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

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Centene Employees: Navigating the Rising Costs of College Tuition for Your Family

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Healthcare Provider Update: Healthcare Provider for Centene Corporation Centene Corporation's primary healthcare provider services are delivered through its various insurance products, particularly under the Ambetter and Celtic brands. Centene specializes in providing managed care and Medicaid services, ensuring access to a comprehensive range of healthcare services across numerous states in the U.S. Potential Healthcare Cost Increases in 2026 In 2026, healthcare costs are poised to witness significant increases, largely driven by sharp hikes in Affordable Care Act (ACA) premiums, which are projected to rise by an average of 20%. Several factors contribute to this escalation, including increasing medical costs, the potential expiration of enhanced federal premium subsidies, and aggressive rate adjustments by major insurers like Centene. As a result, many consumers could face out-of-pocket premium increases of over 75%, compounding the financial strain on families and individuals who rely on ACA marketplace plans. The convergence of these forces represents a considerable challenge for those navigating the health insurance landscape in 2026. Click here to learn more

It doesn’t take a degree in finance to see the cost of college continues to rise.

In its 2017 report, the College Board showed that public four-year institutions raised prices an average of 3.2% annually between the 2007-08 and 2017-18 school years. Put another way, a $5,000 education in 2007-08 would cost $6,851 in 2017-18.

For a few families, the lion’s share of education costs falls on parents and, in some cases, on grandparents. For our Centene clients who are parents you may already know, generally, the majority of families rely on a combination of scholarships, grants, financial aid, part-time jobs, and parent support to help pay the cost.

For Centene employees who have children approaching college age, a good first step is estimating the potential costs. The accompanying worksheet can help you get a better idea about the cost of a four-year college.

For Centene employees who already put money away for college, the worksheet will take that amount into consideration. For Centene employees who haven’t, it’s never too late to start.

Resources


There are a number of resources that can help individuals prepare for college. The U.S. government distributes certain information on colleges and costs. Here are two sites for these Centene employees to consider reviewing:

www.studentaid.ed.gov
The government’s college and financial aid portal.

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www.collegeboard.org
The group that administers the SAT test.

Estimating the Cost of College

Estimating the Cost of College

Estimating the Cost of College

What type of retirement plan does Centene offer to its employees?

Centene offers a 401(k) Savings Plan to help employees save for retirement.

Does Centene provide a matching contribution for its 401(k) plan?

Yes, Centene provides a matching contribution to encourage employees to save for retirement.

How can Centene employees enroll in the 401(k) Savings Plan?

Centene employees can enroll in the 401(k) Savings Plan through the employee benefits portal during open enrollment or after they become eligible.

What is the eligibility criteria for Centene’s 401(k) Savings Plan?

Employees at Centene are generally eligible to participate in the 401(k) Savings Plan after completing a specified period of employment.

Can Centene employees make changes to their 401(k) contributions?

Yes, Centene employees can change their contribution amounts at any time through the benefits portal.

What investment options are available in Centene's 401(k) Savings Plan?

Centene offers a variety of investment options including mutual funds, target-date funds, and other investment vehicles.

Is there a vesting schedule for Centene’s 401(k) matching contributions?

Yes, Centene has a vesting schedule for matching contributions, which means employees must work for a certain period to fully own those funds.

How often can Centene employees review their 401(k) account statements?

Centene employees can review their 401(k) account statements quarterly through the online benefits portal.

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

If you leave Centene, you can choose to roll over your 401(k) balance to another retirement account or withdraw the funds, subject to tax implications.

Does Centene offer financial education resources for its 401(k) plan participants?

Yes, Centene provides financial education resources and tools to help employees make informed decisions about their 401(k) savings.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Centene offers a 401(k) savings plan with company matching contributions. The plan includes a variety of investment options.
Centene announced a restructuring plan aimed at optimizing operations and reducing costs, which includes a significant number of layoffs. The company also plans to overhaul its benefit structure to focus on more cost-effective solutions. Additionally, there are adjustments being made to the pension and 401(k) plans to align with the new organizational strategy.
Centene provides RSUs to executives and certain employees. The RSUs vest over multiple years, encouraging long-term commitment and performance.
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For more information you can reach the plan administrator for Centene at 7700 Forsyth Blvd. Clayton, MO 63105; or by calling them at +1 314-725-4477.

*Please see disclaimer for more information

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