Here is what’s new and changing effective August 1, 2018. Refer to the FY 2019 Summary of Medical Benefits for a more detailed look at medical plan features and covered services.
Medical Cost Increases
Intuit’s cost-sharing principle remains in place: We pay 95% of the premium for employees and 80% for dependents. Although you’re continuing to use our well-being programs to stay actively engaged in your personal wellness, health care innovations have led to rising costs. As a result, you’ll see an increase to medical premiums for FY 2019. Your premium increase will depend on your plan and coverage tier. As in prior years, when you participate in the biometric screening and are nicotine-free, your premiums will be lower. To learn more about your premiums for FY 2019, see the Biweekly Paycheck Deduction section of the Summary of Medical Benefits.
Now that the Cigna Choice Fund with Health Savings Account (HSA) plan has been around for a few years, we’re applying to the Cigna Choice Fund HSA plan the same cost-sharing principle we’ve been using for our other plans. This means that premiums for this plan will increase for FY 2019. For example, if you have employee-only coverage under the Cigna Choice Fund HSA plan, you’ll now pay a premium of $14 per paycheck.
HSA Plan Deductible Increase
Due to IRS guidelines, the deductible for the Cigna Choice Fund HSA plan will increase from $1,300 to $1,350 for employee-only coverage and from $2,600 to $2,700 if you cover dependents.
All IVF Treatments Covered Under More Plans
All IVF treatments will now be covered under all medical plans except Kaiser, up to the lifetime maximum. Previously they were only covered under the Cigna Choice Fund HSA plan. See the Summary of Medical Benefits for details on limits for all plans.
Egg Freezing Available Under HSA Plan
If you’re enrolled in the Cigna Choice Fund HSA plan, egg freezing will be covered as an elective procedure, up to a combined fertility-benefit lifetime maximum. Egg freezing is not covered under any of the other medical plans. See the Summary of Medical Benefits for details on limits for all plans.
Dental and Vision Benefit Enhancements
The orthodontia lifetime maximum for the Aetna PPO Dental Plan is increasing from $2,000 (in-network) to $3,000.
Polished-edge treatments, which help some lenses fit better into frames, and polarized/laminated coatings, which reduce glare and eye strain, will now be covered under the Vision Service Plan (VSP).
Dependent Care FSA Funds Available August 1
The Dependent Care Flexible Spending Account (FSA) lets you set aside your money before taxes to pay for child care. Plus, you get free money from Intuit with a dollar-for-dollar match, up to $650 per fiscal year. Starting in FY 2019, Intuit will put the full $650 maximum match into your Dependent Care FSA at the beginning of the fiscal year. This means that you won’t have to wait to be reimbursed and can take advantage of Intuit’s contributions after your first paycheck in August. Your contributions will continue to be deducted throughout the year.
Looking Ahead to FY 2020: Intuit’s HSA Contribution
Starting in FY 2020, Intuit will begin a multi-year process of decreasing its contribution to your HSA. Although this change won’t start until next year, we want to give you plenty of advance notice so you can start planning accordingly. This change will not affect your account balance. But you may want to start increasing your own contributions, so you can maximize your future balances once the Intuit contributions decrease—and earn as much interest as possible on your balance.