Choosing a medical plan
When considering which medical plan will be best for you, keep in mind:
- The HS Standard Plan and HS Premium Plan are new for 2019.
- Costs are increasing for the HS Basic Plan and the Kaiser plans.
- The Health Reimbursement Account (HRA) medical plan—which is closed to new participants—will no longer be available starting January 1, 2020. In 2019, the Synopsys contribution to the HRA will decrease to $500 for employee-only coverage and $1,000 if you cover dependents.
Choosing an HS plan
How do you choose between the HS Basic, Standard, and Premium plans? Good question!
All three HS plans provide:
- Access to the same doctor networks
- Comprehensive coverage when you need care
- Three ways to save on taxes through Health Savings Accounts (HSAs)
The main differences between the three plans are:
- How much you pay for coverage per paycheck (see the "2019 Employee costs per pay period" for more details)
- How much you pay out of pocket when you receive care
- How much Synopsys contributes to the HSA
For more help deciding between the HS Basic, Standard, and Premium plans, consider the following:
If you ⇩
If you ⇩
If you ⇩
Don't anticipate many medical expenses in 2019
|Have some money saved for medical expenses, but want to pay less out of pocket for care||Don't have a lot saved for medical expenses and want to pay the least out of pocket for care|
Want to maximize your tax savings by contributing up to $3,500 (if you have employee-only coverage) or $7,000 (if you cover one or more dependents) to your HSA*
Would like Synopsys to contribute to your HSA ($500 employee-only/ $1,000 employee + 1 or more dependents)
Are looking for the highest contribution from Synopsys to your HSA ($750 employee-only/ $1,500 employee +1 or more dependents)
|Consider the HS Basic Plan||Consider the HS Standard Plan||Consider the HS Premium Plan|
* Reflects 2019 HSA contribution limits set by the IRS.
Looking for more details? Check out our 2019 medical plan comparison chart for more specifics about coverage, deductibles, out-of-pocket maximums, and coinsurance costs. Or explore UnitedHealthcare’s Plan Cost Estimator to compare out-of-pocket costs for different health plans you’re considering.
Want to get the most from your benefits? Looking for a deep dive into enrollment or Health Savings Accounts (HSAs)? Attend an information session or webinar to learn more.
Open Enrollment Sessions
Register here to attend a session.
|Tuesday, Oct. 16||12–1 p.m. Pacific Time||Onsite Open Enrollment Meeting (Cobol Conference Room, Bldg. B, B1.185)|
|Thursday, Oct. 18||10–11 a.m. Pacific Time||Open Enrollment (Webinar)|
|Friday, Oct. 19||12–1 p.m. Pacific Time||HRA Enrollees: Understanding the HSA Plans (Webinar)|
|Tuesday, Oct. 23||9–10 a.m. Pacific Time||Open Enrollment (Webinar)|
|Wednesday, Oct. 24||12–1 p.m. Pacific Time||Kaiser (Webinar)|
|Thursday, Oct. 25||12–1 p.m. Pacific Time||Onsite Open Enrollment Meeting (Merlot Conference Room, Bldg. 1, 11.104)|
|Tuesday, Oct. 30||9–10 a.m. Pacific Time||HRA Enrollees: Understanding the HSA Plans (Webinar)|
|Thursday, Nov. 1||12–1 p.m. Pacific Time||Open Enrollment (Webinar)|
Fidelity HSA Webinars
Register here to attend a webinar.
|Wednesday, Oct. 31||1–2 p.m. Pacific Time||Discover the Potential of Your HSA|
|Friday, Nov. 2||9–10 a.m. Pacific Time||Discover the Potential of Your HSA|
|Monday, Nov. 5||11–12 p.m. Pacific Time||Discover the Potential of Your HSA|
|Monday, Nov. 12||11–12 p.m. Pacific Time||Discover the Potential of Your HSA|
If you cannot attend one of the scheduled Fidelity HSA webinars, you can watch a pre-recorded Fidelity HSA webinar through Brainshark.
Financial Knowledge Webinars
Register with Financial Knowledge, using company code Synopsys, to attend a webinar.
|Monday, Oct. 22||12–1 p.m. Pacific Time||Navigating the HSA and Your Taxes|
|Tuesday, Nov. 6||9–10 a.m. Pacific Time||Navigating the HSA and Your Taxes|
|Wednesday, Oct. 17||11:30–2 p.m. Pacific Time||USMV/US02 site only:
Meet with Representatives from UnitedHealthcare, Kaiser, Scoop and MetLife (Café A–USMV)
Open Enrollment is Oct. 15 through Nov. 2, 2018.
Enroll or make changes by 11:59 p.m. Pacific Time on Friday, Nov. 2, 2018.