Ready, set…invest

As you consider your health and wellbeing benefits during Open Enrollment, this is also a good time to review the benefits available to help you set your financial goals and invest in your future.

 

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Benefits to enroll in now

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Benefits to use or enroll in anytime

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Benefits for director level and above

Benefits to enroll in now

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Health Savings Account (HSA) with higher contribution limits

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In 2022, the maximum you can contribute to your HSA under IRS rules is increasing to $3,650 for individuals and $7,300 for families. The catch-up contribution limit if you’re 55 or older remains $1,000.

When you have a balance of over $2,000 in your account, you can invest the extra money. Your contributions, investments, and interest earnings are federal tax-free—a triple tax benefit.

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Dependent Care Flexible Spending Account (DCFSA) with an Adobe gift

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Adobe will continue to contribute up to $1,200 to a Dependent Care FSA if you choose to have one.

If you wish to receive the Adobe gift and not add any funds of your own, you must enroll in the DCFSA and enter $0 for your contribution amount. If you would like to contribute your own funds to your account, don’t forget about Adobe’s contribution. For example, to reach the IRS maximum of $5,000, enter $3,800 for your contribution amount, and Adobe will add the remaining $1,200. (The current $5,000 limit may change, depending on evolving COVID-19 legislation. DCFSA participants will be notified if any changes are implemented for 2022.)

Remember to use the money in your account, since you’ll forfeit what you don’t use. Claims for expenses incurred during the plan year must be submitted by May 31 of the following year.

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Health Care Flexible Spending Account (HCFSA) with higher contribution limits

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In 2022, the maximum you can contribute to your HCFSA is going up to $2,850, aligned with IRS guidelines.

Remember to use the money in your account, because you’ll forfeit what you don’t use. (Note: Claims for HCFSA expenses incurred in 2021 must be submitted by May 31, 2022.)

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Life and accidental death and dismemberment (AD&D) insurance

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Your current supplemental life and AD&D insurance elections will automatically carry over for 2022. However, Open Enrollment is a good time to review your coverage and make any changes based on your current needs. You can increase your own coverage up to a certain amount without evidence of insurability (EOI). In addition, you can purchase coverage for your spouse or domestic partner (EOI is required at certain amounts) and children.
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Legal assistance and digital estate planning

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If you sign up for a MetLife legal plan, you’ll have access to an online portal providing instant search for nearby attorneys and digital estate planning. You’ll also get four hours of legal advice with no added cost toward any uncovered topic (e.g., property tax assessment, buying or selling a second home, bankruptcy). You can also elect to add your parents to this plan.

Benefits to use or enroll in anytime

Child care through Bright Horizons

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Bright Horizons provides 20 days of temporary backup child and elder care, support for children who need extra help, and college guidance. Learn more on the Personal and family services page.

TravelConnect travel assistance services

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Personal travel assistance services are available automatically through your Lincoln Financial basic life and AD&D insurance coverage. The TravelConnect program supports you and your loved ones when you’re 100 miles or more from home with 24/7 emergency medical and travel assistance, the recovery of lost or stolen documents or luggage, medical record requests, legal referrals, emergency pet services, and more.

Identity protection benefits

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If identity protection is on your to-do list, Adobe has two benefits you can enroll in anytime.

  • My Secure Advantage (MSA) provides free identity and credit monitoring, access to your credit report and credit score, and recovery services year-round. Learn more.
  • Fond, our employee discount administrator, offers 30% or more off ID theft protection through IDX. Get details on the Fond site.

401(k) retirement plan

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For each $1 you add as pretax or Roth after-tax contributions to your 401(k), Adobe will contribute 50 cents, up to 6% of your eligible pay, each pay period. If you contribute more than 6% of your pay, Adobe matches 3% of your annual compensation, up to the IRS-eligible annual compensation maximum.

Remember, even if you’re already hitting the IRS maximum for pretax and Roth contributions, you have the option to make after-tax contributions, which can be converted to Roth.

You can enroll or change your contributions anytime.

Additional financial benefits

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Adobe offers other financial benefits, including student loan refinancing, a 529 educational savings plan, financial wellness coaching, budgeting tools, and other resources to help you manage your money and plan for the future.

For director level and above

If your position at Adobe is director level or above, Open Enrollment is the time to enroll in the voluntary deferred compensation plan (DCP), which allows participants to put eligible compensation into a tax-deferred vehicle.

If you’re eligible and would like to enroll, visit the DCP enrollment site (SSO) between November 1 and 12.

Even if you previously enrolled in the DCP, you need to enroll again—your elections do not automatically roll over from year to year.

Next: Select your benefits for 2022

Once you’ve decided what’s right for you, it’s time to enroll in your benefits.