What’s new for 2019

What you need to know

Our benefits are designed to be there when you need them. See how you can get even more from PayPal’s benefits next year. The Benefits Annual Enrollment period is November 5–16, 2018. Use this time to review your current benefits and update them for next year. Well-being matters. Make the most of yours.

Annual Enrollment checklist

Follow these steps to enroll in or make changes to your benefits November 5–16, 2018.

Enroll from November 5–16, 2018

1. Visit Your Benefits ResourcesTM (YBR), and create a user ID and password (if you’re new or haven’t already). Click “Are you a new user?” and follow the prompts to create a user ID and password.

2. If you forget/need to reset your password or retrieve your user ID, click “Forgot User ID or Password?”

3. For your security, you will be prompted to update your login information and password if it’s been a while since you last accessed your YBR profile.

@Work Log In

Don’t miss out!

If you don’t take action by November 16, you will have the same plans as before. The only exception is with the Flexible Spending Accounts (FSAs). If you want to continue your FSA, you must re-enroll and choose your 2019 contribution amounts.

Got goals? Reach them with Vida’s wellness coaching

Vida is a wellness coaching program that offers you a network of coaches and experts to help you achieve your wellness goals. No matter what your goal is—managing stress, eating better, or getting fit—Vida is your first stop for total well-being. 

Why would I use it?

The Vida secure mobile app gives you ongoing guidance and support, interactive resources, and progress-tracking tools to keep you motivated. Plus, Vida coaches and experts will recommend PayPal resources and benefits that are also available to you. And it’s offered to all U.S. employees, spouses/partners, and dependents age 18 and older at no cost!

A solution for your New Year’s resolutions! Connect with a Vida coach starting January 1. Keep your eye out for more details early next year.

Medical plan changes to help you live your healthiest life

We’re committed to providing quality health coverage to our employees. With that in mind, you’ll see enhancements to our health plans to give you and your family the comprehensive coverage you need.

UnitedHealthcare (UHC)

Kaiser Permanente HMO (California)

Get more from the dental and vision plans

Benefits Annual Enrollment is your opportunity to choose between the Core and Enhanced dental and vision plans. Take time to review your options and select what’s right for you.

Delta Dental members can receive additional care through SmileWay if you have an ongoing health condition such as diabetes, heart disease, HIV/AIDS, rheumatoid arthritis, or stroke. Receive up to 4 of the following procedures (any combination) covered at 100%: teeth cleaning, periodontal maintenance, and scaling (if you have gingival inflammation). Starting January 1, log in to Delta Dental, and opt in to SmileWay to get started. 

VSP Vision members will see the following enhancements in 2019:

  • Both the Core and Enhanced plan options will now fully cover standard progressive lenses. There’s no copay for standard progressive lenses, including new digital lenses called Ethos. You’ll continue to pay a copay for premium progressive lenses.
  • The Enhanced Plan will have a few new improvements, such as:
    • Blue-light-blocking/anti-reflective coating on glasses to protect your eyes from the harmful effects of blue light. You’ll pay a $40 copay for this benefit.
    • Non-prescription sunglasses through the SunCare benefit. You can use your frame allowance toward ready-to-wear, non-prescription sunglasses from a VSP doctor.

Health Savings Account and Flexible Spending Accounts

Save more in your Health Savings Account!

Enrolled in the UHC Consumer Directed Health Plan (CDHP) with Health Savings Account (HSA)? Or thinking about enrolling? The CDHP offers lower paycheck costs but higher deductibles.

The plan also comes with an HSA that PayPal gives you free money to use for current or future health care expenses. And next year, we’re sweetening our contribution: $500 for employee-only coverage and $1,000 if you cover dependents.

Plus, you can sock away even more next year: up to $3,500 for employee-only coverage and $7,000 if you cover dependents in 2019. Save an additional $1,000 if you are age 55 or older. Keep in mind, this includes both your and PayPal’s contributions.

The maximum total annual contribution (both yours and PayPal's) to the HSA is $3,500 for employee-only coverage and $7,000 if you cover dependents in 2019. You can contribute an additional $1,000 if you are age 55 or older.

