Healthcare Provider Update: Tenet Healthcare Overview Tenet Healthcare Corporation operates a network of healthcare services, primarily through its hospitals and outpatient facilities in the United States. It is recognized for offering a broad spectrum of services, including surgical, inpatient, and outpatient care. Potential Healthcare Cost Increases in 2026 Healthcare costs, particularly insurance premiums for Affordable Care Act (ACA) plans, are projected to rise significantly in 2026, potentially exceeding 60% in some states. This increase is driven by several factors, including rising medical costs and the anticipated loss of enhanced federal premium subsidies that have benefited many consumers. Without legislative action to extend these subsidies, a vast majority of ACA enrollees may face out-of-pocket premium hikes of over 75%, placing financial strain on individuals and families seeking adequate coverage in an increasingly challenging healthcare landscape. Click here to learn more
Most Tenet Healthcare 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 Tenet Healthcare 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 Tenet Healthcare employee could secure may surprise you.
- Finder.com, 2019
- StudentAid.gov, 2020
What is the 401(k) plan offered by Tenet Healthcare?
The 401(k) plan at Tenet Healthcare is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
How can employees of Tenet Healthcare enroll in the 401(k) plan?
Employees can enroll in the Tenet Healthcare 401(k) plan through the company’s employee benefits portal during the enrollment period or upon eligibility.
Does Tenet Healthcare offer matching contributions to the 401(k) plan?
Yes, Tenet Healthcare offers a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.
What is the vesting schedule for Tenet Healthcare's 401(k) matching contributions?
The vesting schedule for Tenet Healthcare's matching contributions typically follows a graded schedule, meaning employees earn rights to the match over a period of time.
Can employees of Tenet Healthcare change their 401(k) contribution amounts?
Yes, employees can change their 401(k) contribution amounts at any time through the Tenet Healthcare employee benefits portal.
What investment options are available in the Tenet Healthcare 401(k) plan?
The Tenet Healthcare 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.
Is there a loan option available for Tenet Healthcare employees through the 401(k) plan?
Yes, Tenet Healthcare employees may have the option to take a loan against their 401(k) savings, subject to the plan’s terms and conditions.
What happens to my 401(k) savings if I leave Tenet Healthcare?
If you leave Tenet Healthcare, you can choose to roll over your 401(k) savings into another retirement account, withdraw the funds, or leave the money in the Tenet Healthcare plan if eligible.
Are there any fees associated with the Tenet Healthcare 401(k) plan?
Yes, there may be fees associated with the Tenet Healthcare 401(k) plan, including administrative fees and investment management fees, which are disclosed in the plan documents.
How often can Tenet Healthcare employees access their 401(k) account statements?
Employees of Tenet Healthcare can access their 401(k) account statements quarterly through the benefits portal.
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