New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Ovintiv Employees: Unlock the Benefits of the Federal Student Grant Program for Your Family's Education

Healthcare Provider Update: Healthcare Provider for Ovintiv Ovintiv utilizes several healthcare providers for its employees' health coverage, with a primary focus on large national insurers. Notable among these are UnitedHealthcare and Anthem, which are typically selected to offer comprehensive healthcare plans that cover a wide array of services including preventive care, emergency services, and specialty medications. Healthcare Cost Increases in 2026 In 2026, Ovintiv employees may face substantial increases in healthcare costs, primarily due to anticipated hikes in Affordable Care Act (ACA) market premiums, which are expected to rise by as much as 66% in some states. The projected expiration of enhanced federal premium subsidies, coupled with a medical cost inflation rate that surpasses general inflation, is likely to significantly increase out-of-pocket expenses. As a result, employees should proactively review their health benefits and consider strategic adjustments to mitigate the impact of these rising costs. Click here to learn more

Most Ovintiv 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 Ovintiv 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 Ovintiv employee could secure may surprise you.

Finder.com, 2019

StudentAid.gov, 2020

What type of retirement savings plan does Ovintiv offer to its employees?

Ovintiv offers a 401(k) retirement savings plan to help employees save for their future.

How can Ovintiv employees enroll in the 401(k) plan?

Ovintiv employees can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

Does Ovintiv provide a company match for the 401(k) contributions?

Yes, Ovintiv provides a company match for employee contributions to the 401(k) plan, subject to specific terms and conditions.

What is the maximum contribution limit for Ovintiv employees participating in the 401(k) plan?

The maximum contribution limit for Ovintiv employees is in line with IRS guidelines, which may change annually. Employees should check the latest IRS limits for accuracy.

Can Ovintiv employees change their contribution percentage at any time?

Yes, Ovintiv employees can change their contribution percentage at any time, typically through the HR portal or by contacting HR.

What investment options are available in Ovintiv's 401(k) plan?

Ovintiv’s 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

Is there a vesting schedule for the company match in Ovintiv's 401(k) plan?

Yes, Ovintiv has a vesting schedule for the company match, which means employees must work for the company for a certain period before they fully own the matched contributions.

How can Ovintiv employees access their 401(k) account information?

Ovintiv employees can access their 401(k) account information online through the plan’s designated website or by contacting the plan administrator.

Does Ovintiv allow for loans against the 401(k) account?

Yes, Ovintiv may allow employees to take loans against their 401(k) account, subject to the plan’s specific terms and conditions.

What happens to an Ovintiv employee's 401(k) account if they leave the company?

If an Ovintiv employee leaves the company, they have several options for their 401(k) account, including rolling it over to another retirement account or leaving it with Ovintiv.