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Healthcare Provider Update: Healthcare Provider for Wynn Resorts: Wynn Resorts primarily offers health insurance benefits through major insurers including UnitedHealthcare and Anthem Blue Cross Blue Shield. These providers play a significant role in delivering comprehensive healthcare coverage to their employees. Potential Healthcare Cost Increases in 2026: In 2026, Wynn Resorts employees relying on Affordable Care Act (ACA) plans should brace for significant premium hikes, with many states reporting increases exceeding 60%. The confluence of rising medical costs, the likely expiration of enhanced federal premium subsidies, and aggressive rate adjustments by major insurers may lead to out-of-pocket premium increases of over 75% for many enrollees. With the top 10 insurers collectively showcasing record revenues, these escalating costs could impose substantial financial strain on employees and retirees navigating their healthcare choices. Click here to learn more
Most Wynn Resorts 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 Wynn Resorts 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 Wynn Resorts employee could secure may surprise you.
- Finder.com, 2019
- StudentAid.gov, 2020
What type of retirement savings plan does Wynn Resorts offer to its employees?
Wynn Resorts offers a 401(k) retirement savings plan to help employees save for their future.
Does Wynn Resorts match employee contributions to the 401(k) plan?
Yes, Wynn Resorts provides a matching contribution to employee 401(k) accounts, subject to certain limits.
What is the eligibility requirement for employees to participate in the Wynn Resorts 401(k) plan?
Employees of Wynn Resorts are eligible to participate in the 401(k) plan after completing a specified period of service, typically within the first year of employment.
How can employees at Wynn Resorts enroll in the 401(k) plan?
Employees can enroll in the Wynn Resorts 401(k) plan through the company’s benefits portal or by contacting the HR department for assistance.
What types of investment options are available in the Wynn Resorts 401(k) plan?
The Wynn Resorts 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Can employees at Wynn Resorts take loans against their 401(k) savings?
Yes, Wynn Resorts allows employees to take loans against their 401(k) savings, subject to the plan's terms and conditions.
What is the vesting schedule for employer contributions in the Wynn Resorts 401(k) plan?
The vesting schedule for employer contributions in the Wynn Resorts 401(k) plan typically follows a graded vesting schedule, which employees can review in the plan documents.
Are there any fees associated with the Wynn Resorts 401(k) plan?
Yes, there may be administrative fees and investment-related fees associated with the Wynn Resorts 401(k) plan, which are disclosed in the plan materials.
How often can employees at Wynn Resorts change their 401(k) contribution amounts?
Employees at Wynn Resorts can change their 401(k) contribution amounts during designated enrollment periods or as specified in the plan guidelines.
What happens to the 401(k) savings if an employee leaves Wynn Resorts?
If an employee leaves Wynn Resorts, they have several options for their 401(k) savings, including rolling it over to another retirement account, cashing it out, or leaving it in the Wynn Resorts plan if eligible.
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