Choosing a Medical Plan

Need Help Deciding?

The following resources can help you determine which medical plan will be best for you and your family in 2024:

  • Our 2024 medical plan comparison chart includes more specifics about coverage, deductibles, out-of-pocket maximums, and coinsurance costs.
  • Health Advocate offers personalized assistance and will help you choose the right amount of coverage for your needs.

Choosing a Health Savings (HS) Plan

All three HS medical plans provide:

  • Comprehensive coverage when you need care
  • Three ways to save on taxes through a Health Savings Account (HSA)

The main differences among the three plans are:

  • Which provider network you use
  • How much you pay for coverage per paycheck
  • How much you pay out of pocket when you receive care
  • How much Synopsys contributes to your HSA

For more help deciding among the three medical plans, consider the following:

If you ⇩

If you ⇩

If you ⇩

Don’t anticipate many medical expenses in 2024 and...Have some money saved for medical expenses but want to pay less out of pocket for care and...Don’t have a lot saved for medical expenses and want to pay the least out of pocket for care and...
Want to maximize your tax savings by contributing up to $4,150 (employee-only coverage) or $8,300 (if you cover dependents) to your HSA*...Would like Synopsys to contribute to your HSA ($750 employee-only, $1,500 employee + dependents)...Are looking for the highest contribution from Synopsys to your HSA ($1,000 employee-only, $2,000 employee + dependents)...
Consider the HS Basic PlanConsider the HS Standard PlanConsider the HS Premium Plan

* Reflects 2024 HSA contribution limits set by the IRS.