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Healthcare Provider Update: Healthcare Provider for Energy Transfer Energy Transfer employees typically rely on employer-sponsored health insurance plans, which are often managed through major healthcare providers like UnitedHealthcare, BlueCross BlueShield, or Aetna, depending on the specific agreements and market presence in their regions. Potential Healthcare Cost Increases in 2026 Looking ahead to 2026, Energy Transfer employees may face significant healthcare challenges as premium increases for Affordable Care Act (ACA) plans are projected to surge sharply, with some states reporting hikes of over 60%. The anticipated expiration of enhanced federal premium subsidies is expected to exacerbate this situation, pushing average out-of-pocket premiums up by more than 75% for many individuals. As medical costs continue to rise-driven by increased hospital expenses, specialty drugs, and systemic inflation-Energy Transfer employees should prepare for a substantial shift in their healthcare expenses, making it crucial to evaluate options early and strategically plan for the upcoming changes. Click here to learn more
Most Energy Transfer 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 Energy Transfer 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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- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
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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 Energy Transfer employee could secure may surprise you.
- Finder.com, 2019
- StudentAid.gov, 2020
What is the primary purpose of Energy Transfer's 401(k) Savings Plan?
The primary purpose of Energy Transfer's 401(k) Savings Plan is to help employees save for retirement by allowing them to contribute a portion of their salary on a pre-tax basis.
How can I enroll in Energy Transfer's 401(k) Savings Plan?
Employees can enroll in Energy Transfer's 401(k) Savings Plan by completing the enrollment process through the company's benefits portal or by contacting the HR department for assistance.
Does Energy Transfer offer a company match for contributions to the 401(k) Savings Plan?
Yes, Energy Transfer offers a company match for employee contributions to the 401(k) Savings Plan, which enhances the overall retirement savings for employees.
What types of investment options are available in Energy Transfer's 401(k) Savings Plan?
Energy Transfer's 401(k) Savings Plan typically offers a variety of investment options, including mutual funds, target-date funds, and company stock, allowing employees to diversify their portfolios.
Can I change my contribution amount to Energy Transfer's 401(k) Savings Plan at any time?
Yes, employees can change their contribution amount to Energy Transfer's 401(k) Savings Plan at any time, subject to any plan-specific guidelines.
What is the vesting schedule for the company match in Energy Transfer's 401(k) Savings Plan?
The vesting schedule for the company match in Energy Transfer's 401(k) Savings Plan may vary, but typically employees become fully vested after a certain number of years of service.
Are there any fees associated with Energy Transfer's 401(k) Savings Plan?
Yes, there may be administrative fees and investment-related fees associated with Energy Transfer's 401(k) Savings Plan, which are disclosed in the plan documents.
How can I access my account information for Energy Transfer's 401(k) Savings Plan?
Employees can access their account information for Energy Transfer's 401(k) Savings Plan through the plan's online portal or by contacting the plan administrator.
What happens to my 401(k) Savings Plan account if I leave Energy Transfer?
If you leave Energy Transfer, you have several options for your 401(k) Savings Plan account, including rolling it over to another retirement account, cashing it out, or leaving it in the plan if permitted.
Can I take a loan from my 401(k) Savings Plan at Energy Transfer?
Yes, Energy Transfer's 401(k) Savings Plan may allow employees to take loans against their account balance, subject to specific terms and conditions.
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