Benefits Open Enrollment for 2024 is now closed. The benefits you elected during Open Enrollment will be effective beginning January 1, 2024.
You cannot change your benefits during the year unless you have a qualifying life event.
New to Rivian?
If you’ve just joined Rivian, remember to complete your enrollment for 2023 first, and then enroll again for 2024.
Health plan changes for 2024
Rivian is committed to offering comprehensive, affordable benefits for you and your family. Based on your survey feedback, we’ve made some changes for 2024 to help control rising healthcare costs for both you and the company. Read on for more information.
The changes are outlined below. Before you enroll, you can also review these resources to help you decide which plan is right for you in 2024:
Blue Shield PPO plan changes
The BSC PPO 1000 plan (formerly the PPO 500)
The BSC PPO 500 plan will be the BSC PPO 1000 plan in 2024. If you’re currently enrolled in the BSC PPO 500 plan, you will be enrolled automatically in the BSC PPO 1000 plan, unless you choose another plan during Open Enrollment.
Your deductible, out-of-pocket maximum and coinsurance are increasing, as shown in this table. All other coverage (including prescriptions) remains the same.
| 2023 BSC PPO 500 | 2024 BSC PPO 1000 | |
|---|---|---|
| In-network copays (no change) | Primary care: $20 Virtual visit: $20 Specialist: $40 | Primary care: $20 Virtual visit: $20 Specialist: $40 |
| In-network annual deductible | Employee only: $500 Family: $1,500 | Employee only: $1,000 Family: $3,000 |
| In-network cost for health care services (after deductible) | You pay 10% | You pay 20% |
| In-network out-of-pocket maximum | Employee only: $3,000 Family: $6,000 | Employee only: $3,500 Family: $7,500 |
New pharmacy benefits manager
In 2024, Blue Shield of California will transition prescription services from Express Scripts to OptumRx.
OptumRx will provide free delivery of prescription medications and 24/7 access to pharmacists. Express Scripts will continue to provide specialty pharmacy services for members with complex conditions.
More information will be provided to Blue Shield members in December. You can see which drugs are covered on the Optum premium drug list. As always, Collective Health is available to discuss your personal prescription situation.
Blue Shield HSA plan changes
The BSC PPO HSA 1600 plan (formerly the BSC PPO HSA 1500)
The BSC PPO HSA 1500 plan will be the BSC PPO HSA 1600 plan in 2024. If you’re currently enrolled in the BSC PPO HSA 1500 plan, you will be enrolled automatically in the new BSC PPO HSA 1600 plan for 2024, unless you choose another plan during Open Enrollment.
To comply with IRS requirements for high-deductible plans that qualify for a Health Savings Account (HSA), the deductibles for this plan are increasing. All other plan features remain the same.
| In-network annual deductible | 2023 BSC PPO HSA 1500 | 2024 BSC PPO HSA 1600 |
|---|---|---|
| Employee only | $1,500 | $1,600 |
| Employee plus dependents | $3,000 | $3,200 |
Changes to Rivian’s Health Savings Account (HSA) contribution
The BSC PPO HSA 1600 and BSC PPO HSA 3500 plans include a Health Savings Account (HSA) to help you pay for eligible health care expenses. Rivian contributes to your account, whether you choose to contribute or not:
| Rivian’s annual HSA contribution | BSC PPO HSA 1600 | BSC PPO HSA 3500 |
|---|---|---|
| Employee only | $250 ($9.62 per pay period) | $750 ($28.85 per pay period) |
| Employee plus dependents | $650 ($25.00 per pay period) | $1,800 ($69.23 per pay period) |
Learn more about the HSA and how you can make the most of your account.
New pharmacy benefits manager
In 2024, Blue Shield of California will transition prescription services from Express Scripts to OptumRx.
OptumRx will provide free delivery of prescription medications and 24/7 access to pharmacists. Express Scripts will continue to provide specialty pharmacy services for members with complex conditions.
More information will be provided to Blue Shield members in December. You can see which drugs are covered on the Optum premium drug list. As always, Collective Health is available to discuss your personal prescription situation.
