Healthcare Provider Update: Healthcare Provider for Electronic Arts Electronic Arts (EA) partners with Anthem Blue Cross Blue Shield to provide healthcare benefits to its employees. This partnership enables EA to offer a range of health insurance options that cater to the diverse needs of its workforce. Potential Healthcare Cost Increases in 2026 As we approach 2026, significant increases in healthcare costs are anticipated. With reports suggesting premium hikes could exceed 60% in certain states, especially for Affordable Care Act (ACA) marketplace plans, many consumers could face out-of-pocket premium increases of over 75%. Contributing factors include the potential expiration of enhanced federal subsidies, rising medical expenses, and aggressive rate hikes by major insurers, leading to substantial financial pressures for individuals and families relying on these healthcare plans. This perfect storm of rising costs places tremendous strain on consumers, particularly for those in the middle-income bracket, forcing them to reassess their healthcare coverage options. Click here to learn more
Most Electronic Arts 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 Electronic Arts 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 Electronic Arts employee could secure may surprise you.
- Finder.com, 2019
- StudentAid.gov, 2020
What is the 401k plan offered by Electronic Arts?
The 401k plan at Electronic Arts is a retirement savings plan that allows employees to save a portion of their salary on a pre-tax basis, helping them build a nest egg for retirement.
Does Electronic Arts match employee contributions to the 401k plan?
Yes, Electronic Arts offers a matching contribution to the 401k plan, which helps enhance employees' retirement savings.
How can employees enroll in the 401k plan at Electronic Arts?
Employees can enroll in the Electronic Arts 401k plan by accessing the benefits portal and following the enrollment instructions provided.
What is the vesting schedule for Electronic Arts' 401k matching contributions?
The vesting schedule for Electronic Arts' matching contributions typically follows a graded vesting schedule, allowing employees to earn full ownership of the match over a period of time.
Can employees change their contribution percentage to the 401k plan at Electronic Arts?
Yes, employees at Electronic Arts can change their contribution percentage at any time through the benefits portal.
What investment options are available in the Electronic Arts 401k plan?
The Electronic Arts 401k plan offers a variety of investment options, including mutual funds, target-date funds, and company stock, allowing employees to diversify their portfolios.
Is there a loan provision in the Electronic Arts 401k plan?
Yes, Electronic Arts allows employees to take loans against their 401k savings, subject to specific terms and conditions.
What happens to my 401k plan if I leave Electronic Arts?
If you leave Electronic Arts, you can choose to roll over your 401k balance to another retirement account, cash out, or leave it in the Electronic Arts plan if permitted.
Are there any fees associated with the Electronic Arts 401k plan?
Yes, there may be administrative fees associated with the Electronic Arts 401k plan, which are typically disclosed in the plan documents.
How often can employees access their 401k account information at Electronic Arts?
Employees can access their 401k account information at Electronic Arts anytime through the online benefits portal.
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