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Healthcare Provider Update: Healthcare Provider for PerkinElmer PerkinElmer, a key player in the diagnostics and life sciences industry, offers its employees access to various healthcare providers through employer-sponsored health plans. Typically, these plans include options from prominent national insurers such as UnitedHealthcare, Anthem, and Cigna, but specific provider networks may vary based on the region and the type of plan selected. Potential Healthcare Cost Increases in 2026 As we approach 2026, PerkinElmer and its employees may face significant increases in healthcare costs amidst a challenging landscape. Predicted healthcare premiums for Affordable Care Act (ACA) marketplace plans are set to rise sharply, with some states anticipating hikes exceeding 60%. Contributing factors include the expiration of enhanced federal subsidies, rising medical inflation, and aggressive rate requests from major insurers. With over 22 million marketplace enrollees expected to see their out-of-pocket premiums surge by more than 75%, strategic planning for healthcare expenses will be critical for individuals and families in the coming year. Click here to learn more
Most PerkinElmer 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 PerkinElmer 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 PerkinElmer employee could secure may surprise you.
- Finder.com, 2019
- StudentAid.gov, 2020
What is the 401(k) plan offered by PerkinElmer?
The 401(k) plan at PerkinElmer is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out, helping them build a nest egg for retirement.
How can I enroll in the 401(k) plan at PerkinElmer?
Employees can enroll in the PerkinElmer 401(k) plan through the company’s HR portal or by contacting the HR department for assistance with the enrollment process.
Does PerkinElmer offer a company match for the 401(k) contributions?
Yes, PerkinElmer provides a company match for employee contributions to the 401(k) plan, which helps employees maximize their retirement savings.
What is the eligibility requirement to participate in PerkinElmer's 401(k) plan?
Employees at PerkinElmer are typically eligible to participate in the 401(k) plan after completing a specified period of service, as outlined in the employee handbook.
How much can I contribute to the PerkinElmer 401(k) plan each year?
Employees can contribute up to the IRS limit for 401(k) contributions, which may change annually. PerkinElmer encourages employees to check the current limits for accurate information.
Are there any investment options available in PerkinElmer's 401(k) plan?
Yes, PerkinElmer offers a variety of investment options within the 401(k) plan, including mutual funds and other investment vehicles to help employees grow their retirement savings.
Can I change my contribution amount to the 401(k) plan at PerkinElmer?
Yes, employees can change their contribution amounts to the PerkinElmer 401(k) plan at any time, subject to certain guidelines provided by the plan.
What happens to my 401(k) if I leave PerkinElmer?
If you leave PerkinElmer, you have several options for your 401(k), including rolling it over to a new employer’s plan, transferring it to an IRA, or cashing it out, though cashing out may incur taxes and penalties.
When can I start withdrawing from my PerkinElmer 401(k) plan?
Employees can typically begin withdrawing from their PerkinElmer 401(k) plan at age 59½, though there are specific rules and conditions that apply.
Does PerkinElmer offer loans against my 401(k) balance?
Yes, PerkinElmer allows employees to take loans against their 401(k) balance, subject to the terms and conditions of the plan.
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