Kaiser plan changes
If you’re enrolled in the Kaiser plan, you’ll see an increase in your coinsurance, deductible and out-of-pocket maximum in 2024.
| 2023 Kaiser 500 | 2024 Kaiser 1000 | |
|---|---|---|
| Copay for doctor visits, virtual visits and services | You pay $10 | You pay $20 |
| Annual deductible | Employee only: $500 Family: $1,000 | Employee only: $1,000 Family: $2,000 |
| Coinsurance for all other services (after deductible) | You pay 10% | You pay 20% |
| Out-of-pocket maximum | Employee only: $3,000 Family: $6,000 | Employee only: $4,000 Family: $8,000 |
No medical opt-out credit
Employees who decline Rivian medical coverage will no longer receive an opt-out payment in 2024. This is a good time to take another look at the medical plans offered by Rivian to make sure you have the coverage you need.
Updated employee contributions
To keep pace with rising health care costs, both Rivian’s contributions and your paycheck contributions for medical, dental and vision coverage are increasing in 2024.
Before you enroll, review the amount you’ll pay each pay period for health care coverage.
What’s staying the same
There are no changes for 2024 in the coverage provided by the dental, vision, life insurance, disability, accident insurance and critical illness insurance plans. (Your contributions for dental and vision coverage are increasing.)
2024 limits for HSAs and FSAs
Contribute to your HSA
When you enroll in the BSC PPO HSA 1600 or BSC PPO HSA 3500 plan, you can contribute pretax dollars via payroll deductions to a Health Savings Account (HSA) to pay for eligible health care expenses. And Rivian contributes too!
Here are the amounts Rivian will contribute to your HSA in 2024:
| Rivian’s annual HSA contribution | BSC PPO HSA 1600 | BSC PPO HSA 3500 |
|---|---|---|
| Employee only | $250 ($9.62 per pay period) | $750 ($28.85 per pay period) |
| Employee plus dependents | $650 ($25.00 per pay period) | $1,800 ($69.23 per pay period) |
These are the IRS limits for how much you can contribute to your HSA in 2024, including Rivian’s contribution:
- $4,150 for employee-only coverage
- $8,300 for employee-plus-dependents coverage
If you’ll be 55 or older in 2024, you can contribute an additional $1,000 in catch-up contributions.
If you want to contribute to your HSA in 2024, you must enroll in your employee contribution during Open Enrollment. Your 2023 HSA contribution election will not roll over.
Choose your FSA contributions
If you want to contribute to a Flexible Spending Account (FSA) in 2024, you need to to reenroll every calendar year. Your 2023 elections will not roll over.
For 2024, you can contribute up to $3,050 to a Health Care or Limited Purpose FSA. You can contribute up to $5,000 to a Dependent Care FSA (or $2,500 if you’re married and file taxes separately).
Be sure to estimate your 2024 expenses carefully.
- You can carry over up to $610 of your Health Care or Limited Purpose FSA funds from 2024 to 2025—the rest will be forfeited.
- You cannot carry over any unused funds in your Dependent Care FSA at the end of the year.
How to save money with a Health Savings Account (HSA)
A Health Savings Account (HSA) can help you save money to cover your health care needs today and well into the future. Consider these advantages of an HSA:
- Triple tax savings: You pay no federal taxes on contributions, interest earned, or withdrawals for eligible expenses. (If you live in California or New Jersey, you will owe state tax on contributions and earnings.)
- A contribution from Rivian: Depending on the medical plan you enroll in and who you cover, Rivian will put money in your HSA: $250–$750 with employee-only coverage, or $650–$1,800 if you also cover dependents.
- The money is always yours: Unused funds roll over from year to year, and you can take all the money in your HSA with you if you leave Rivian.
- Invest your HSA funds: When you have more than $1,000 in your account, you can invest your balance to help grow your savings—with no federal tax on earnings.
- Flex the way you save—and spend: You can start, stop or change your HSA contribution at any time. And you can choose to use your funds for current health care expenses, or grow your account balance to use in the future—even in retirement.
Learn more
These articles from HealthEquity are a great way to learn about HSAs and decide if an HSA is right for you.