Considering the CDHP with HSA? Learn more about what makes the HSA so great.

Flexible Spending Accounts require action!

A Flexible Spending Account (FSA) is another tool to help you manage your health care and dependent care expenses. Your pre-tax contributions can be used to pay for eligible expenses, such as doctors' visits, prescription drugs, child care, and more.

If you want to participate in a Flexible Spending Account (FSA), you must enroll or re-enroll for 2019. You can contribute up to $2,650 pre-tax to your Health Care FSA next year. Remember, you can carry over up to $500 in the Health Care FSA but not the Dependent Care FSA, so plan carefully when deciding how much to contribute.

Non-exempt employees: PayPal contributes an additional 15% to your Dependent Care Flexible Spending Account, up to $652 each year. The IRS maximum contribution amount is $5,000, including both yours and PayPal’s contributions.

KEEP IN MIND: If you have an HSA, your Health Care FSA becomes a limited-purpose FSA that can only be used for eligible dental and vision expenses. Learn more about the Health Care FSA and HSA.

Life insurance changes and reminders

Annual Enrollment is the ideal time to think about what matters most and whether you have enough protection. View new rates and coverage options when you enroll. A few things to note for next year:

Get help creating simple wills and preparing final arrangements from EstateGuidance® at no cost to you!

Regardless of age, you’ll now be insured for the full amount of your optional life insurance policy. If you’re age 65 or older, you’ll no longer see a reduction in your coverage.

Take this time to update your life insurance and AD&D beneficiaries on Your Benefits Resources™ (YBR).

More ways to save for retirement

Starting in January, you’ll have another way to save for retirement: after-tax contributions to the PayPal 401(k) Savings Plan. After-tax contributions allow you to save above and beyond what you can save in pre-tax and Roth contributions. Take a look at how after-tax contributions compare to pre-tax and Roth contributions.

Pre-tax contributions

Roth contributions

After-tax contributions

Questions?

Attend an Annual Enrollment Benefits event where you can meet with plan representatives. Or contact Your Benefits ResourcesTM (YBR) Monday through Friday from 5 a.m. to 6 p.m. Pacific Time.

Phone: 844-474-6641

Chat: ybr.com/benefits/paypal

Important message for Health Net HMO members

Starting January 1, 2019, the Health Net HMO medical plan will no longer be available to PayPal employees residing in Arizona. Health Net is exiting the employer market in Arizona and will no longer offer its plans to any employer, including PayPal.

For 2019, PayPal will continue to offer medical coverage in partnership with UnitedHealthcare (UHC) through the $300 Deductible plan and the Consumer Directed Health Plan with Health Savings Account (CDHP with HSA). Both are Preferred Provider Organization (PPO) plans. You can see doctors inside or outside the PPO provider network, but you’ll pay a higher percentage of charges (known as coinsurance) if you see providers outside the network. As a PPO medical plan member, you get maximum benefit coverage when you use physicians and hospitals that are in the PPO network.

Learn more about the UnitedHealthcare plans available to you. View the 2019 U.S. Benefits Annual Enrollment mailer.

Read now

Top 5 things to know

Health Net HMO members: You MUST take action during Annual Enrollment

If you don’t take action by November 16, you will be defaulted into the $300 Deductible medical plan, as well as the Core dental and vision plans, covering the same dependents you currently cover. You also won’t be able to participate in the Flexible Spending Accounts (FSAs). If you want to continue your FSA, you must re-enroll and choose your contribution amounts.

HSA vs. HRA vs. Health Care FSA: What’s the difference?

Which medical plan does it pair with?

Who administers it?

Who contributes money to it (and how much)?

How much can you contribute in 2019?

What can I use it for?

Do I pay taxes on my contributions?

Do I have to use the funds each year?

Keep in mind: You can have both a Health Care FSA and Health Reimbursement Account (HRA). However, you cannot have a Health Care FSA and Health Savings Account (HSA), according to IRS rules. You can only have a limited-purpose FSA if you have an HSA and use your FSA to pay for eligible dental and vision expenses.

2019 Employee contributions

We’re pleased to announce we’re keeping many of your paycheck contributions the same, with a slight increase for others.

View your 2019 contributions.