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
The first few years of retirement are frequently a time of transitions for many, including those leaving Loews. It is a critical period that can influence the next few decades financially and emotionally. At the age of sixty-six, Wall Street Journal distinguished editor Stephen Kreider Yoder announced his retirement. His wife, sixty-seven-year-old Karen Kreider Yoder, followed suit. Their experiences, highlighted in the 'Retirement Rookies' column each month, demonstrate a departure from conventional retirement preparation. They emphasize crafting adaptable, meaningful experiences that serve as a foundation for future undertakings over following predetermined bucket lists.
This approach to retirement highlights a larger movement among individuals reimagining their post-employment years. By focusing on personal development and continual exploration, retirees can ensure a fuller, more satisfying experience. This narrative offers invaluable insights for Loews employees looking to maximize their life-changing retirement years.
Recent studies by the American Psychological Association (APA) underline the advantages of the Yoders' method of unstructured retirement planning. The research indicates that retirees adhering rigidly to their pre-planned bucket lists report lower levels of satisfaction and fulfillment compared to those who engage in activities based on their own interests and whims. This suggests that a flexible retirement lifestyle can lead to more fulfilling and significant experiences, an important consideration as employees transition from structured careers to the freedom of retirement.
In the Retirement Rookies column, Stephen and Karen Kreider Yoder share their journeys and offer a fresh perspective on retirement planning. Learn why they're passing on typical bucket lists in favor of flexible, meaningful experiences, and how this strategy might enhance your post-work years at Loews. Discover how embracing an unstructured retirement can lead to increased contentment and pleasure, setting the stage for a rewarding future.
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Forgoing a conventional retirement plan is akin to sailing a ship without a defined course. Retirees like the Yoders choose to navigate the waters of their golden years with the liberty to uncover new horizons as they appear, rather than charting every port of call. This method, much like a sailor discovering new adventures in uncharted waters, allows them to encounter unexpected joys and experiences, enriching each day with personal growth and satisfaction.
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.