Having or Adopting a Baby

Medical, Dental, and Vision

You may enroll your new baby or adopted child in your medical, dental, and/or vision plan. You may also change plans at this time and add any previously eligible but uncovered dependents.

Visit Benefitsolver within 31 days of the date of the baby’s birth or the day the adoption is finalized to enroll or make changes. If you miss this enrollment window, you’ll have to wait until the next Open Enrollment period.

Health Savings Account (HSA)

If you have an HSA and you’re changing whom you cover in your UnitedHealthcare medical plan, review your HSA contribution limit to ensure that you maximize your savings but don’t over-contribute. Call Fidelity at (800) 544-3716 if you need help accessing your IRS HSA contribution limit. 

You can change your HSA contribution amount or beneficiaries at any time through Benefitsolver.

Health Care Flexible Spending Account (FSA)

You may enroll in or increase your contributions to your Health Care FSA, which lets you save up to $3,200 per calendar year on a pretax basis for qualified health care expenses. Contact HealthEquity, the FSA plan administrator, at (877) 924-3967 if you have any questions.

Visit Benefitsolver within 31 days of the date of the baby’s birth or the day the adoption is finalized to enroll or make changes. If you miss this enrollment window, you’ll have to wait until the next Open Enrollment period.

Dependent Care Flexible Spending Account (FSA)

You may enroll in or change your contributions to your Dependent Care FSA, which allows you to make pretax contributions of up to $5,000 per calendar year for dependent care expenses. Contact HealthEquity, the FSA plan administrator, at (877) 924-3967 if you have any questions.

Visit Benefitsolver within 31 days of the date of the baby’s birth or the day the adoption is finalized to enroll or make changes. If you miss this enrollment window, you’ll have to wait until the next Open Enrollment period.

Life and AD&D Insurance

When you have or adopt a child, you may:

• Increase your supplemental life insurance up to $50,000 above your current benefit level (not to exceed the lesser of 5 times your annual earnings or $500,000). Evidence of Insurability (EOI) is required for amounts that exceed this.
• Decrease your supplemental life insurance by any amount.
• Increase (or decrease) your supplemental AD&D insurance by any amount, up to the plan limits.
• Enroll your child in child life insurance.
• Change your spousal life insurance election. Evidence of Insurability (EOI) is required for any changes.
• Add your child as a beneficiary to your life insurance policy. (You can change your beneficiaries for your life and AD&D insurance at any time throughout the year.)

Visit Benefitsolver within 31 days of the date of the baby’s birth or the day the adoption is finalized to enroll or make changes. If you miss this enrollment window, you’ll have to wait until the next Open Enrollment period.

Time Off

Synopsys offers generous leaves of absence for new parents.

Contact The Larkin Company, the leave administrator, at (866) 330-1975 to initiate your leave or if you have leave-related questions.

Surrogacy and Adoption Assistance

Synopsys will reimburse you up to $10,000 per calendar year per surrogacy for qualified surrogacy expenses and up to $10,000 per adoption for documented out-of-pocket adoption-related expenses.

Group Legal Plan

If you’re enrolled in the MetLife Legal Plans, you can work with their attorneys to update your estate plan to include your new dependent. Create an account at MetLife Legal Plans, or call (800) 821-6400.

Employee Assistance Program (EAP)

Having a baby is joyous, but it can also be an emotional time. You may want to consider reaching out to our EAP. Professional counselors are available 24/7 to assist you and refer you to therapists and coaches. You have access to a limited number of free counseling visits a year, per covered family member.

Visit Lyra or call (844) 856-2213.