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Navigating Your Retirement Health Journey: Essential Insights for Workday Employees

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Healthcare Provider Update: Healthcare Provider for Workday: Workday, the leading provider of enterprise cloud applications for finance and human resources, typically partners with large health insurance carriers such as UnitedHealthcare, Anthem (Elevance Health), and Aetna to deliver healthcare benefits to its employees. These partnerships ensure that employees have access to comprehensive healthcare plans that cater to a diverse workforce. Potential Healthcare Cost Increases in 2026: As we move into 2026, employees at Workday may face significant hikes in their healthcare costs. With projections indicating premium increases exceeding 60% in some states and a potential average rise of 18% nationally, many employers, including Workday, are likely to adjust their benefits structure. This shift could result in higher deductibles and out-of-pocket expenses for employees, particularly if enhanced federal subsidies expire. Workers are encouraged to stay informed about benefit changes and strategize their healthcare spending to mitigate these impending cost increases. 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 Workday 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 Workday 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 Workday 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 Workday.

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 Workday 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 Workday 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 Workday employees.

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In Conclusion

The Yoders' journey serves as a reflective example for many entering this life phase at Workday. 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 Workday 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 Workday?

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

How can I enroll in the Workday 401(k) plan?

Employees can enroll in the Workday 401(k) plan by accessing the benefits portal during the enrollment period or when they first become eligible.

Does Workday offer a matching contribution for the 401(k) plan?

Yes, Workday offers a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.

What is the vesting schedule for Workday's 401(k) matching contributions?

The vesting schedule for Workday's 401(k) matching contributions typically follows a standard schedule, which can be found in the employee handbook or benefits portal.

Can I change my contribution percentage to the Workday 401(k) plan at any time?

Yes, employees can change their contribution percentage to the Workday 401(k) plan at any time through the benefits portal.

What investment options are available in the Workday 401(k) plan?

The Workday 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

Is there a loan option available through the Workday 401(k) plan?

Yes, Workday allows employees to take loans against their 401(k) savings under certain conditions.

How can I access my 401(k) account information at Workday?

Employees can access their 401(k) account information through the Workday benefits portal or by contacting the plan administrator.

What happens to my Workday 401(k) if I leave the company?

If you leave Workday, you have several options for your 401(k), including rolling it over to another retirement account or cashing it out, subject to taxes and penalties.

Are there any fees associated with the Workday 401(k) plan?

Yes, there may be fees associated with the Workday 401(k) plan, which are disclosed in the plan documents available to employees.

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For more information you can reach the plan administrator for Workday at 6110 Stoneridge Mall Rd. Pleasanton, CA 94588; or by calling them at 925-951-9000.

*Please see disclaimer for more information

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