Synopsys Benefits 2014 Snapshot
Overview As an employee of Synopsys, you have access to a comprehensive set of benefits—one that provides you with protection from unexpected losses or medical expenses, and opportunities for you to tailor your benefits to fit the needs of you and your family. Synopsys pays for most of these benefits, while you share in the cost of others, depending on the choices you make.
New Hires When you join the company, you can enroll for new coverage within 31 days of your hire date. Enrollment instructions will be emailed to you the week of your new hire date. To Enroll or Make Changes From work
Visit the Synopsys World web site http://synopsysworld/Pages/default.aspx Go to: • Self Service • Benefits
From home
Visit the benefits enrollment website https://mybenefits.adp.com First time users must register for an account using registration code: synopsys-portal
Questions? `` Contact Health Advocate:
call 1-866-695-8622, email
[email protected] `` Contact the Employee Service Center:
call 1-650-584-7411, ext. 47411; email
[email protected]
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When Benefits Begin Benefits begin on your first active day of employment, except for the 401(k) Plan and the Employee Stock Purchase Plan. You must enroll in health and welfare benefits within 31 days of your hire date or you will be given the Employee Only Default Coverage Plan—Synopsys Health Reimbursement Account (HRA) medical plan, dental, vision and group life and accidental death & dismemberment (AD&D) insurance. `` You can enroll in the Synopsys 401(k) Plan on the Wednesday following your first payroll-
processed paycheck. `` You may begin participating in the Employee Stock Purchase Plan at one of the available
offering periods—March 1 or September 1.
Who is Eligible `` Regular Full-time employees scheduled to work at least 30 hours a week and reside in
the U.S. `` Regular Part-time employees scheduled to work 20-29 hours a week and reside in the U.S. `` Spouse or Domestic Partner who reside in the U.S.* `` Children to age 26 and reside in the U.S. Children include: unmarried and married natural or
adopted children, stepchildren, children of a qualified domestic partner or children for whom you are a legal guardian and is your tax dependent. In some instances, children of any age if they are dependent upon you for support due to a physical or mental disability. * Employees who cover domestic partners are taxed on imputed income.
Making Changes `` During the year—If you marry, have a baby, adopt a child or experience another life event
that is considered a qualified “change in status” by the IRS, you must visit the Synopsys enrollment web site within 31 days of the qualifying event to change your benefits coverage and add or delete your dependents to your benefit plan. If you do not have a qualified “change in status,” you will need to wait until the next open enrollment to make changes or enroll.
Questions? `` Contact Health Advocate:
call 1-866-695-8622, email
[email protected] `` Contact the Employee Service Center:
call 1-650-584-7411, ext. 47411; email
[email protected]
`` Open Enrollment—Each Fall, you have the opportunity to make changes to your benefit
elections effective the following January 1.
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Healthcare Benefits Synopsys provides you with the opportunity to create a healthcare package that meets the needs of you and your family. You choose which dependents you want to cover separately for medical and dental/vision coverage. Comparing Your Medical Options Synopsys Health Reimbursement Account (HRA)
Click Play
to view a short video about the Plan
Synopsys Health Savings (HS) Plan
Kaiser Permanente Health Maintenance Organization (HMO)
California
Oregon
General Provisions Provider Choice
You may use any licensed provider; however, your HRA dollars go further because of discounted fees and the plan pays increased benefits when you obtain services from providers who are members of the UnitedHealthcare network.
You may use any licensed provider; however, the plan pays increased benefits when you obtain services from providers who are members of the UnitedHealthcare network.
All locations
All locations
California
Oregon (also Southwest Washington)
http://welcometouhc.com/snps
http://welcometouhc.com/snps
http://my.kp.org/ca/ synopsys
www.kaiser permanente.org
Employee Only
$26.00
$18.00
$34.22
$26.99
You & Spouse/ Domestic Partner
$64.00
$44.00
$84.40
$69.84
You & Children
$51.00
$35.00
$70.23
$54.48
You & Family
$101.00
$70.00
$138.98
$118.46
None
None
Availability Member website
You must use the HMO’s doctors and facilities to receive covered benefits. The only exception is an emergency situation in which a Kaiser facility is not available.
