Enrollment and Eligibility
(833) 280-4598
Company Key: Synopsys
Open Enrollment is November 1–15, 2024. It’s your chance to explore what’s changing and select the benefits that best fit your needs for 2025. We’re adding new options, so you need to take action to make sure you have the right mix of benefits to see you through the coming year.
You must go online to confirm your benefit elections and/or make changes to your benefits by November 15. In past years, benefit elections have carried over, but because of the additional options being added this year, you need to actively enroll even if you’re waiving Synopsys coverage.
Get help choosing your medical plan by checking out this overview or watching this short video.
If you’re enrolled in the Signature Plus Plan, the VSP EasyOptions additional allowance is increasing for frames (from $95 to $145) and contact lenses (from $70 to $120).
Synopsys has decided not to increase employee biweekly premiums for 2025!*
Medical Coverage Level | Synopsys HS Basic Plan | Synopsys HS Premium Plan | Synopsys PPO Plan | Kaiser HMO* (CA and OR) |
---|---|---|---|---|
You Only | $19.08 | $51.36 | $57.14 | $56.80 |
You and Spouse or Domestic Partner | $53.37 | $132.82 | $140.10 | $134.10 |
You and Children | $33.39 | $106.23 | $112.05 | $103.05 |
You, Spouse or Domestic Partner, and up to 2 Children | $103.07 | $222.74 | $234.94 | $204.19 |
You, Spouse or Domestic Partner, and 3 or More Children | $123.69 | $267.29 | $281.93 | $245.03 |
* The Kaiser CA and Kaiser OR plans are now aligned and feature the same benefits at the same rates. If you’re enrolled in the OR plan today, you’ll notice an increase in your rates if you enroll in the Kaiser HMO plan for 2025.
The benefit maximum for employee supplemental life insurance is increasing from $1,000,000 to $1,500,000 (not to exceed 8 times your annual earnings).
You can buy life insurance coverage for your child(ren) in the amount of $1,000, $5,000, $10,000, $15,000, or $20,000. Previously, only the first three options were available.
You have a new Group Legal Plan option through MetLife: a buy-up plan that covers your parents, parents-in-law, and grandparents. This can come in handy if your loved ones are needing help with will or trust preparation, estate planning, or any other legal matters. To learn more, review the MetLife Legal Plans Overview.
If you or a family member ever experiences an accident or serious illness, you (and your bank account) will be glad you put some safety nets in place. For 2025, you can enroll in hospital indemnity, accident, and/or critical illness insurance, which are optional plans that pay cash benefits directly to you if you experience a covered event, regardless of what your medical plan pays.
If you or a covered family member is hospitalized for a covered accident or illness, this plan will pay you a lump-sum benefit for hospitalization, plus a daily amount for each day of your hospital stay. If you’re planning a surgery for which you’ll be hospitalized, or if you’re planning to have a baby, you may want to consider hospital indemnity insurance.
Covered services include:
Accidents happen when you least expect them, whether you get rear-ended on your way home from work, you fall off a ladder while painting the kitchen, or your child gets hurt during a soccer game.
With accident insurance, you’ll receive a lump-sum reimbursement when you’re injured and need treatment because of an accident that happens when you’re not at work. You can also enroll your spouse or domestic partner and/or children.
Covered services include:
When you suffer a covered critical illness such as cancer, heart attack, or stroke, this plan sends a lump-sum reimbursement directly to you. You also can get paid for having a yearly preventive screening or mammogram. If you enroll in critical illness coverage, you can choose from coverage amounts of $15,000 and $30,000 for both you and your spouse or domestic partner and coverage amounts of $7,500 and $15,000 for your child(ren).
You must enroll or make changes by 9 p.m. Pacific Time on Friday, November 15, 2024.
Once you’re enrolled, you can access your benefits information through Benefitsolver or the MyChoice mobile app.
Reminder: If you’re currently participating in a Flexible Spending Account (FSA) and want to continue participating in 2025, you MUST re-enroll during Open Enrollment. Keep in mind that if you have some money left over in your Health Care FSA at the end of 2024, you can use it until February 28, 2025. Plan accordingly when you make your new FSA elections.
There are three ways to access enrollment: