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Healthcare Provider Update: Healthcare Provider for United States Steel: United States Steel Corporation generally provides healthcare benefits through various health insurance plans, primarily partnering with major insurers such as UnitedHealthcare, Aetna, and Anthem Blue Cross Blue Shield. These collaborations enable them to offer employees comprehensive coverage options tailored to meet diverse healthcare needs. Healthcare Cost Increases in 2026: As we approach 2026, projected healthcare costs are on the rise, significantly impacting those enrolled in plans under the Affordable Care Act (ACA). Due to a perfect storm of factors-namely expiring federal subsidies, escalating medical costs exceeding general inflation, and aggressive rate hikes from insurers-some individuals could witness steep premium increases of up to 75% or more. In many states, insurers have indicated premium hikes averaging 20%, with particular states like New York seeing increases upwards of 66%. These financial pressures are likely to heighten out-of-pocket expenses for millions, underscoring the urgent need for both individuals and employers to strategize their healthcare arrangements effectively. Click here to learn more
Most United States Steel 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 States Steel 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 States Steel employee could secure may surprise you.
- Finder.com, 2019
- StudentAid.gov, 2020
What type of retirement savings plan does United States Steel offer to its employees?
United States Steel offers a 401(k) retirement savings plan to help employees save for retirement.
How can employees of United States Steel enroll in the 401(k) plan?
Employees of United States Steel can enroll in the 401(k) plan through the company's benefits portal or by contacting the HR department for assistance.
Does United States Steel provide a matching contribution for its 401(k) plan?
Yes, United States Steel offers a matching contribution to employees who participate in the 401(k) plan, helping to boost their retirement savings.
What is the vesting schedule for United States Steel's 401(k) matching contributions?
The vesting schedule for United States Steel's 401(k) matching contributions typically follows a graded vesting schedule, which means employees earn ownership of the match over a period of time.
Can employees of United States Steel take loans against their 401(k) savings?
Yes, employees of United States Steel may have the option to take loans against their 401(k) savings, subject to the plan's rules and regulations.
What investment options are available in the United States Steel 401(k) plan?
The United States Steel 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock, allowing employees to diversify their portfolios.
Is there a minimum contribution requirement for the 401(k) plan at United States Steel?
Yes, United States Steel may have a minimum contribution requirement for employees participating in the 401(k) plan, which is typically outlined in the plan documents.
How often can employees of United States Steel change their 401(k) contribution amount?
Employees of United States Steel can generally change their 401(k) contribution amount at any time, subject to the plan's guidelines.
What happens to the 401(k) savings if an employee leaves United States Steel?
If an employee leaves United States Steel, they can choose to roll over their 401(k) savings into another retirement account, cash out, or leave the funds in the United States Steel plan, depending on the plan's rules.
Does United States Steel allow for after-tax contributions to the 401(k) plan?
Yes, United States Steel may allow for after-tax contributions to the 401(k) plan, in addition to pre-tax contributions, enabling employees to save more for retirement.
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