Healthcare Provider Update: Healthcare Provider for Continental Resources Continental Resources typically offers healthcare coverage through major national insurers, with benefits administered by UnitedHealthcare. This enables the company to provide its employees with comprehensive health plans that include a range of medical services, preventive care, and wellness programs. Potential Healthcare Cost Increases in 2026 As we approach 2026, Continental Resources, like many other employers, faces a significant surge in healthcare costs that are projected to rise by approximately 8.5%. This increase arises from a perfect storm of factors, including heightened medical expenses driven by inflation, the potential loss of enhanced federal subsidies, and substantial rate hikes from insurers. Without congressional action to extend subsidy programs, employees could see their out-of-pocket costs escalate dramatically, potentially exceeding 75% for many, placing further financial strain on individuals and families. With these developments, strategic planning for healthcare expenditures will be essential for both employers and employees moving forward. Click here to learn more
Preparing for retirement at Continental Resources can look a little different for women than it does for men. Although stereotypes are changing, women are still more likely to serve as caretakers than men are, meaning they may accumulate less income and benefits due to their time absent from the workforce. Research shows that 31% of women are currently or have been caregivers during their careers. Women who are working also tend to put less money aside for retirement. According to one report, women contribute 30% less to their retirement accounts than men.
These numbers may seem overwhelming, but you don’t have to be a statistic. With a little foresight, you can start taking steps now, which may help you in the long run. Here are three steps to consider that may put Continental Resources employees ahead of the curve.
- Talk about money. Nowadays, discussing money is less taboo than it’s been in the past, and it’s crucial to take control of your financial future. If you’re single, consider writing down your retirement goals and keeping them readily accessible. If you have a partner, make sure you are both on the same page regarding your retirement goals. The more comfortably you can talk about your future, the more confident you may be to make important decisions when they come up.
- Be proactive about your retirement after Continental Resources. Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Continental Resources retirement accounts stand today? Being proactive with your Continental Resources retirement accounts allows you to create a goal-oriented roadmap. It may also help to adapt when necessary and continue their journey regardless of things like relationship status or market fluctuations.
- Make room for your future in your budget. Adjust your budget to allow for retirement savings, just as you would for a new home or your dream vacation. Like any of your other financial goals, you may find it beneficial to review your retirement goals on a regular basis to make sure you’re on track.
- Retirement may look a little different for women, but with the right strategies – and support – you’ll be able to live the retirement you’ve always dreamed of.
- Transamerica.com, 2021
- GAO.gov, 2021
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What type of retirement savings plan does Continental Resources offer to its employees?
Continental Resources offers a 401(k) retirement savings plan to help employees save for retirement.
Does Continental Resources provide a matching contribution for its 401(k) plan?
Yes, Continental Resources provides a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.
How can employees at Continental Resources enroll in the 401(k) plan?
Employees at Continental Resources can enroll in the 401(k) plan by completing the enrollment process through the company’s HR portal.
What is the eligibility requirement for participating in Continental Resources' 401(k) plan?
Employees must be at least 21 years old and have completed a minimum period of service to be eligible for Continental Resources' 401(k) plan.
Can employees of Continental Resources choose how much they want to contribute to their 401(k) plan?
Yes, employees of Continental Resources can choose their contribution percentage, subject to IRS limits.
What investment options are available in the Continental Resources 401(k) plan?
The Continental Resources 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds.
How often can employees at Continental Resources change their 401(k) contributions?
Employees at Continental Resources can change their 401(k) contributions at any time, subject to payroll processing deadlines.
What happens to the 401(k) savings if an employee leaves Continental Resources?
If an employee leaves Continental Resources, they can roll over their 401(k) balance to another retirement account or take a distribution, subject to tax implications.
Does Continental Resources allow for loans against the 401(k) plan?
Yes, Continental Resources allows employees to take loans against their 401(k) plan, subject to specific terms and conditions.
Are there any fees associated with the Continental Resources 401(k) plan?
Yes, there may be administrative fees associated with the Continental Resources 401(k) plan, which are disclosed in the plan documents.