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

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Loews Employees: Discover the Key Questions to Ask for a Fulfilling Retirement Journey

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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

Eight years ago, in my mid-40s, I attended a dinner party where I witnessed an older man, slightly tipsy from his gin, pose a question to a young girl: “What do you want to be when you grow up?” Her response was a gleefully rattled off list: veterinarian, painter, computer programmer. I listened, intrigued, which soon turned into a near-panic realization. She had time to be all those things. However, no one was asking me what I wanted to be at a mature age. More critically, I wasn’t asking myself that question. At Loews, midlife is often not just a reflection but a redirection, sparking new career phases and personal growth.

Midlife is often seen as a 'crisis' time, marked by a U-shaped happiness curve with a dip in middle years. A significant reason for this is a tendency to fall into a vicious circle of complacency, where we lean heavily on our existing skills. We are reassured by our competence yet constrained by our perceived limitations, distributing our time accordingly. This inertia can pose health risks if it leads to prolonged burnout. Conversely, pondering 'What do I want to be?' can foster positive age perceptions and a strong will to live, something Loews professionals understand well, encouraging ongoing learning and adaptation.

This dinner party encounter propelled me into an unexpected six-year journey to become a competitive athlete, something I would never have envisioned. As a skinny, gangly child born a year before Title IX was amended, I always had an instinctive craving for what sports could offer me. Usually picked last for teams and warming the bench, I leaned into what I was praised for—stringing words together—and followed this feedback into a journalism career. I found myself tethered to my keyboard, leading a sedentary life of sitting and screen watching. Meanwhile, athletics took a backseat. Indeed, no one burst with joy when I fumbled on the seventh-grade basketball court, a reminder that we value resilience and the courage to try new roles, regardless of past experiences.

I was advised that by embracing something you enjoyed as a child and were naturally good at, it could become your superpower. Whether true or not, I’d be thrilled to gain an additional 7.5 years of life. This figure comes from Becca Levy, a Yale epidemiology professor who led a pioneering study linking age perception with mortality data. She concluded that individuals with a more positive view of aging lived an average of 7.5 years longer. Central to these positive perceptions was maintaining a 'will to live,' encompassing activities that excite and motivate us—much like the ongoing development opportunities at Loews, where employees are encouraged to engage in activities that fuel their passion and vitality.

After discussing with Levy and reviewing multiple studies from health, cognition, and longevity experts for my book 'Not Too Late: The Power of Pushing Limits at Any Age,' one conclusion was clear: avoiding the skill trap as we age is vital for preserving our sharpness and agility. Chronic exhaustion—like that which comes from tackling tough situations—has been linked to anxiety, depression, and an increased risk of making mistakes. By embracing new or uncomfortable experiences, we stop forcing our brain to operate on autopilot and make challenging choices. For example, always taking the same route, eating at the same restaurants, talking to the same people, or performing the same job in the same way. Routines have their place, but not when they put your life on autopilot, a philosophy well-aligned with Loews’s emphasis on innovation and dynamic career paths.

The Seattle Longitudinal Study, a significant research project running from 1956 to 2012, investigated cognitive development and change through adulthood. Over 6,000 adults, aged 22 to 100, participated, undergoing exercises to assess their cognitive skills. K. Warner Schaie, the lead author, wrote: 'When one stops making decisions, it won't be long before it's hard to make decisions at all. The belief that one can do no more becomes a self-fulfilling prophecy.' At Loews, we challenge this notion by fostering an environment where lifelong learning and decision-making are key components of our culture.

Still disoriented the morning after the dinner party, a simple Google search on 'the most challenging activities to do' led me to obstacle course racing (OCR), a demanding sport that combines running with obstacles such as carrying heavy sandbags and navigating ropes and monkey bars. An OCR variant will be featured in the 2028 Olympic Games as part of the modern pentathlon.

OCR was my answer to the old man’s question. Although I was certainly older, 'athlete' was still something I longed to be. Thus, for the past six years, I have trained nearly every day, despite my other responsibilities and professional obligations, to become what I always wished to be as a little girl but never imagined possible. As a competitive athlete, I've participated in over 50 races, won numerous medals in my age group, and competed in two world championships of the Spartan Race.

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When I was younger, there wasn't much to tell me that I could ever develop these skills. However, by tapping into the qualities, experience, and wisdom I now possess as an adult, I finally achieved this. Your ambition might differ, but you can also realize it. The path forward requires a reorganization of time and priorities. Three strategies to consider when embarking on your own quest to escape the skill prison:

  1. Do not impose entry barriers.
  2. Try something you truly enjoy, regardless of whether you think you are skilled at it.
  3. Be willing to appear foolish.

