<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

Navigating Your Retirement Health Journey: Essential Insights for Elanco Animal Health Employees

image-table

Healthcare Provider Update: Offers medical, dental, vision, disability, and pet insurance 8. ACA marketplace comparisons are encouraged for employees planning retirement or coverage changes. 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 Elanco Animal Health 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 Elanco Animal Health 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 Elanco Animal Health 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 Elanco Animal Health.

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 Elanco Animal Health 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 Elanco Animal Health 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 Elanco Animal Health employees.

Featured Video

Articles you may find interesting:

Loading...

In Conclusion

The Yoders' journey serves as a reflective example for many entering this life phase at Elanco Animal Health. 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 Elanco Animal Health retirees. Incorporating regular cardiovascular activity is a proactive initiative to extend vitality and reduce health expenses in the coming years.

What is the 401(k) plan offered by Elanco Animal Health?

The 401(k) plan at Elanco Animal Health is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

Does Elanco Animal Health offer matching contributions to the 401(k) plan?

Yes, Elanco Animal Health offers matching contributions to the 401(k) plan, which helps employees maximize their retirement savings.

How can employees enroll in the 401(k) plan at Elanco Animal Health?

Employees can enroll in the 401(k) plan at Elanco Animal Health through the company’s benefits portal during the enrollment period or after a qualifying event.

What are the eligibility requirements for the 401(k) plan at Elanco Animal Health?

To be eligible for the 401(k) plan at Elanco Animal Health, employees typically need to meet certain criteria, such as age and length of service.

Can employees take loans against their 401(k) at Elanco Animal Health?

Yes, Elanco Animal Health allows employees to take loans against their 401(k) balance under certain conditions.

What investment options are available in the Elanco Animal Health 401(k) plan?

The 401(k) plan at Elanco Animal Health offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to customize their investment strategy.

How often can employees change their contribution percentage to the Elanco Animal Health 401(k) plan?

Employees at Elanco Animal Health can change their contribution percentage to the 401(k) plan at any time, subject to company policies.

Is there a vesting schedule for the matching contributions at Elanco Animal Health?

Yes, Elanco Animal Health has a vesting schedule for matching contributions, which means employees must work for the company for a certain period before they fully own the matching funds.

What happens to an employee's 401(k) account if they leave Elanco Animal Health?

If an employee leaves Elanco Animal Health, they can choose to roll over their 401(k) balance to another retirement account, cash out, or leave it in the Elanco plan if eligible.

Are there any fees associated with the Elanco Animal Health 401(k) plan?

Yes, there may be administrative fees associated with the Elanco Animal Health 401(k) plan, which are disclosed 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.
Pension Plan: Elanco's pension plan is structured as a defined benefit plan, meaning that employees receive a guaranteed payout upon retirement. The exact benefits are calculated based on years of service, age at retirement, and the average of the highest earnings during a specific period. Employees need to meet certain years of service and age qualifications to be eligible for this pension plan. The plan is aimed at long-term employees, ensuring that those who dedicate a significant portion of their career to Elanco are rewarded with secure retirement income. 401(k) Plan: Elanco offers a 401(k) plan to its employees, which is part of their broader retirement savings offerings. The plan allows employees to contribute a portion of their salary on a pre-tax basis, which Elanco matches up to a certain percentage, though the exact match percentage may vary each year. The plan is designed to provide flexibility and financial security, enabling employees to manage their retirement savings effectively. The company’s 401(k) plan is part of their commitment to employee well-being, emphasizing financial benefits as a key component of their compensation package.
Restructuring and Layoffs: In August 2023, Elanco Animal Health announced a restructuring plan aimed at improving operational efficiency. The company planned to lay off approximately 200 employees globally as part of this restructuring. This move is part of a broader effort to streamline operations and focus on core business areas. It's crucial to stay updated on this news due to the current economic environment, which impacts job security and corporate strategies. Understanding these changes helps employees and investors navigate the shifting landscape effectively.
Elanco Animal Health offers stock options and RSUs to its employees as part of its compensation and incentive programs. In 2022, the company provided stock options and RSUs to its senior executives and key employees. For 2023 and 2024, Elanco Animal Health has continued this practice, with a focus on aligning incentives with the company's performance.
Review Elanco Animal Health's official website for their health benefits information, including any recent updates or changes for 2022, 2023, or 2024. Reliable Sources: Look for specific terms and acronyms used by Elanco in their health benefits information, such as types of health plans, coverage details, and any new initiatives.
New call-to-action

Additional Articles

Check Out Articles for Elanco Animal Health employees

Loading...

For more information you can reach the plan administrator for Elanco Animal Health at 2500 Innovation Way Greenfield, IN 46140; or by calling them at (877) 352-6261.

https://www.thelayoff.com/ https://benefitslink.com/ https://www.federalregister.gov/ https://www.benefitspro.com/?slreturn=2024081195633 https://www.businessinsider.com/ https://www.elanco.com/en-us https://www.sec.gov/ https://pensionrights.org/ https://www.fidelity.com/ https://www.microsoft.com/en-us/benefits

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for Elanco Animal Health employees