Get expert help choosing the right health plans
Choosing the medical, dental and vision plans that are best for you may come down to a few broad questions, like how much you expect to use your plan, and whether you prefer to pay less for coverage from each paycheck or pay less when you get health care services
But like so many decisions, the real value may be in looking at the details that are specific to you. Do you have a chronic condition that requires ongoing care? Do you regularly use prescription drugs that can be expensive? Are you planning to have a baby or need a surgical procedure next year?
To see how the Blue Shield, Delta Dental, EyeMed and VSP plans stack up, talk to the experts at Collective Health. You—or your spouse or domestic partner—can tell your Collective Health member advocate about your personal situation, and they will explain how each plan will cover the needs of your family.
Get in touch with Collective Health through the website, or call a Collective Health member advocate at 844-803-0210.
For answers to Kaiser questions, call 800-464-4000 (Spanish: 800-788-0616), or visit Kaiser.
Open Enrollment checklist
Here’s what you need to do between October 23 and November 12:
Prepare to enroll
- Use this site to learn about the benefits available to you.
- Review your current benefits in Workday and determine how the changes for 2024 will affect you.
- Connect with the plan experts for help to understand your medical plan options, learn how the plans work, and decide which is right for you.
- For Blue Shield questions, visit join.collectivehealth.com/rivian, or call a Collective Health member advocate at 855-429-6354.
- For Kaiser questions, call 800-464-4000 (Spanish: 800-788-0616), or visit Kaiser.
- Decide which medical plan you want.
Enroll in your benefits
- Log in to Workday between October 23 and November 12, 2023, to elect your benefits for 2024.
- Confirm or change your default elections for 2024. Workday will show the default plans for you, based on your 2023 elections and the plans available for 2024.
- Enroll in an FSA. If you want to participate in a Health Care, Limited Purpose, and/or Dependent Care Flexible Spending Account (FSA) in 2024, you need to enroll. Your current election will not roll over to 2024.
- Set your Health Savings Account (HSA) contribution amount if you’re enrolling in the BSC PPO 1600 HSA plan or BSC PPO 3500 HSA plan. You need to set your 2024 contribution amount—your current election will not roll over to 2024.
- Enroll in accident and/or critical illness insurance if you want this additional financial safety net.
- Review your life insurance coverage and beneficiaries and make updates as necessary.
- Download a copy of your enrollment confirmation for your records.
Ready to enroll?
Sign up for your 2024 benefits through Workday between October 23 and November 12.
What happens if you don’t enroll
Here’s what will happen if you do not enroll in your 2024 benefits through Workday between October 23 and November 12.
- You will not be able to contribute to a Health Care or Dependent Care Flexible Spending Account (FSA) in 2024. You must reenroll in FSAs every year.
- Your employee HSA contribution amount will reset to zero. You must enroll in the HSA and choose the amount of your contributions if you are in the BSC PPO HSA 1500 plan or BSC PPO HSA 3500 plan.
- You will continue to be enrolled in the same dental and vision plans, covering the same dependents but at the new rates.
- You and your covered dependents will be enrolled automatically in medical coverage—at the new rates—based on your current enrollment:
| Your 2023 plan | Your 2024 plan |
|---|---|
| BSC PPO 500 plan | BSC PPO 1000 plan |
| BSC PPO HSA 1500 plan | BSC PPO HSA 1600 plan |
| BSC PPO HSA 3500 plan | BSC PPO HSA 3500 plan |
| BSC PPO 6350 plan for interns | BSC PPO 6350 plan for interns |
| Kaiser 500 plan | Kaiser 1000 plan |
| Waived Rivian medical coverage | Waived Rivian medical coverage |
Changes after Open Enrollment
Your 2024 benefit elections can be changed outside of Open Enrollment only if you have a qualifying life event (e.g., birth, adoption, marriage, divorce, loss of coverage) during 2024.
You can make changes to your benefits within 30 days from the effective date of your qualifying life event.
Log in to Workday to make eligible changes.
Benefits not included in Open Enrollment
Although you can enroll anytime, this is a good time to consider signing up for these benefits that can help you and your family: