What you need to know
PayPal benefits are designed to help you support yourself and your family, so you can take care of what matters most. Here's what's new for 2022.
Top things to know about your 2022 benefits
- PayPal will cover the medical, dental, and vision cost increases for 2022. This means that the paycheck contributions for coverage will not change in 2022—unless you made a new plan selection during Annual Enrollment. View your 2022 paycheck contributions.
- You’ll see some changes to your UnitedHealthcare (UHC) prescription drug coverage. CVS Caremark will remain the pharmacy benefit provider; however, there are some changes to the prescription coverage list. Be sure to review these changes to understand what they mean for you.
- Ready to grow your family? Progyny fertility benefits (available to UHC plan participants) and our enhanced adoption and surrogacy assistance enhanced benefits can help.
- In 2022, you can add Calm, the No.1 mindfulness and sleep support app, to your well-being toolkit. Provided to all PayPal employees at no cost, Calm can help improve your health and happiness so you can be your best!
- Due to low utilization, we will discontinue the following benefits: meQuilibrium and Real Appeal. Don't worry, you have access to mindfulness and weight loss programs in your PayPal benefits well-being toolkit!
Prescription drug changes
CVS Caremark will continue to be the pharmacy benefit provider for UHC medical plan participants. The following changes will apply to your CVS Caremark prescription drug coverage beginning January 1, 2022.
Shift to a standard formulary
A formulary is a list of generic and brand-name prescription drugs covered by your pharmacy plan. Some prescription drugs may no longer be covered, but alternatives will be offered, and may cost less money. If your doctor prescribes a drug that is not on the standard formulary but is clinically necessary, your provider can request an authorization to CVS. If you fall into this category, CVS will connect with both you and your healthcare provider to discuss transition options.
What is a formulary?
- Lists commonly prescribed medications covered by your plan’s pharmacy benefit
- Identifies the medications available for certain conditions and organizes them into cost levels or tiers
- Shows you whether there are medication exclusions or other requirements, such as prior authorization and step therapy, that may affect how medications are covered
Does my prescription require a Prior Authorization (PA)?
Check the Medications Requiring Prior Authorization List and if you are currently using one of the drugs requiring prior authorization for medical necessity, ask your doctor to choose one of the generic or brand formulary options listed.
What prescriptions are covered under my plan?
To find out whether your medication is covered:
- Visit caremark.com or call CVS Caremark customer care at 1-844-287-1297.
- Download the formulary or view on the CVS Caremark app.
- Use the Check Drug Cost tool. You’ll instantly see if a specific prescription is covered under your plan. And if it is no longer covered, you’ll see how much the prescription will cost.
Compare costs. Save money.
Use the CVS Check Drug Cost tool to see what you’ll pay in 2022 and if there’s a lower-cost alternative available.Use the tool
New dispense-as-written requirement
In 2022, if you fill a prescription for a brand drug when a generic is available, you’ll pay the difference between the brand and generic prescription drug cost (including copay), unless the brand drug is clinically necessary. In this case, your provider can request an authorization to CVS.
Specialty prescription discounts affect deductible
Manufacturers often provide copay cards to patients to help cover the very high cost of specialty drugs. What does this change mean for you? If you’re prescribed a specialty drug and use a manufacturer copay card to help offset the cost, the dollar value of the manufacturer copay card will no longer count toward your medical plan deductible.
Enhanced vision plan
VSP has added the Walmart retail vision network to the VSP network, giving you more value, top brands at low prices, the latest styles, free in-store pickup, and free shipping on qualifying purchases.
Enhanced fertility benefits and adoption and surrogacy assistance
Now you can receive up to three Smart Cycles of bundled fertility services through Progyny, including all necessary diagnostic testing and the latest technology (such as PGT-A, ICSI, etc.), so you don’t have to worry about running out of coverage in the middle of your treatment cycle. Plus, more covered fertility options, including sperm and egg donations.
Be reimbursed even more (up to $25,000 per child) when you adopt or use a surrogate using PayPal’s adoption and surrogacy reimbursement policies.
More support for the whole you
Your well-being journey is unique. That’s why we’ve focused on adding valuable benefit programs and resources, so you can tailor a personalized program to support your unique needs and goals.
Sleep better, lower stress, and reduce anxiety with Calm
Introducing Calm, the No. 1 app for mindfulness and relaxation to help you lower stress, reduce anxiety, sharpen focus, and improve sleep. Starting in 2022, you and your family members will have unlimited and free access to Calm, including:
- The Daily Calm with a new mindful theme every day
- More than 100 guided meditations
- Sleep Stories to help you drift into better sleep
- Music to help you relax and reduce stress
- Video lessons on mindful movement and gentle stretching
With Calm in your well-being toolkit—along with the Employee Assistance Program, Vida health coaching, and Ayco financial coaching—you’ll have unlimited access to wellness experts who can support you during every stage of your wellness journey.
meQuilibrium and Real Appeal no longer will be offered
As of January 1, 2022, PayPal is discontinuing these programs due to their very low utilization rates. We made this decision because we offer other, more robust benefits to support you, including:
- Fitness and health resources, including Vida health coaching and dietitians for physical well-being and weight-loss support
- Calm for mindfulness, stress, and sleep support
More money for you in 2022
Depending on which medical plan you’re enrolled in, you have access to contribute to a Health Care Flexible Spending Account (FSA) or Health Savings Account (HSA). You may also receive a Health Reimbursement Account (HRA). You can use the money you save in these accounts to pay for eligible medical, dental, vision, prescription drug, and some over-the-counter expenses.
New! Personal protection equipment (PPE), such as face masks, hand sanitizer, and sanitizing wipes, are now eligible for reimbursement through your HSA, FSA, or HRA.
Save pre-tax dollars for retirement
Contribute up to $20,500 (or $27,000 if age 50+) to your 401(k). Plus, you also get free money from PayPal! Enroll now to start saving for your retirement.
Health Care FSA
Contribute up to $2,750 (pre-tax) to your Health Care FSA in 2022. Plus, you can carry over up to $550 next year (there’s no rollover option with the Dependent Care FSA).
Health Savings Account (HSA)
If you enrolled in the UnitedHealthcare CDHP, you can save up to $3,650 if you have employee-only coverage and $7,300 if you have employee + family coverage in your HSA. Plus, if you’re age 55 and older, you can contribute up to $1,000 in catch-up contributions. PayPal also contributes to your account—$500 for employee-only coverage or $1,000 for employee + family coverage. Use the money to pay for eligible medical expenses now, save the money for expenses in the future, or invest the money to grow your savings—all tax-free.
If you enrolled in the CDHP with HSA, the Health Care FSA becomes a “limited-purpose” FSA that you can use to reimburse yourself for eligible dental and vision expenses.
Health Reimbursement Account (HRA)
If you enrolled in the UHC $300 Deductible Plan, you can now pay for eligible dental and vision expenses with your Health Reimbursement Account (HRA). PayPal will open your account and deposit $300 if you have employee-only coverage or $900 if you have employee + family coverage.
FSA — HSA — HRA: What's the difference?
Find out more about how these accounts compare.Learn more