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Healthcare Provider Update: United Rentals' healthcare provider is primarily UnitedHealthcare, as they are one of the major insurers involved in providing coverage for their employees. As the healthcare landscape shifts, United Rentals employees may face significant increases in healthcare costs in 2026. Premiums for Affordable Care Act (ACA) marketplace plans are expected to soar, with some states seeing hikes of over 60%. Factors driving these increases include the potential expiration of enhanced federal subsidies and rising medical expenses, particularly in prescription medications. With nearly half of large employers likely to shift more costs onto employees through higher deductibles and out-of-pocket expenses, United Rentals workers should proactively assess their health benefit options to mitigate financial impacts. Click here to learn more
Most United Rentals 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 United Rentals 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 United Rentals employee could secure may surprise you.
- Finder.com, 2019
- StudentAid.gov, 2020
What type of retirement savings plan does United Rentals offer to its employees?
United Rentals offers a 401(k) retirement savings plan to help employees save for their future.
Does United Rentals provide any matching contributions to the 401(k) plan?
Yes, United Rentals provides a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.
How can employees enroll in the United Rentals 401(k) plan?
Employees can enroll in the United Rentals 401(k) plan through the company's online benefits portal or by contacting the HR department for assistance.
What is the eligibility requirement for United Rentals employees to participate in the 401(k) plan?
Generally, employees at United Rentals are eligible to participate in the 401(k) plan after completing a specified period of service, which is outlined in the plan details.
Can United Rentals employees make changes to their 401(k) contributions?
Yes, employees at United Rentals can change their contribution amounts at any time, subject to the plan's guidelines.
What investment options are available in the United Rentals 401(k) plan?
The United Rentals 401(k) plan offers a variety of investment options, including mutual funds and target-date funds, allowing employees to choose based on their risk tolerance and retirement goals.
Is there a vesting schedule for the employer match in the United Rentals 401(k) plan?
Yes, United Rentals has a vesting schedule for employer matching contributions, which determines when employees fully own those contributions.
How often can United Rentals employees review their 401(k) account statements?
Employees at United Rentals can review their 401(k) account statements quarterly, and they also have access to their accounts online for real-time updates.
What happens to a United Rentals employee's 401(k) if they leave the company?
If a United Rentals employee leaves the company, they have several options for their 401(k), including rolling it over to a new employer's plan or an IRA.
Does United Rentals allow loans against the 401(k) plan?
Yes, United Rentals allows employees to take loans against their 401(k) balance, subject to the plan's terms and conditions.
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