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

8 smart habits Calumet Specialty Products Partners employees can adopt to help boost credit scores

Healthcare Provider Update: Healthcare Provider for Calumet Specialty Products Partners Calumet Specialty Products Partners typically offers health insurance through major national providers including UnitedHealthcare and Anthem Blue Cross Blue Shield. They provide a range of health plans designed to meet the needs of their employees, including options that align with the Affordable Care Act (ACA) guidelines. Brief Overview of Potential Healthcare Cost Increases in 2026 As Calumet Specialty Products Partners faces potential healthcare cost increases in 2026, employees may encounter significant challenges stemming from the anticipated hikes in ACA premiums. With projections indicating national average increases of around 18%-and in some states, jumps exceeding 60%-the convergence of expiring federal subsidies and rising medical costs could lead to out-of-pocket premium costs escalating by as much as 75% for many. Key factors driving these increases include ongoing inflation in medical services, high-cost specialty drugs, and the broader impacts of regulatory changes that are set to reshape the healthcare landscape. As a result, proactive financial planning will be essential for those wishing to mitigate the impact of these rising costs. Click here to learn more

'Strong credit habits can give Calumet Specialty Products Partners employees greater flexibility when preparing for major financial decisions, especially as they transition toward retirement,' says Michael Corgiat, a representative of The Retirement Group, a division of Wealth Enhancement.

'Calumet Specialty Products Partners employees who build and maintain strong credit habits may position themselves for smoother financial decisions in the years leading up to retirement,' says Brent Wolf, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article, we will discuss:

How strong credit can support borrowing for major purchases.
Eight habits that may positively influence your credit score.
Ways to monitor and maintain the accuracy of your credit report.

When borrowing for a major purchase, strong credit can make the process smoother and possibly less expensive. Like preparing for a long-term project at Calumet Specialty Products Partners, progress comes from consistent effort over time—not rushing right before the deadline.

Here are eight habits that can support your credit score.

1. Make timely bill payments

Payment history is a major factor in credit scoring. Staying on top of due dates for loans and credit cards demonstrates reliability. Options like scheduled reminders or autopay can help keep everything flowing.

2. Maintain minimal credit balances

Using only a portion of your available credit—especially on revolving accounts like credit cards—can contribute to a stronger score. Credit utilization (how much of your borrowing limit you’re using) is a key consideration for lenders.

3. Keep older accounts open when it makes sense

The length of your credit history influences how strong your borrowing profile appears. Older accounts highlight more long-term behavior. However, if an account has high fees or encourages overspending, closing it may still be practical for some Calumet Specialty Products Partners households.

4. Limit unnecessary new credit applications

Applying for credit can trigger hard inquiries that temporarily place slight downward pressure on your credit score. Multiple inquiries for the same type of loan—like mortgage rate shopping—typically count as one within a defined window. Checking your own credit does not affect your score.

5. Maintain a healthy mix of credit types

Responsibly managing a blend of installment loans and revolving accounts can demonstrate financial flexibility. This doesn’t mean taking on debt that isn’t needed. However, thoughtfully managing different forms of credit over time may help strengthen your profile as life evolves during and after a Calumet Specialty Products Partners career.

6. Monitor your credit report regularly

You are entitled to free credit reports from the major bureaus—Equifax®, Experian®, and TransUnion®. Reviewing them can help identify errors, lingering balances, or signs of fraud. Staying proactive keeps your credit information accurate and up-to-date.

7. Dispute any reporting mistakes

If you find incorrect data on your report, you can file a dispute with the reporting bureau and contact the creditor at issue. Fixing errors can help make sure your score reflects your actual history.

8. Strengthen your overall financial picture

Budgeting, keeping debt manageable, and maintaining an emergency fund may make it easier to keep up with credit-related commitments. When finances stay organized, positive credit habits typically follow.

Need help planning for retirement?

A well-managed credit profile can be an important part of your overall financial life, including the transition into retirement. The Retirement Group can assist you as you prepare for your future. If you would like guidance, call (800) 900-5867 to speak with our team.

Need help planning for retirement?

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Sources:

1. Consumer Financial Protection Bureau. “How Do I Dispute an Error on My Credit Report?” CFPB , 18 Dec. 2024, www.consumerfinance.gov/ask-cfpb/how-do-i-dispute-an-error-on-my-credit-report-en-314/ . Accessed 27 Oct. 2025.

2. Experian Editorial Team. “Do Multiple Loan Inquiries Affect Your Credit Score?” Experian , 30 Aug. 2024, www.experian.com/blogs/ask-experian/do-multiple-loan-inquiries-affect-your-credit-score/ . Accessed 27 Oct. 2025.

3. FICO. “What’s in My FICO® Scores?” myFICO , n.d., www.myfico.com/credit-education/whats-in-your-credit-score . Accessed 27 Oct. 2025.

4. Federal Deposit Insurance Corporation. “Credit Reports.” FDIC , 1 Aug. 2023, www.fdic.gov/consumer-resource-center/credit-reports . Accessed 27 Oct. 2025.

5. Federal Trade Commission. “Free Credit Reports.” FTC Consumer Advice , 2023–2024, consumer.ftc.gov/free-credit-reports. Accessed 27 Oct. 2025.

What type of retirement savings plan does Calumet Specialty Products Partners offer to its employees?

Calumet Specialty Products Partners offers a 401(k) retirement savings plan to its employees.

How can employees of Calumet Specialty Products Partners enroll in the 401(k) plan?

Employees can enroll in the Calumet Specialty Products Partners 401(k) plan by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.

Does Calumet Specialty Products Partners match employee contributions to the 401(k) plan?

Yes, Calumet Specialty Products Partners provides a matching contribution to employee 401(k) contributions, subject to certain limits and conditions.

What is the maximum contribution limit for the 401(k) plan at Calumet Specialty Products Partners?

The maximum contribution limit for the Calumet Specialty Products Partners 401(k) plan is in accordance with IRS guidelines, which may change annually.

Can employees of Calumet Specialty Products Partners take loans against their 401(k) savings?

Yes, employees of Calumet Specialty Products Partners may have the option to take loans against their 401(k) savings, subject to the plan's terms and conditions.

What investment options are available in the Calumet Specialty Products Partners 401(k) plan?

The Calumet Specialty Products Partners 401(k) plan typically offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.

How often can employees change their contribution amounts to the 401(k) plan at Calumet Specialty Products Partners?

Employees at Calumet Specialty Products Partners can typically change their contribution amounts at any time, but specific guidelines should be confirmed with the HR department.

Is there a vesting schedule for employer contributions in the Calumet Specialty Products Partners 401(k) plan?

Yes, Calumet Specialty Products Partners has a vesting schedule for employer contributions, which determines how much of the employer match employees are entitled to upon leaving the company.

What happens to my 401(k) savings if I leave Calumet Specialty Products Partners?

If you leave Calumet Specialty Products Partners, you can choose to roll over your 401(k) savings to another retirement account, withdraw the funds, or leave the savings in the Calumet plan if permitted.

Are there any fees associated with the 401(k) plan at Calumet Specialty Products Partners?

Yes, there may be administrative fees associated with the 401(k) plan at Calumet Specialty Products Partners, which are disclosed in the plan documents provided to employees.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Calumet Specialty Products Partners announced a restructuring plan to cut costs, including workforce reductions and changes to employee benefits.

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For more information you can reach the plan administrator for Calumet Specialty Products Partners at 2780 Waterfront Pkwy. E. Dr. Indianapolis, IN 46214; or by calling them at +1 317-328-5660.