We know these past few months have been a challenging time for everyone. That’s why we’re happy to announce that there are no cost changes to your medical, dental or vision plans in FY 2021 (aside from some IRS-required cost changes to the Cigna Choice Fund with HSA plan).
We’re also excited to introduce several new services and features that focus on supporting your mental health, helping you save on health care, supporting inclusion and helping you grow your family. Unless otherwise noted, all changes take effect August 1, 2020.
Refer to the FY 2021 Plan Snapshot for a more detailed look at important plan features and covered services.
Reminder: Biometric Screenings Cancelled
Biometric screenings have been cancelled for FY 2021 and won’t be coming back.
Intuit will award all employees covered by Intuit’s medical plans the biometric screening participation credits for FY 2021. You’ll no longer see the biometric screening participation credit as a separate item on your annual enrollment confirmation statement or, starting with your first paycheck after August 1, 2020, in your paycheck deductions. Instead, you’ll see the cost savings built directly into your premium cost.
When you get your annual wellness exam with your doctor, you generally get a screening plus any lab work your doctor recommends. These services are covered under all of Intuit’s medical plans at no cost to you for preventive care (when you see an in-network provider).
To get your nicotine-free credit, you still needed to attest to your status during annual enrollment. The nicotine-free credit will continue to appear as a separate item on your annual enrollment confirmation statement and in your paycheck deductions.
No Cost Increases for Medical, Dental and Vision
You won’t see any increases to your medical, dental or vision paycheck costs in FY 2021.
With the unique situation that employees—and the world—are in right now, Intuit has made the decision to cover 100% of the cost increases. We’re also not changing the copay or coinsurance schedule that’s used when you visit your provider. The only exception to this is with the Cigna Choice Fund with HSA plan, for which some cost changes are required by the IRS. Please refer to the biweekly paycheck costs in the FY 2021 Plan Snapshot.
Transgender Benefit Enhancements
We’re aligning our transgender benefits with the World Professional Association for Transgender Health (WPATH) standards of care.
Intuit’s nationwide medical plans (UnitedHealthcare and Cigna) provides coverage for the following WPATH-recommended procedures related to transgender services:
- Voice therapy/voice lessons
- Breast augmentation
- Facial bone reduction
- Insertion of testicular prosthesis
- Pectoral implants
- Thyroid reduction chondroplasty
- Voice modification surgery
Check with your medical plan for coverage details. When you call your medical plan provider, you can request to speak with a designated transgender customer service representative.
Enhancements to Family Planning Services
We’re enhancing several of our family planning services to help make the process of growing your family easier and more cost-effective.
- Increased in vitro fertilization (IVF) lifetime maximum: Under the UnitedHealthcare and Cigna medical plans, the IVF lifetime maximum is increasing from $10,000 to $30,000.
- New surrogacy assistance: Intuit will reimburse you for eligible expenses up to $30,000 per child, up to a lifetime maximum of two events.
- Increased adoption assistance reimbursement max: Intuit will reimburse you up to $30,000 per child for eligible adoption-related expenses, up to a lifetime maximum of two children.
Cigna Choice Fund with HSA Plan Changes
The out-of-pocket maximum and deductible for the Cigna Choice Fund with HSA plan are changing.
Based on employee feedback, we’re lowering the out-of-network out-of-pocket maximum back down to the FY 2019 amount. This is to recognize that the increased maximum had a large impact on employees who used out-of-network coverage for mental health services. Meanwhile, the in-network deductible is increasing, per IRS regulations.
|FY 2020||FY 2021|
|Out-of-Network Out-of-Pocket Maximum||$5,000 individual
|In-Network Deductible||$1,350 individual
Substance Abuse Benefit Enhancement
If you’re enrolled in a Cigna plan, you have access to Cigna’s substance abuse Centers of Excellence (COEs).
COEs provide comprehensive substance abuse care from a team of experts who work together to support you. The Cigna plan pays 100% for inpatient and outpatient substance abuse treatment when you use a Cigna COE. (If you’re enrolled in the Cigna Choice Fund with HSA plan, you must meet your deductible before the plan pays 100%.) In addition, travel and lodging are covered, up to $5,000, for the patient and one support person. This travel benefit allows you to select the best facility for your individual situation, regardless of location.
Health Care Flexible Spending Account (FSA) Updates
The IRS has announced updates that impact your FY 2020 FSA contributions.
You’ll have until December 31, 2020, to incur Health Care FSA expenses for FY 2020. This means the amount you’ve contributed through July 31, 2020, will remain available for you to use through December 31, 2020. Keep this in mind while you’re deciding how much to contribute to your Health Care FSA for FY 2021.
If you were enrolled in the Health Care FSA and switched to the Cigna Choice Fund with Health Savings Account (HSA) plan for FY 2021, your FSA funds must be completely used (to a $0 balance) by July 31, 2020, so that you can start using the HSA on August 1, 2020. If you have a balance in your Health Care FSA as of July 31, 2020, you won't be able to contribute to the HSA (or receive the Intuit contribution) for the remainder of calendar year 2020. Starting January 1, 2021, you'll be eligible to participate in the HSA and receive the Intuit contribution.
In addition, in FY 2021, you can contribute up to $2,750 to your Health Care FSA to pay for eligible medical, dental and vision expenses.
Note: You need to enroll in the Health Care FSA each year during annual enrollment if you want to participate. You can only enroll outside of annual enrollment if you experience a qualified family status change.
New Services Covered Under Telemedicine
Reminder: Effective May 1, 2020, Teladoc, the telemedicine service provided by Cigna and UnitedHealthcare, covers several new areas of treatment:
- Smoking cessation
- Back care
Through July 31, 2020, there is a $0 copay for all telemedicine services, including behavioral health.
eMindful No Longer Available
We’ve evaluated our offerings and decided to streamline our mindfulness-related benefits by discontinuing eMindful.
Because Intuit is invested in your emotional well-being, we continue to offer a wide array of resources to promote your mental health. You can still access mindfulness and resilience resources through Whil, and you can get reimbursed for mindfulness activities through the Well-being for Life Program.
New Socially Responsible 401(k) Investment Option
The Intuit Employee Benefits Administrative Committee is adding a new investment option to the 401(k) Savings Plan. Effective September 3, 2020, the Vanguard FTSE Social Index Admiral Fund (ticker: VFTAX) will be an available option that supports our efforts of becoming the most environmentally sustainable company we can be. This fund gives special consideration to certain environmental, social and governance (ESG) criteria. Watch for more information.
New ALEX® Retirement Calculator
Ready to learn more about the Intuit 401(k) match, how much savings you'll need to retire, the best investments for you and more? Get help making smart retirement choices with the ALEX Retirement Calculator tool. This helpful resource is replacing the ALEX Financial Wellness tool.