What’s new & changing?
MANAGING THE ONGOING RISE OF HEALTHCARE COSTS
Across the US, overall healthcare costs are rising at higher rates than previous years due to many factors including increasing healthcare utilization, inflation of medical costs, and healthcare staffing shortages. This has a direct impact on the cost of Dolby’s health coverage options which are paid by both Dolby and our employees. This year, employees will see their portion of Cigna medical plans increase by ~8% and Kaiser HMO will increase by ~20%. Dental premiums will increase up to 6%, depending on plan and tier. The cost for vision coverage will remain unchanged. Dolby’s contribution to employees’ benefits plans will also be increasing. Click here for the 2024-25 employee contribution rates.
YOUR PETS ARE FAMILY, TOO
We know your four-legged (or feathered) family members mean the world, so Dolby is making sure they’ve got access to care through Airvet! This 100% Dolby-paid benefit saves you time and money by providing unlimited 24/7 virtual veterinary care covering everything from urgent health concerns to routine pet care. Activate your benefit at join.airvet.com/getstarted.
INCREASED IRS LIMITS
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Health Savings Account (HSA) contribution limit increase to $4,150 for employee-only medical coverage and $8,300 for employee + dependent medical coverage (employees who are age 55+ can contribute an additional $1,000)
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Healthcare Flexible Spending Account (HCFSA) contribution limit increase to $3,200
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The Dependent Care Flexible Spending Account (DCFSA) will stay at $5,000
Remember that you must enroll in the Healthcare and/or Dependent Care FSA(s) each year you plan to participate.
WHAT'S NOT CHANGING?
The level of benefits coverage offered under the Dolby medical, dental, and vision plans remains the same. In addition, Dolby continues to pay a major portion of the cost of employee medical plan premiums (approximately 85% - 100% of employee only coverage and 75% to 85% of cost when covering dependents). Employees also continue to have access to free employee-only coverage through our Cigna HSA PPO plan.
