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

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

Healthcare Provider Update: Healthcare Provider for UGI UGI Corporation primarily partners with Cigna HealthCare for its employee health insurance benefits. Cigna provides a range of health services, including medical, dental, and behavioral health coverage to UGI employees and their dependents. Potential Healthcare Cost Increases in 2026 As we head into 2026, UGI and similar employers could face significant healthcare cost pressures. Reports indicate that the overall healthcare expenses for businesses are expected to spike by around 8.5%, with many companies shifting a greater share of these costs to employees. Specifically, the expiration of enhanced federal premium subsidies under the Affordable Care Act may trigger premium hikes exceeding 60% in some states, leading to potential increases in out-of-pocket expenses for policyholders. This landscape suggests that proactive planning and cost management will be essential for UGI and other companies looking to mitigate the impact of rising healthcare costs on employees. Click here to learn more

Most UGI 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 UGI 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 UGI employee could secure may surprise you.

Finder.com, 2019

StudentAid.gov, 2020

What is the UGI 401(k) plan?

The UGI 401(k) plan is a retirement savings plan that allows employees to save a portion of their salary on a tax-deferred basis.

How can I enroll in UGI's 401(k) plan?

You can enroll in UGI's 401(k) plan by completing the enrollment form available through the HR portal or by contacting the HR department for assistance.

What is the employer match for UGI's 401(k) plan?

UGI offers a competitive employer match for contributions made to the 401(k) plan, which is typically a percentage of the employee's contributions, up to a certain limit.

When can I start contributing to UGI's 401(k) plan?

Employees at UGI can start contributing to the 401(k) plan after completing their eligibility period, which is outlined in the plan documentation.

What types of investment options are available in UGI's 401(k) plan?

UGI's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to help employees diversify their portfolios.

Can I change my contribution percentage in UGI's 401(k) plan?

Yes, employees can change their contribution percentage at any time by submitting a request through the HR portal or by contacting HR directly.

What happens to my UGI 401(k) plan if I leave the company?

If you leave UGI, you have several options for your 401(k) plan, including rolling it over to another retirement account, cashing it out, or leaving it with UGI until you reach retirement age.

Is there a loan option available in UGI's 401(k) plan?

Yes, UGI's 401(k) plan may allow participants to take loans against their account balance under certain conditions. Please refer to the plan documents for specific details.

How often can I change my investment choices in UGI's 401(k) plan?

Employees can typically change their investment choices in UGI's 401(k) plan at any time, subject to the plan's trading policies.

What is the vesting schedule for UGI's 401(k) plan?

The vesting schedule for UGI's 401(k) plan determines how much of the employer match you own after a certain period of employment. Specific details can be found in the plan documentation.