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At Intuit, our commitment to you runs deep. This is reflected in our award-winning, industry-leading benefit programs and resources designed to support your holistic well-being. While other employers may be rolling back their investment in benefits or passing along cost increases to employees, this year we’re choosing to invest even more in:

Unless otherwise noted, the changes below are effective August 1, 2023.

If you don’t take action during annual enrollment, your current benefit elections will continue—except for your Health Care and Dependent Care Flexible Spending Accounts (FSAs). Per IRS guidelines, you must enroll in these plans each year.

For a more detailed, side-by-side look at important plan features and covered services, refer to the FY24 plan snapshot.

Investing in your financial well-being

Your paycheck deductions for medical, dental, and vision coverage will stay the same

While health care costs continue to rise year-over-year, Intuit is continuing to invest in your financial well-being by keeping your medical, dental, and vision paycheck deductions the same, unless you elect a different coverage tier.

For a side-by-side comparison of your FY24 benefit plans, including what the plan covers and how much you’ll pay for services, take a look at the FY24 plan snapshot.

Intuit is picking up the recordkeeping fees you’ve been paying in your 401(k) Retirement Plan

Save more by paying less. Most 401(k) plan participants pay a small amount to cover recordkeeping fees—such as tracking your 401(k) balance, investments, employer contributions, and more. These fees are typically deducted from your Intuit 401(k) Retirement Plan balance each quarter.

Starting October 1, 2023, Intuit will pay these fees so that you don’t have to. Over time, these savings can add up to a significant amount for your retirement. Helping you save for your retirement is another way Intuit’s exceptional benefits are leading the industry.

You’ll pay less for optional life and accident insurance

The amount you pay for optional life and accident insurance is decreasing.

As a reminder, Intuit automatically provides $50,000 of both basic life insurance and accidental death insurance at no cost to you. During annual enrollment, you can choose to purchase additional coverage for yourself and your dependents.

Special opportunity to elect more life insurance without providing evidence of insurability (EOI)

As a special option during this year’s annual enrollment, you can choose to elect up to $250,000 (in increments of $50,000) in additional life insurance for yourself and up to $50,000 for your spouse (in increments of $25,000) without providing evidence of insurability (EOI) to the insurance company.

Investing in your health

More personalized support through your Intuit medical plan carrier

We’re offering more personalized support through your Intuit medical plan carrier, Cigna.

Effective August 1, 2023, you’ll have more direct access to Cigna to get the care you need, when and how you need it. Think of Cigna as your own personal advocate to help you navigate the health care system. You can call Cigna for help with finding in-network doctors or specialists to avoid unnecessary costs, get answers to questions you may have about the plan or provider networks available to you, learn about wellness, condition management programs, and online tools.

While more information about your health care advocates will be available in July, we encourage you to reach out to Cigna directly during annual enrollment. Use the preenrollment contact information below:

  • Call 888-806-5042, 24/7, or visit Cigna.

Be on the lookout!

If you’re currently enrolled or choose to enroll in Intuit’s medical plan during annual enrollment, you’ll receive a new medical ID card in the mail to use beginning August 1. This ID card will include the dedicated phone numbers for our Cigna advocacy support services.

Personalized solutions for diabetes, hypertension, and weight management

Being healthy is something we all aspire to. And you’ve said that you want more targeted resources to support your well-being—especially if you’re battling certain health conditions or struggling to maintain a healthy weight. For FY24, we’re introducing specialized solutions to help you tackle many common health conditions (subject to eligibility requirements).

Diabetes and hypertension

Cigna’s Omada Complete Program is a digital care program that empowers you to achieve your health goals through sustainable lifestyle changes. The program can help you lose weight (and keep it off), build strategies for healthy eating, activity, sleep, and stress management, and reduce your risk of developing type 2 diabetes and cardiovascular disease—one step at a time. If eligible, you’ll have access to one-on-one coaching, a personalized health plan, tools for managing stress, an online peer group and community, and a smart scale to track your progress. Visit Cigna to learn more.

Weight management

If you’re enrolled in an Intuit Cigna medical plan, you’ll have access to a weight management program that allows you to track and achieve your weight loss goals through:

  • One-on-one support with a health advocate through telephonic coaching
  • Personalized health plans
  • Digital tools and resources

Visit Cigna to learn more.