According to research, retirees who regularly ask themselves reflective questions about their life satisfaction tend to experience greater joy. A Harvard University study found that questions like 'What activities bring me joy?' and 'How can I continue to grow and learn?' are crucial for maintaining a fulfilling retirement. Regular self-assessment helps retirees align their activities with their values, enhancing overall well-being.

Explore how embracing new challenges can enhance your retirement years. This article examines how to push boundaries, avoid chronic monotony, and extend your life with expert advice and real-life examples. Keywords: retirement, active aging, mental well-being, overcoming ennui, longevity, new challenges, maintaining activity, positive age perceptions, health benefits, retirement activities.

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.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Loews offers a defined contribution plan (401(k)) to its employees, allowing them to save for retirement. Employees can contribute a percentage of their salary, with limits set by the IRS, which have increased from $20,500 in 2022 to $22,500 in 2023 and $23,000 in 2024. Employees aged 50 and above can make catch-up contributions, which are $6,500 in 2022 and $7,500 in 2023 and 2024​ (Pension Rights Center)​ (CliftonLarsonAllen). These plans are structured to encourage long-term savings, with Loews often matching employee contributions up to a certain percentage, enhancing retirement security​ (CliftonLarsonAllen). The company also provides a defined benefit pension plan for certain long-term employees. This pension plan has age and years of service requirements, typically requiring employees to be at least 65 years old with a set number of years of service to receive full benefits. The pension formula is generally based on final average pay and years of service​ (CliftonLarsonAllen)​ (My Lowe's Life). For both the pension and 401(k) plans, Loews has specific terminology and acronyms, such as "final average pay" for pension calculations and "vesting periods" for the 401(k) plan. These details help employees understand how their benefits are calculated and when they become eligible​
Loews Corporation has been navigating significant corporate restructuring, leading to workforce reductions across several of its subsidiaries, particularly in the insurance and energy sectors. Alongside these layoffs, Loews has implemented changes in employee benefit structures, with a stronger emphasis on enhanced 401(k) plans replacing traditional pension offerings. Employees who were previously enrolled in defined benefit pensions have seen modifications, including the cessation of new contributions to these pensions, in favor of shifting toward defined contribution plans, such as 401(k)s.
For Loews, stock options and Restricted Stock Units (RSUs) are a significant part of employee compensation, especially in fostering long-term engagement and retention. Loews typically offers time-based RSUs to a select group of employees, with vesting periods linked to tenure at the company. RSUs at Loews grant employees shares of company stock once they have met the vesting conditions, such as staying with the company for a specified number of years. In 2022, 2023, and 2024, Loews continued to issue stock options and RSUs as a key component of their long-term incentive plans (LTI). These incentives are available to employees based on their role within the company, particularly to senior management and executives. RSUs are vested over a set period, and employees must meet specific performance or tenure criteria to receive their shares. Once the shares vest, employees have the option to either hold or sell them, though this is subject to Loews’ trading policies. The RSU grants at Loews are taxed as ordinary income upon vesting, and the company withholds federal income tax at the time of vesting to meet IRS requirements. Additionally, employees who qualify for Loews' RSUs may also benefit from capital gains tax treatment on any price appreciation of the stock after the vesting period.
Health Plan Design & Cost: Loews has incorporated High Deductible Health Plans (HDHPs) into their offerings, which are becoming increasingly popular among employees due to their lower premium costs but higher deductibles. This is aligned with a broader industry trend, as HDHP enrollment has risen in 2023 despite significant increases in premiums​ (Stephens). Healthcare-Related Terms and Acronyms: Loews employees frequently encounter terms such as HDHP (High Deductible Health Plan), PPO (Preferred Provider Organization), and HSA (Health Savings Account). The HSA is particularly relevant for employees enrolled in HDHPs, offering tax advantages for medical expenses​ (Loews). Recent Employee Healthcare News: In recent years, Loews has been proactive in responding to healthcare inflation. In 2023, Loews adjusted its plan designs to mitigate rising costs, with a focus on prescription drug tiers and other cost-containment strategies. This reflects a broader trend among employers to manage healthcare spending through strategic plan modifications, particularly for small and midsize businesses
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For more information you can reach the plan administrator for Loews at , ; or by calling them at .

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