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Healthcare Provider Update: Healthcare Provider for Whirlpool Whirlpool primarily utilizes the services of UnitedHealthcare as one of its leading healthcare providers. This affiliation ensures that Whirlpool employees have access to a broad network of healthcare resources, including medical, dental, and vision plans tailored to their needs. Potential Healthcare Cost Increases in 2026 As we approach 2026, Whirlpool employees should brace for significant healthcare cost increases. Premiums for Affordable Care Act (ACA) marketplace insurance are expected to surge due to a perfect storm of factors, including rising medical costs and the anticipated expiration of enhanced federal subsidies. Estimates suggest that many employees could see their out-of-pocket premiums skyrocket by more than 75%, particularly in states like New York, where hikes could exceed 66%. This potential increase necessitates careful consideration of healthcare options and budgeting for Whirlpool employees to maintain financial stability in the coming year. Click here to learn more
Most Whirlpool 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 Whirlpool 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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- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
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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 Whirlpool employee could secure may surprise you.
- Finder.com, 2019
- StudentAid.gov, 2020
What is the Whirlpool 401(k) Savings Plan?
The Whirlpool 401(k) Savings Plan is a retirement savings plan that allows employees to save a portion of their salary on a tax-deferred basis to prepare for their future.
How can I enroll in the Whirlpool 401(k) Savings Plan?
You can enroll in the Whirlpool 401(k) Savings Plan by accessing the employee benefits portal or contacting the HR department for assistance with the enrollment process.
What is the employer match for the Whirlpool 401(k) Savings Plan?
Whirlpool offers a competitive employer match for contributions made to the 401(k) Savings Plan, typically matching a percentage of employee contributions up to a certain limit.
When can I start contributing to the Whirlpool 401(k) Savings Plan?
Employees can start contributing to the Whirlpool 401(k) Savings Plan after they have completed their eligibility requirements, which are outlined in the plan documents.
What types of investment options are available in the Whirlpool 401(k) Savings Plan?
The Whirlpool 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to help employees grow their retirement savings.
Can I change my contribution percentage to the Whirlpool 401(k) Savings Plan?
Yes, employees can change their contribution percentage to the Whirlpool 401(k) Savings Plan at any time, subject to plan rules and guidelines.
Is there a vesting schedule for Whirlpool's employer contributions?
Yes, the Whirlpool 401(k) Savings Plan includes a vesting schedule for employer contributions, which determines how much of the employer match you are entitled to based on your years of service.
How can I access my Whirlpool 401(k) Savings Plan account?
You can access your Whirlpool 401(k) Savings Plan account online through the designated retirement plan website or mobile app provided by the plan administrator.
What happens to my Whirlpool 401(k) Savings Plan if I leave the company?
If you leave Whirlpool, you have several options for your 401(k) Savings Plan, including rolling it over to another retirement account, cashing it out, or leaving it with Whirlpool until you reach retirement age.
Are loans available through the Whirlpool 401(k) Savings Plan?
Yes, the Whirlpool 401(k) Savings Plan may allow participants to take loans against their account balance, subject to certain terms and conditions.
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