2025 Open Enrollment

Go Get It

Open Enrollment: November 4–18, 2024

Your benefits are here to help you. You have the power to decide when and how to use the wealth of options available to support your holistic health and wellbeing in 2025.

This year, we have an e-Brochure that includes everything you need to know about Open Enrollment 2025.

Open Enrollment is your annual opportunity to review and manage your benefits for the coming year. Open Enrollment begins on Monday, November 4 and ends at 5 p.m. PT on Monday, November 18. There are no exceptions. The choices you make during open enrollment are effective January 1, 2025.

2025 Highlights | How to Enroll in 2025 Benefits | Resources | The Fine Print

2025 Highlights

Be sure to review the e-Brochure for details about what's new and changing in 2025.

Nutanix remains committed to offering a rich, ever-evolving benefits package that positions us as a top employer. While U.S. healthcare costs continue to rise across the industry, including for Nutanix, we will not pass these increases on to you.

In April, Nutanix will introduce an approval process for certain medications that will better align our UnitedHealthcare plans with clinical guidelines. This approach will help ensure that everyone is a good steward of the plan, and that you're getting the safest, most effective, and most affordable drugs, at no added cost.

Your Physical Health

• As communicated last April, premiums (paycheck deductions) will apply to your own coverage on any medical plan and tier.
• BeWell wellbeing credits offset your paycheck deductions for your own coverage on a medical plan up to 100% of the premium, based on what you earned plus the 50% Nutanix is automatically providing.
• Your premium costs and credits are displayed in your open enrollment action in Workday.
• Premiums for dependent coverage will not increase in 2025.
• Coming in 2025: Expert Medical Opinion services to support you in the event of a critical illness or diagnosis.
• UnitedHealthcare (UHC) medical plan updates include:
• A new Cancer Support Program providing individualized, white-glove support if facing a cancer diagnosis.
• The CDHP with HSA plan deductible is increasing to $1,650 for employee-only coverage and $3,300 for family coverage.
• Effective in April, we'll be implementing a new approval process in our pharmacy plan with Express Scripts requiring action for certain medications.

Your Financial Health

• We're enhancing the 401(k) Retirement Plan.
• The Nutanix match will increase to $3,000. Nutanix will continue to match 50% of your contributions up to the new match limit.
• The after-tax in-plan Roth conversion plan (aka mega backdoor) contributions will align with the IRS maximum.
• A new 401(k) Student Debt Retirement Program enables you to receive the Nutanix match when you make student loan payments and are unable to contribute toward your 401(k).
• Higher catch-up contributions for employees turning age 60-63 in 2025.
• Auto Portability makes it easier to transfer balances of $7,000 or less from 401(k)s and other qualified plans from prior employers.
• We're updating the Health Savings Account (HSA).
• Nutanix will contribute 50% of your annual CDHP plan deductible to your HSA: $825 for your own coverage or $1,650 if you're covering dependents.
• IRS annual contribution maximums are increasing to $4,300 for employee-only coverage or $8,550 if you're covering dependents (includes your and Nutanix's contributions). At age 55, you can contribute an additional $1,000.
• The annual maximum contribution for the Healthcare Flexible Spending Account (FSA) and the Limited Purpose FSA will increase to $3,200 each. The Dependent Care FSA limit remains $5,000. You must re-enroll in these each year. Remember that flexible spending accounts are use-it-or-lose-it accounts and the balance does not carry over year over year.

Your Emotional Health

• When you engage in BeWell during 2025, you can earn wellbeing credits to help offset your medical plan premium costs in 2026. You also earn rewards when you reach each level in the program.
• Use the Headspace Care app to access additional mindfulness and meditation content.
• UHC members can now use the Calm app to take advantage of programs and tools designed to support your mental health and wellbeing. Kaiser members already have access to Calm.

How to Enroll in 2025 Benefits

Your Nutanix benefits evolve from year to year, so it's a good idea to explore your options first. Here's how:

• Consider your needs for next year, especially the expenses you know in advance. Planning a surgery? Expecting a child? These could affect which plan makes the most sense for you in 2025.
• Help yourself. Start with the 2025 Open Enrollment e-Brochure. Inside, you'll find details about what's new, an overview of how the medical plans stack up, and what to consider as you make your 2025 elections.
• Learn more
• Attend a webinar or Q&A session.
• Onsite San Jose Benefits Fair: Wednesday, November 6, 2024, 10:30 a.m. to 2:30 p.m. PT
• 2025 Virtual Benefits Fair available anytime.
• Ask questions one-on-one: Contact MyAdvocate for help with specific questions to help you as you determine which option is the best for you and your family, or reach out to the Global People Services (GPS) team by opening a case through the People Portal or through X-Bot on Slack.
• Review your benefits and take action. To enroll, log in to Workday and select Inbox > Open Enrollment Change in the top right corner. Your name will also appear. Be sure to verify your life insurance beneficiary designations while you're at it.
• Remember to hit the Submit button and print your confirmation statement!

Don’t let enrolling slip your mind

If you don't enroll by 5 p.m. PT on Monday, November 18, you and any dependents you currently cover will be re-enrolled for 2025 in the same benefits as this year, but you'll miss out on contributing to an FSA. Your next opportunity to make updates will be next year during open enrollment, or midyear only if you experience a qualified life event.

Resources

Get in touch

Contact MyAdvocate for help with specific questions to help you as you determine which option is the best for you and your family, or contact Global People Services (GPS) by opening a case on the People Portal or through X-Bot on Slack.

The Fine Print

If you want to take a deep dive, our health plan partners provided detailed documents explaining coverage under each plan. Each document below is updated for 2025.