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Company Key: Synopsys

What You Need To Know

Open Enrollment for 2026 Synopsys benefits is closed. You won't be able to make changes to your benefits until the next open enrollment unless you have a qualified life event.

This page contains information about your 2026 benefits. The remainder of this site describes your 2025 Synopsys benefits. Please check back in early January 2026, when the site will be updated with 2026 benefits details. 

What’s New for 2026

Synopsys is committed to evolving our benefits to better align with your health needs, priorities, and budget. The medical plan insurance is changing from UHC to Anthem Blue Cross (Anthem), and pharmacy benefits are changing from Optum Rx to Carelon. 

Medical, Pharmacy, and Dental Plan Changes

We believe our medical, pharmacy, and dental plans changes will provide an improved experience for you and your family, while maintaining the coverage and affordability you rely on.

New Medical and Pharmacy Providers

Anthem offers a broader provider network in many geographic areas, improved digital tools for managing care, and more robust preventive health support and chronic condition management. Anthem gives you access to dedicated advocates who can help you and your family members with real-time support around ID cards, benefits coverage information, making appointments, and managing claims. Advocates partner with the Anthem clinical teams to help with preapprovals and other steps in your health journey.

Key Facts

  • The plan options (two high-deductible health plans — HS Basic and HS Premium — and a PPO plan) will remain the same, so you’ll continue to have access to the same level of coverage.
  • If you’re currently enrolled in one of the UHC plans, your current Synopsys medical plan option will carry forward into 2026 under Anthem, unless you made a change during open enrollment.
  • Kaiser plans will remain in place if you live in California or Oregon. If you are currently enrolled in one of the Kaiser plans, this will continue unless you made a change during open enrollment.
  • If you’re in an active course of treatment or have surgery planned, and your current UHC in-network provider will be out-of-network with Anthem, you can apply for continuation of care. Note: You must apply by June 29, 2026.  

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New Lower-Cost Dental Plan Option  

You now have a choice of two dental plans: the Synopsys Low Dental Plan and the Synopsys High Dental Plan. The new Low Dental Plan covers basic preventive care, like cleanings and routine care, while the High Dental Plan offers more comprehensive benefits, including orthodontia.

Both plans allow you to see any licensed dentist but pay higher benefits when you use a Delta Dental PPO dentist.

Note: Orthodontia benefits are paid in two installments. If you're currently in orthodontia treatment and move to the lower plan, you may not receive future orthodontic payments since the low plan does not include orthodontia benefits. 

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No Changes to Vision Plans

Vision coverage will stay the same for 2026. You have a choice between two vision plans through Vision Service Plan (VSP): the Signature Plan and the Signature Plus Plan. The Signature Plus Plan costs more in paycheck contributions but provides additional lens enhancements at no extra cost.

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2026 Employee Premiums

Synopsys remains deeply committed to supporting your health and wellbeing — today and into the future. As overall healthcare costs continue to rise, we’re working to balance the value of the coverage we offer with the realities of those increasing expenses. Synopsys absorbed part of the increase so we could minimize the impact to employee contributions.  

The 2026 employee premiums are listed below. Deductions will be taken out per paycheck on a biweekly basis. Any premiums paid by you, other than for domestic partner coverage, are on a pretax basis.

Medical

Coverage LevelSynopsys HS Basic PlanSynopsys HS Premium PlanSynopsys PPO PlanKaiser HMO (CA and OR)
You Only$20.05$53.97$60.04$60.42
You and spouse or domestic partner$56.08$139.56$147.21$142.65
You and child(ren)$35.09$111.63$117.74$109.62
You and family$108.30$228.39$246.87$217.21

Dental and Vision

Coverage LevelSynopsys Low Dental PlanSynopsys High Dental PlanSignature PlanSignature Plus Plan
You Only$4.23$6.35$3.46$8.08
You and spouse or domestic partner$7.37$11.69$4.62$11.54
You and child(ren)$8.08$12.47$3.69$10.62
You and family$13.43$20.45$6.93$18.47

Effective Ways to Maximize Your Money

Health Savings Account (HSA) Contribution Max Increase

The IRS limit for HSA contributions will increase to $4,400 from $4,300 for individuals and to $8,750 from $8,550 for families in 2026. 

If you’re enrolled in the Synopsys HS Premium Plan, Synopsys also contributes to your HSA! There are no changes to Synopsys contributions for 2026. Keep in mind that the IRS limit includes the Synopsys HSA contribution, and employees 55 and older may contribute an additional $1,000.

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Learn more about the benefits of using an HSA by watching this short video.

Flexible Spending Account (FSA) Contribution Max Increase

The maximum amount you can contribute to your Dependent Day Care FSA is increasing from $5,000 to $7,500 per calendar year per family. If you’re married and filing separately, the maximum is increasing from $2,500 to $3,750.

The maximum amount you can contribute to your Health Care FSA is increasing from $3,300 to $3,400.

Health and Wellness Program Changes

To provide you with a more streamlined approach to wellbeing programs and incentives, we’re making some changes to our health and wellness programs. More information about these benefits will be coming in December.

  • New Sydney Health app: After January 1, you’ll have access to the Sydney Health mobile app to keep track of your health and benefits. You can use the new app to find care, compare costs, see what’s covered and check claims, view and use digital ID cards, fill prescriptions, and more.
  • New Wellness Coach: We’re introducing Wellness Coach, a holistic wellness platform that connects you with a diverse team of subject-matter experts. It’s available to you and five additional friends or family members aged 18 and over — all at no cost.
  • Consolidation of health and wellness programs: We’re discontinuing our partnerships with HealthJoy and Wondr. Along with the new Wellness Coach, you’ll continue to have access to several wellbeing programs, including Anthem’s virtual visits and virtual second opinions and Kaiser’s One Pass.
  • Lyra counseling sessions: The Employee Assistance Program (EAP) through Lyra will now include up to 12 free counseling visits per year, per covered family member.