an end. This is especially true for seasoned professionals from high-ranking roles. 

Featured Video

Articles you may find interesting:

Loading...


Retirement is becoming less and less like the unexpected curtain call at the end of a play and more like a well planned art display. Similar to how an exhibition progressively moves from one theme and era to another, providing visitors with an extensive array of experiences, the modern retirement trip, as defined by Fidelity Investments, takes place in stages. With this method, people can combine the elegant brushstrokes of their personal passions and hobbies with their professional creations. Today's retirees and soon-to-be retirees find joy and fulfillment in doing work that pleases them, much like an artist who paints for the love of art even after their formal career has concluded. This is creating a retirement experience that is as nuanced and fulfilling as a well-curated gallery.

What type of retirement savings plan does Elevance Health offer to its employees?

Elevance Health offers a 401(k) savings plan to help employees save for retirement.

Does Elevance Health match employee contributions to the 401(k) plan?

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

How can employees enroll in the Elevance Health 401(k) savings plan?

Employees can enroll in the Elevance Health 401(k) savings plan through the company’s benefits portal during the enrollment period.

What types of investment options are available in the Elevance Health 401(k) plan?

The Elevance Health 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.

Is there a vesting schedule for the Elevance Health 401(k) matching contributions?

Yes, Elevance Health has a vesting schedule for matching contributions, which means employees must work for the company for a certain period to fully own those contributions.

Can employees take loans against their Elevance Health 401(k) savings plan?

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

What is the maximum contribution limit for the Elevance Health 401(k) plan?

The maximum contribution limit for the Elevance Health 401(k) plan is determined by IRS guidelines, which can change annually.

Does Elevance Health offer financial education resources for employees regarding the 401(k) plan?

Yes, Elevance Health provides financial education resources and tools to help employees make informed decisions about their 401(k) savings.

When can employees start withdrawing from their Elevance Health 401(k) savings plan?

Employees can generally start withdrawing from their Elevance Health 401(k) savings plan at age 59½, although there are specific rules regarding withdrawals.

Are there penalties for early withdrawal from the Elevance Health 401(k) plan?

Yes, early withdrawals from the Elevance Health 401(k) plan may incur penalties and taxes, according to IRS regulations.

New call-to-action

Additional Articles

Check Out Articles for Elevance Health employees

Loading...

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

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for Elevance Health employees