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

Healthcare Provider Update: Healthcare Provider for Teleflex: Teleflex Inc. primarily operates as a healthcare technology company, providing medical devices that support improved patient outcomes. While Teleflex does not have its own healthcare provider services, it partners with various healthcare systems to supply its products, such as Arrow and others, to hospitals and providers across the globe. Potential Healthcare Cost Increases in 2026: As Teleflex prepares for 2026, employees should brace for significant healthcare cost increases. With the expiration of enhanced federal subsidies under the Affordable Care Act, many could see their premiums rise dramatically-some states predicting hikes over 60%. Coupled with consistently escalating medical costs, driven by factors like higher drug prices and labor shortages, Teleflex employees may have to absorb a greater share of these expenses, particularly as companies increasingly lean toward shifting costs onto workers. Strategic adjustments in benefits and plan selections will be crucial in navigating the financial landscape of healthcare in the coming year. 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 Teleflex 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 Teleflex 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 Teleflex employees who already put money away for college, the worksheet will take that amount into consideration. For Teleflex 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 Teleflex employees to consider reviewing:

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

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Articles you may find interesting:

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

Estimating the Cost of College