Open Enrollment

As costs for health care continue to rise across the country, Seagate is absorbing most of the increases to do our best to keep coverage affordable. However, employee biweekly contribution rates for our medical plans are increasing for 2027. You will also see very slight increases to our dental coverage. However, we are pleased to announce that rates for vision and life insurance remain the same (and in the case of vision, even slightly lower).

2027 Medical Plan Biweekly Employee Contribution Rates

If you are taking a GLP-1 medication for weight loss, Seagate will continue to cover the cost of your medication. However, beginning January 1, 2027, GLP-1 medications for weight loss will require Virta Health enrollment for the medication to be covered. Virta offers personalized nutrition and lifestyle support and health coaching to help you manage your weight and GLP-1 treatment. You must maintain your enrollment in Virta while you’re taking the medication. To enroll, visit Virta, then click Join Now to see if you qualify.

Health Savings Account (HSA)

If you enroll in the HDHP medical plan for 2027, you are eligible for a Health Savings Account (HSA). New for 2027: The minimum annual contribution amount to an HSA is $260. 

The IRS has increased the maximum contribution amount in 2027 to $4,500 for individuals and $9,000 for families. This means that, in addition to the contribution Seagate makes to your HSA, you can save a bit more, including catch-up contributions if you are or will be 55 or older in 2027. You must enroll to contribute to your HSA in 2027, even if you were enrolled in 2026.

2027 IRS Health Savings Account Contribution Limits*

Important note for Medicare enrollees: Per IRS regulations, Medicare enrollees may not contribute to an HSA. If you enroll in Medicare, you must discontinue all HSA contributions by waiving coverage in the new enrollment system. For more information, please refer to the Medicare and the Health Savings Account document.

Flexible Spending Accounts (FSAs)

Health Care and Dependent Day Care Flexible Spending Accounts

A Flexible Spending Account (FSA) lets you pay for qualified health care and dependent day care expenses with pretax dollars, which reduces your taxable income. You must enroll if you want to participate in an FSA in 2027. Your current 2026 FSA election will not carry over to the new plan year.

• Health Care FSA: If you are not contributing to a Health Savings Account, you can contribute up to $3,400 for 2027.
• Limited Purpose FSA: If you are contributing to a Health Savings Account, you can contribute up to $3,400 in a Limited Purpose FSA for 2027. This type of FSA may be used only for qualified dental and vision expenses, so you can reserve your HSA funds to meet your annual medical deductible.
• Dependent Day Care FSA: The annual contribution limit for Dependent Day Care FSAs is $7,500 (or $3,750 for married individuals filing separately). Set aside pretax dollars to pay for day care for dependent children up to age 13 or elder care expenses for your IRS-qualified dependents.

Important FSA Considerations

• If you have a remaining balance in a Health Care or Limited Purpose FSA at the end of 2026, up to $680 will be carried over to your 2027 account with HSA Bank. You’ll have until March 31, 2027, to submit your 2026 claims to HSA Bank.
• If you have unused funds in your 2026 FSA at the end of the year, and you do not elect an FSA for 2027, a 2027 carryover account will be set up for you. Up to $680 will be available to use for 2026 and 2027 dates of service. You’ll have until March 31, 2027, to submit your 2026 claims, and until March 31, 2028, to submit your 2027 claims. Please note: You will not be eligible to contribute to a carryover account.
• FSA carryover does not apply to the Dependent Day Care FSA. Per the IRS, the Dependent Day Care FSA remains a use-it-or-lose-it account.

Commuter Benefits

With commuter benefits, you can use pretax payroll deductions to cover mass transit and parking expenses. You can contribute up to $340 per month per account for 2027.

Important Commuter Benefits Considerations

• Your full 2026 commuter benefits account balance will carry over to 2027 if you elect to participate for 2027.
• You can elect to participate in Commuter Benefits from month to month, and your commuter election will remain in effect during the current calendar year until you change it.

Long Term Care enrollment is now part of annual Open Enrollment. Don’t miss this special opportunity during this Open Enrollment period only: Eligible employees through age 70 can enroll with no medical exams or questions asked. Visit the AGIS Network site to explore plan options, view rates, access educational resources, and apply online.

Be sure to attend an on-site benefits fair to hear from our vendors and get answers to your most pressing benefits questions.