Healthcare Provider Update: Healthcare Provider for Regeneron Pharmaceuticals: Regeneron Pharmaceuticals primarily collaborates with a range of healthcare providers, including hospitals, specialty clinics, and other medical organizations that focus on treating conditions related to its drug portfolio. The company often works with health systems, managed care organizations, and practices that specialize in therapeutic areas such as oncology, ophthalmology, and immunology, with notable partnerships aimed at advancing clinical research and access to its innovative treatments. Potential Healthcare Cost Increases in 2026: As we approach 2026, healthcare costs are projected to surge significantly, largely due to the anticipated expiration of enhanced federal subsidies under the Affordable Care Act and continued inflation in medical expenses. Reports suggest that some states may face premium hikes exceeding 60%, potentially increasing out-of-pocket costs for enrollees by up to 75%. This turbulence stems from a convergence of higher medical costs, substantial drug spending, and a regulatory landscape that pressures insurers to increase rates. Without timely congressional action to renew premium tax credits, many consumers could be priced out of affordable healthcare coverage. Click here to learn more
Most Regeneron Pharmaceuticals 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 Regeneron Pharmaceuticals 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 Regeneron Pharmaceuticals employee could secure may surprise you.
- Finder.com, 2019
- StudentAid.gov, 2020
What is the 401(k) plan offered by Regeneron Pharmaceuticals?
The 401(k) plan at Regeneron Pharmaceuticals is a retirement savings plan that allows employees to save a portion of their salary on a tax-deferred basis.
How can employees of Regeneron Pharmaceuticals enroll in the 401(k) plan?
Employees can enroll in the Regeneron Pharmaceuticals 401(k) plan by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.
What types of contributions can employees make to the Regeneron Pharmaceuticals 401(k) plan?
Employees can make pre-tax contributions, Roth (after-tax) contributions, and potentially catch-up contributions if they are eligible.
Does Regeneron Pharmaceuticals offer a company match for the 401(k) contributions?
Yes, Regeneron Pharmaceuticals offers a company match for employee contributions to the 401(k) plan, which helps enhance retirement savings.
What is the vesting schedule for the Regeneron Pharmaceuticals 401(k) company match?
The vesting schedule for the company match in the Regeneron Pharmaceuticals 401(k) plan typically follows a graded vesting schedule, which employees can review in the plan documents.
Can employees take loans against their 401(k) savings at Regeneron Pharmaceuticals?
Yes, Regeneron Pharmaceuticals allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.
What investment options are available in the Regeneron Pharmaceuticals 401(k) plan?
The Regeneron Pharmaceuticals 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.
How often can employees change their contribution amounts to the Regeneron Pharmaceuticals 401(k) plan?
Employees can change their contribution amounts to the Regeneron Pharmaceuticals 401(k) plan at any time, subject to the plan's guidelines.
What happens to the 401(k) savings if an employee leaves Regeneron Pharmaceuticals?
If an employee leaves Regeneron Pharmaceuticals, they have several options for their 401(k) savings, including rolling over to another retirement account, cashing out, or leaving the funds in the plan if allowed.
Are there any fees associated with the Regeneron Pharmaceuticals 401(k) plan?
Yes, there may be fees associated with the Regeneron Pharmaceuticals 401(k) plan, including administrative fees and investment-related fees, which are disclosed in the plan documents.
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