Healthcare Provider Update: Healthcare Provider for Burlington Stores Burlington Stores, Inc. provides healthcare coverage to its employees through a variety of plans, most notably through BlueCross BlueShield (BCBS). This offers employees access to a broad network of healthcare professionals and facilities. Potential Healthcare Cost Increases in 2026 As we look toward 2026, Burlington Stores and its employees may face significant increases in healthcare costs, driven primarily by record hikes in Affordable Care Act (ACA) premiums. States are reporting increases as high as 66% for certain ACA plans, with many individuals potentially seeing their out-of-pocket premiums rise by over 75% if enhanced federal subsidies are not extended. Factors contributing to these escalating costs include rising medical inflation, increased hospital and prescription drug expenses, and the anticipated expiration of enhanced subsidies. Consequently, employers may need to rethink their healthcare strategies, as shifting more costs to employees becomes a likely strategy in response to a challenging economic landscape. Click here to learn more
The path to retirement marks a profound transition in life, encompassing not only financial adjustments but significant psychological and physical changes as well. The early years of this phase can deeply influence the subsequent decades, making it crucial for Burlington Stores employees to approach retirement with a strategic and informed perspective.
Stephen Kreider Yoder and Karen Kreider Yoder provide a clear illustration of how to address the challenges that emerge as retirement nears. Stephen, a former editor at the Wall Street Journal, and his wife Karen have shared their proactive steps to maintain their health and vitality.
Initial Encounters and Preventive Measures
Stephen's experience with a persistent eye issue during his travels highlights a critical aspect of retirement: the inevitability of health issues. What started as a minor blur in his vision led to an emergency room visit in Minnesota, showcasing the unpredictable nature of health in retirement. This incident served as a reminder for Burlington Stores personnel of the importance of vigilance and early medical consultation, a commitment the couple embraced upon retiring.
The Importance of Regular Health Patterns
Aware of age-related risks like cataracts, macular degeneration, and glaucoma, Stephen and Karen decided to undertake regular health screenings. This includes the Medicare Wellness Visit, a preventive measure that helps create personalized plans to ward off illnesses. During these visits, assessments such as cognitive tests are performed, which Stephen passed, highlighting an essential element of health monitoring for Burlington Stores retirees.
Lifestyle Adjustments and Risk Management
They have also focused on adapting their lifestyle to reduce health risks. For example, Stephen stopped climbing stairs and both are more cautious about multitasking while walking. These adjustments are part of broader risk-reduction rules they have set to prevent falls and other accidents, particularly relevant as physical flexibility decreases with age at Burlington Stores.
Nutritional Considerations and Physical Activity
Karen takes a proactive approach to preserving her health, consulting healthcare professionals, including family members who are physicians. She has been advised to focus on prevention through diet, physical activity, and mental health practices. Following longevity experts like Peter Attia, she aims to maintain a diet rich in grains, white meats, and primarily plants, alongside regular physical activities like cycling and weight training, ensuring Burlington Stores employees maintain a healthy lifestyle.
Psychological Well-being and Social Engagement
The mental aspect of retirement is as crucial as the physical side. Loneliness and social isolation can lead to depression and other mental health issues in older adults. Karen and Stephen are aware of this, striving to remain socially active, which is essential for emotional and psychological well-being among Burlington Stores colleagues.
Financial Health as Part of Overall Health
While their monthly columns lack explicit financial details, the financial aspect of retirement is inherently connected to overall health. The eye condition that Stephen encountered resulted in a significant medical bill, for which they were partially responsible. This situation highlights the importance of financial planning and the potential for unexpected expenses associated with aging for Burlington Stores employees.
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In Conclusion
The Yoders' journey serves as a reflective example for many entering this life phase at Burlington Stores. They emphasize the importance of a holistic approach to retirement that includes health vigilance, preventive care, lifestyle adjustments, and maintaining social connections. As they navigate their later years, their experiences and insights offer valuable lessons on managing and possibly enhancing the chances of a healthy recovery.
Adopting a holistic perspective on retirement is not just about preserving health but also ensuring that life's later years are as fulfilling and enriching as possible. The proactive measures taken by the Yoders serve as a model for others, showing that while aging is inevitable, deterioration is not an absolute outcome if appropriate steps are taken.
A recent study by the American Heart Association (2021) underscores the importance of maintaining cardiovascular health in retirement. According to the study, individuals over 60 can significantly reduce their risk of cardiovascular diseases by engaging in moderate aerobic activities like brisk walking for at least 150 minutes per week. This routine not only improves heart health but also strengthens physical and mental well-being, essential components for a fulfilling retirement for Burlington Stores retirees. Incorporating regular cardiovascular activity is a proactive initiative to extend vitality and reduce health expenses in the coming years.
What type of retirement plan does Burlington Stores offer to its employees?
Burlington Stores offers a 401(k) retirement savings plan to its employees.
Does Burlington Stores match employee contributions to the 401(k) plan?
Yes, Burlington Stores provides a matching contribution to employee contributions made to the 401(k) plan, subject to certain limits.
What is the eligibility requirement for Burlington Stores' 401(k) plan?
Employees of Burlington Stores are eligible to participate in the 401(k) plan after completing a specified period of service, typically 30 days.
How can Burlington Stores employees enroll in the 401(k) plan?
Burlington Stores employees can enroll in the 401(k) plan through the company’s benefits portal or by contacting the HR department for assistance.
What investment options are available in the Burlington Stores 401(k) plan?
The Burlington Stores 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Can Burlington Stores employees change their contribution percentage to the 401(k) plan?
Yes, employees at Burlington Stores can change their contribution percentage at any time throughout the year.
Is there a vesting schedule for the employer match in Burlington Stores' 401(k) plan?
Yes, Burlington Stores has a vesting schedule for the employer match, which means employees must work for a certain period before they fully own the matched contributions.
What is the maximum contribution limit for Burlington Stores employees participating in the 401(k) plan?
The maximum contribution limit for Burlington Stores employees is determined by the IRS and may change annually; employees should check the current limit each year.
Does Burlington Stores offer a loan option against the 401(k) savings plan?
Yes, Burlington Stores allows employees to take loans against their 401(k) savings plan, subject to specific terms and conditions.
Can Burlington Stores employees withdraw funds from their 401(k) plan while still employed?
Generally, Burlington Stores employees cannot withdraw funds from their 401(k) plan while still employed, except under specific circumstances such as financial hardship.