Welcome to 2027 Open Enrollment
November 12th to November 23rd
Open Enrollment gives you the opportunity to take a fresh look at your coverage and make sure your benefits still fit your needs for the year ahead. We’ve made several updates for 2027, so take a few minutes to see what’s changing and explore your options before you enroll.
1. Attend an Open Enrollment Education Session or watch the recording available after November 12th.
2. Review and compare all available plan options, then make your enrollment decisions.
3. Submit your Open Enrollment Elections in Workday by 11:59 p.m. PST, Monday, November 23rd.
What You Need to Do
WHAT’S CHANGING IN 2027
1. Specialized is covering most of the Anthem medical premium increase. Healthcare costs continue to rise across the market, and we know that affects everyone. While you’ll see a slight increase in your medical premiums for 2027, Specialized is absorbing more than 85% of the total increase to lessen the impact on you. Plan designs are staying the same.
2. Kaiser medical premiums are increasing. Because Kaiser is a fully insured plan, Kaiser determines the cost of coverage through its annual renewal process, giving Specialized less flexibility over year-to-year cost changes. This differs from our Anthem plans, where we have greater flexibility to manage how rising healthcare costs are shared. If you’re currently enrolled in Kaiser, review the new rates alongside your other medical plan options to make sure it continues to be the right fit for you and your family.
3. Upgrade! Expanded vision coverage with Eyemed 360+. You’ll still have EyeMed, but you’ll have access to better in-network member costs when you visit PLUS providers.
4. Upgrade! Your Accident Insurance is getting even better. You’ll pay less in monthly premiums while gaining access to higher cash benefit payouts for covered accidents. This means better financial protection at a lower cost.
5. New! Hospital Indemnity Insurance. This new voluntary insurance plan provides cash benefits when you experience a covered hospital stay. The benefit is designed to help with expenses your medical plan may not cover, giving you an additional financial cushion when you need it.
6. IRS-mandated increase to the Anthem HDHP plan deductible. The Anthem HDHP plan in-network deductible is increasing to $1,750 for Individual coverage and $3,500 for Family coverage.
7. You can contribute more to your HSA & FSA. Higher contribution limits mean you can maximize your HSA and FSA savings in 2027.
Need help choosing the right medical plan for you?
Review our 2027 medical plans in full and compare differences side by side with our interactive tool.
If you would like to talk to a Healthcare Advocate for recommendations and advice, call 844-798-5851.
On Demand Care
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On Demand Care 〰️
No Commute. No Waiting Room.
Access to quality virtual Primary Care Providers, Urgent Care, Behavioral Health, and Allergists through LiveHealth.
Scan the QR code to download the LiveHealth app today!
Bruises Heal. Your Budget Should Too.
Accident Insurance starting at $75/year
One unexpected tumble, wipeout, or trip to urgent care can leave you with an unexpected bill. Accident insurance is an affordable way to add another layer of financial protection.
Receive cash based on the eligible injury and treatment received. Use the money however you need it.
Meet Collective Health
Your Team of Healthcare Advocates
Specialized partners with Collective Health to provide you with healthcare advocates that can assist you with questions related to your healthcare plan.
Unsure which medical plan is right for you?
Need help finding an in-network specialist?
Prefer to access virtual ID cards on your phone?
Need help with claims management?
Want easy access to view your deductible balance for the year?
FAQs
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Open Enrollment is your annual opportunity to review and select your benefits for the upcoming calendar year, including health insurance, dental, vision, and other offerings.
It's also when we introduce updates to our benefits programs.
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Open Enrollment is from Thursday, November 12th to Monday, November 23rd at 11:59 p.m. PST.
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Log in to Workday and navigate to your open task titled “Open Enrollment Change.”
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If you take no action during Open Enrollment, your current benefit elections will automatically roll over to 2027, except for your Flexible Spending Accounts (FSA) or Health Savings Account (HSA) contributions.
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If you miss the Open Enrollment deadline, your current benefit selections will automatically roll over into 2027, except for your HSA & FSA contributions.
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Outside of Open Enrollment, you can make changes to your benefits within 30 days of a Qualifying Life Event (QLE).
A qualifying life event is a significant change in your life that allows you to make benefit changes outside of Open Enrollment. Examples include getting married or divorced, having or adopting a baby, losing other health coverage, or experiencing a significant change in employment status. -
Consider your anticipated healthcare needs, current medications, preferred doctors, and budget.
We encourage you to visit Collective Health’s 2027 plan comparison tool to view a side-by-side comparison of your healthcare plan options at Specialized. If you would like to talk to an Advocate for recommendations and advice, call 844-798-5851. -
Visit Collective Health’s portal to view a side-by-side comparison of your healthcare plan options at Specialized.
You may also reference each plan’s Summary Plan Description (SPD) and Summary of Benefits & Coverage (SBC) on our Annual Compliance Notices page.
If you would like to talk to an Advocate for more information, call 844-798-5851. -
Yes! You may enroll your domestic partner in your medical, dental, and vision benefit plans.
Click here to navigate to Confluence for more information on adding a domestic partner to your benefits. -
All 401(k) contribution election updates are made directly through Fidelity’s member portal.
You can make changes to your 401(k) contribution elections at any time throughout the year.
All 401(k) updates made through Fidelity take effect in 1-2 pay periods. -
Dependent children can remain on your coverage until they reach age 26, regardless of their student status, marital status, or employment.
In some cases, a dependent child may remain on your insurance after age 26 if, for example, they are medically disabled. -
An Health Savings Account (HSA) is available only with the Anthem HDHP plan. Funds in your HSA roll over year to year, and is yours to keep even if you leave the company.
If you are enrolled in the HSA, Specialized will contribute the following amount into your account each year:
Individual: $750
Family: $1,500
A Flexible Spending Account (FSA) is a use-it-or-lose-it account for healthcare or dependent care expenses that requires annual re-enrollment.
Specialized does not make contributions to your FSA. -
All unused funds in your HSA will roll over from year to year.
The Healthcare FSA allows you to roll over up to $700 of unused funds at the end of 2027.
You cannot rollover unused funds in your Dependent Care FSA at the end of the year. -
After you have finalized and submitted your elections, you can view your 2027 Benefits Statement to print a copy of your elections for reference.
Your new benefit elections will be visible in Workday on the Benefits tab effective January 1, 2027. -
For general Open Enrollment questions or Workday support, please reach out to hr@specialized.com.
If you have more specific and personal questions regarding your benefits, please connect with a Healthcare Advocate through Collective Health at 844-798-5851.