Healthcare Provider Update: Healthcare Provider for Comcast Comcast typically provides its employees with health insurance through Aetna. This large insurer offers a variety of health plans including medical, dental, and vision coverage, which allows employees to choose coverage that suits their health needs and financial situation. Potential Healthcare Cost Increases in 2026 As projections for healthcare costs rise, 2026 is shaping up to be particularly challenging for Comcast employees and many other consumers. Health insurance premiums in the Affordable Care Act (ACA) marketplace are expected to increase significantly, with some states reporting hikes of over 60%. This surge is primarily caused by escalating medical costs, the potential expiration of enhanced federal premium subsidies, and aggressive rate increases from major insurers. As a result, individuals may see their out-of-pocket premiums rise dramatically, with estimates suggesting increases exceeding 75% for many marketplace enrollees if subsidies are not renewed. Click here to learn more
Most Comcast 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 Comcast 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
Featured Video
Articles you may find interesting:
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
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 Comcast employee could secure may surprise you.
- Finder.com, 2019
- StudentAid.gov, 2020
What is the Comcast 401(k) Savings Plan?
The Comcast 401(k) Savings Plan is a retirement savings plan that allows employees to save for their future by contributing a portion of their salary on a pre-tax or after-tax (Roth) basis.
How can I enroll in the Comcast 401(k) Savings Plan?
Employees can enroll in the Comcast 401(k) Savings Plan through the company’s benefits portal during the open enrollment period or within 30 days of their hire date.
What is the maximum contribution limit for the Comcast 401(k) Savings Plan?
For 2023, the maximum employee contribution limit to the Comcast 401(k) Savings Plan is $22,500, with an additional catch-up contribution of $7,500 for employees aged 50 and over.
Does Comcast offer any matching contributions to the 401(k) Savings Plan?
Yes, Comcast offers a matching contribution to the 401(k) Savings Plan, matching 100% of the first 4% of employee contributions.
When can I start withdrawing from my Comcast 401(k) Savings Plan?
Employees can begin withdrawing from their Comcast 401(k) Savings Plan at age 59½, or earlier in cases of financial hardship or if they leave the company.
What investment options are available in the Comcast 401(k) Savings Plan?
The Comcast 401(k) Savings Plan offers a variety of investment options, including target-date funds, index funds, and actively managed funds, allowing employees to choose based on their risk tolerance.
Can I take a loan from my Comcast 401(k) Savings Plan?
Yes, employees can take a loan from their Comcast 401(k) Savings Plan, subject to certain limits and repayment terms as outlined in the plan documents.
How can I change my contribution amount to the Comcast 401(k) Savings Plan?
Employees can change their contribution amount to the Comcast 401(k) Savings Plan through the benefits portal at any time, subject to plan rules.
Is there a vesting schedule for Comcast's matching contributions?
Yes, Comcast has a vesting schedule for matching contributions, which typically requires employees to work for a certain number of years before they fully own the matched funds.
What happens to my Comcast 401(k) Savings Plan if I leave the company?
If you leave Comcast, you can choose to roll over your 401(k) savings into another retirement account, leave the funds in the plan, or withdraw the balance, subject to taxes and penalties.