Specialized support for menopause

We’re expanding the services available through Maven to include specialized support for menopause. Maven’s menopause journey fills gaps in menopause care by helping you identify symptoms early and by providing unlimited access to specialists, vetted content, and mental health support. This includes:

  • 24/7/365 virtual access to menopause specialists
  • Dedicated mental health support
  • Clinically validated menopause education

You and your dependents enrolled in an Intuit medical plan are eligible to enroll, at no additional cost.

Introducing a new pelvic health program through Hinge Health

Get personalized support for your pelvic health. The program is designed to support your unique musculoskeletal needs by offering pelvic floor physical therapy at all stages of life, including pregnancy, postpartum, and menopause.

You and your dependents who are age 18 or older and are enrolled in an Intuit medical plan are eligible to enroll at no additional cost.

Extended COVID testing and treatment

You’ll continue to pay nothing for testing and treatment. We’re extending our 100% coverage for COVID testing and treatment to the end of FY24 (July 31, 2024).

Investing in families

New resources for working parents

For FY24, we’ve also added the Parenting & Pediatrics journey through Maven. Through this journey, working parents have access to personalized digital parent coaching and a specialized pediatric care platform in the palm of their hands. Services include:

  • Concierge-level navigation to all other Intuit benefits and community resources.
  • 24/7 virtual access to specialists who serve both parent and child, including relationship counselors, occupational therapists, speech language pathologists, and developmental psychologists.
  • Daily curriculum and live classes designed for busy parents and personalized for your unique needs. Topics include live infant CPR classes and how to handle tantrums, identify speech issues, manage sibling dynamics, and understand ADHD.
  • Partnerships with a vetted network of childcare and education partners offering nanny shares, back-up daycare, virtual sitters, live tutors, homeschooling, and full-time daycare.

You and your eligible dependents enrolled in an Intuit medical plan can enroll, at no additional cost.

Expanded legal coverage for family support

We’re expanding the voluntary legal services offered through ARAG to include topics frequently encountered by families, including:

  • Egg/sperm/embryo donation agreement
  • Surrogacy agreement
  • Pre-birth/post-birth parentage order
  • Paid-in-full defense coverage for uncontested child support enforcement
  • 8 hours of defense coverage to support contested child support enforcement

For a full list of covered services, visit ARAG’s website (use access code 17929int). And, if you haven’t already, consider enrolling in legal coverage during annual enrollment.

Investing in time away

Introducing vacation for SelectTime employees

Everyone needs the opportunity to relax, recharge, and renew. That’s why we’re adding a new benefit: up to 40 hours of vacation for all SelectTime employees. Starting August 1, 2023, you’ll have the opportunity to accrue up to 40 hours per calendar year (based on hours worked). More information on this benefit will be provided soon!

IRS updates, reminders, and important deadlines

IRS updates

You can save more in your Health Care Flexible Spending Account (FSA)

The annual maximum you can contribute to your Health Care FSA is increasing from $2,850 to $3,050.

Reminders

Supplemental Sick Time ends July 31

Supplemental Sick Time was introduced as a temporary additional time off benefit during the pandemic so that employees did not come into the office when they or a household member was ill, and for employees who were experiencing symptoms related to a COVID vaccine and couldn’t perform their job from home. It also provided paid time off for employees who were not sick but were directed by Intuit or a local health authority to stay home. This temporary program will end on July 31, 2023.

New medical ID cards are coming in the mail

Be on the lookout! For FY24, all employees enrolled in an Intuit medical plan will receive new ID cards in the mail for use beginning August 1.

Important deadlines

Flexible Spending Accounts (FSAs)

The money you contribute to a Health Care FSA or Dependent Care FSA does not roll over from year to year.

You have until October 31—three months following the end of the fiscal year (July 31)—to submit claims for reimbursement of expenses incurred between August 1 and July 31. Per IRS guidelines, any funds remaining in your FY23 account after October 31, 2023 will be forfeited.

As a reminder, if you’re currently enrolled in an FSA and want to continue to participate in the new plan year, per IRS guidelines, you must take action and enroll during FY24 annual enrollment.