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Healthcare Provider Update: Healthcare Provider for Charter Communications Charter Communications offers employees health insurance through various plans, primarily provided by UnitedHealthcare. These plans include a range of options to cater to different healthcare needs, ensuring that employees have access to comprehensive medical care. Potential Healthcare Cost Increases in 2026 As we approach 2026, substantial increases in healthcare costs are anticipated, particularly impacting employees at Charter Communications. With healthcare insurance premiums under the Affordable Care Act (ACA) expected to rise significantly, many states could see hikes exceeding 60%. The expiration of enhanced federal premium subsidies, coupled with rising medical expenses, may compel approximately 92% of ACA marketplace enrollees to confront out-of-pocket premium increases of over 75%. This scenario underscores the need for strategic planning to navigate anticipated financial pressures effectively. Click here to learn more
Most Charter Communications employees have already heard of the Free Application for Federal Student Aid, or FAFSA, if they or someone they know has plans to attend a college, career school, or university. Last year, around 70% of families submitted a FAFSA to the Department of Education to secure financial assistance. But what many prospective and current students may overlook are the various federal grants awarded to students in need each year.
Granted value
Most federal grants, unlike loans, function as sources of funding. There are some exceptions, though. For example, if a student is awarded a grant, but withdraws from the program in which they’re enrolled, they may be required to pay back all or a portion of that grant.
Know your grants
The Department of Education offers multiple aid packages as part of the Federal Student Grant Program and all Charter Communications employees should be aware of them. The following four are granted most often, and each has different requirements for eligibility. The information below applies to the 2023-2024 academic year:
- Federal Pell Grants - With a maximum award of $6,895, Pell Grants are reserved for undergraduate students who have exceptional financial need and have not earned a bachelor’s, graduate, or professional degree yet.
- Federal Supplemental Educational Opportunity Grants (FSEO) - FSEO Grants award a maximum of $4,000 to those who demonstrate exceptional need and have not yet earned a bachelor’s or graduate degree. FSEO Grants also give priority to Pell Grant recipients over other applicants.
- Iraq and Afghanistan Service Grants - These grants award a maximum of $6,895, and they’re only for students whose parent or guardian served in a branch of the U.S. Armed Forces and died while serving in Iraq or Afghanistan after the events of 9/11.
- Teacher Education Assistance for College and Higher Education (TEACH) Grants - TEACH Grants award a maximum of $4,000, and they’re reserved for students who are enrolled in teaching preparation programs and agree to teach for a minimum of 4 years at the elementary or secondary school level in a high-need field.
FAFSA Required
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No matter who you are or your financial situation, you may want to consider submitting a FAFSA. After all, the grants listed above do require recipients to have an application on file with the Department of Education. And who knows? The potential financial benefit that you as a Charter Communications employee could secure may surprise you.
- Finder.com, 2019
- StudentAid.gov, 2020
What is the 401(k) plan offered by Charter Communications?
The 401(k) plan at Charter Communications is a retirement savings plan that allows employees to save a portion of their salary on a pre-tax basis, helping them prepare for retirement.
Does Charter Communications offer a company match for its 401(k) contributions?
Yes, Charter Communications offers a company match on employee contributions to the 401(k) plan, which helps employees maximize their retirement savings.
How can employees at Charter Communications enroll in the 401(k) plan?
Employees at Charter Communications can enroll in the 401(k) plan through the company’s benefits portal or by contacting the HR department for assistance.
What are the eligibility requirements for Charter Communications' 401(k) plan?
Employees of Charter Communications who meet the minimum age and service requirements are eligible to participate in the 401(k) plan.
Can employees at Charter Communications change their contribution amount to the 401(k) plan?
Yes, employees can change their contribution amount to the 401(k) plan at any time, subject to the plan's guidelines.
What investment options are available in the Charter Communications 401(k) plan?
The 401(k) plan at Charter Communications offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
When can employees at Charter Communications access their 401(k) funds?
Employees can access their 401(k) funds upon reaching retirement age, or in certain circumstances such as hardship withdrawals, as defined by the plan.
Does Charter Communications provide educational resources for employees regarding the 401(k) plan?
Yes, Charter Communications provides educational resources and tools to help employees understand and manage their 401(k) savings effectively.
What happens to an employee's 401(k) account if they leave Charter Communications?
If an employee leaves Charter Communications, they can choose to roll over their 401(k) balance to another retirement account, cash out, or leave it in the Charter 401(k) plan, subject to specific conditions.
Is there a vesting schedule for the company match in the Charter Communications 401(k) plan?
Yes, Charter Communications has a vesting schedule for the company match, which means that employees must work for a certain period before they fully own the matched contributions.
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