Contributions for Coverage**
Benefit Payment Provisions Health Account
Health Reimbursement Account: Synopsys funds $1,000 Employee only; $2,000 Employee +1 or more family member. Note: Unused HRA dollars roll over to the next year’s health fund balance. Rollover limited to two times (2x) annual Synopsys contribution.
Health Savings Account (HSA) with Fidelity: Annual Synopsys contribution to your Fidelity HSA $500 Employee only; $1,000 Employee +1 or more family members. Note: contributions are made bi-weekly ($19.23 for Employee only; $38.46 for Employee+1 or more family members.) Please see Fidelity HSA guide for more information about the HSA.
continued... 4
Health Benefits continued... Comparing Your Medical Options Click Play
to view a short video about the Plan
Synopsys Health Reimbursement Account (HRA)
Synopsys Health Savings (HS) Plan
Annual Deductible (Employee responsibility)
Network: $1,500 individual ; $3,000 family
Coinsurance
Network: Plan pays 90% and You pay 10%
Network: Plan pays 90% and You pay 10%
Non-Network: Plan pays 70% and You pay 30%
Non-Network: Plan pays 70% and You pay 30%
Network: $3,000 per individual†; $6,000 family
Network: $3,000 individual coverage; $6,000 family coverage
Non-Network: $6,000 per individual†; $12,000 family
Non-Network: $6,000 individual coverge; $12,000 family coverage
Annual Out-of-Pocket Maximum
Lifetime Maximum
†
Non-Network: $4,500 per individual†; $9,000 family
Unlimited
Network and Non-Network: $1,500 individual coverage; $3,000 family coverage
Unlimited
Kaiser Permanente Health Maintenance Organization (HMO)
California
Oregon
None
None
Plan pays 100% after You pay applicable copayment
Plan pays 100% after You pay applicable copayment
$1,500 individual; $3,000 family
$750 individual; $1,500 family
Unlimited
Unlimited
Plan pays 100%
Plan pays 100%
You pay $30 copayment
You pay $20 copayment
You pay $45 copayment
You pay $25 copayment
You pay $30 copayment
You pay $35 copayment
Routine Care Preventive Care
Network: Plan pays 100%
Network: Plan pays 100%
Non-Network: Plan pays 70% after deductible
Non-Network: Plan pays 70% after deductible
Specialist Office Visits
Network: Plan pays 90% after deductible
Network: Plan pays 90% after deductible
Urgent Care
Non-Network: Plan pays 70% after deductible
Non-Network: Plan pays 70% after deductible
Doctor’s Office Visits (Primary Care)
continued...
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Health Benefits continued... Comparing Your Medical Options Click Play
to view a short video about the Plan
Synopsys Health Reimbursement Account (HRA)
Synopsys Health Savings (HS) Plan
Kaiser Permanente Health Maintenance Organization (HMO)
California
Oregon
Hospital Care Inpatient Care
Outpatient Care
Emergency Room
Network: Plan pays 90% after deductible
Network: Plan pays 90% after deductible
Non-Network: Plan pays 70% after deductible
Non-Network: Plan pays 70% after deductible
Must notify UHC—non-notification penalty is $500/incident
Must notify UHC—non-notification penalty is $500/incident
Network: Plan pays 90% after deductible
Network: Plan pays 90% after deductible
Non-Network: Plan pays 70% after deductible
Non-Network: Plan pays 70% after deductible
Some non-notification penalties apply for outpatient surgery. Call to verify.
Some non-notification penalties apply for outpatient surgery. Call to verify.
Emergency: Plan pays 90% after deductible
Emergency: Plan pays 90% after deductible
Non-Emergency: Plan pays 70% after deductible
Non-Emergency: Plan pays 70% after deductible
Network: Plan pays 90% after deductible
Network: Plan pays 90% after deductible
Non-Network: Plan pays 70% after deductible
Non-Network: Plan pays 70% after deductible
Network: Plan pays 90% after deductible
Network: Plan pays 90% after deductible
Non-Network: Plan pays 70% after deductible
Non-Network: Plan pays 70% after deductible
You pay $400 copayment per admission
You pay $200 copayment per admission
You pay $30 copayment
You pay $25 copayment
You pay $125 copayment, waived if admitted to hospital
You pay $100 copayment, waived if admitted to hospital
Plan pays 100%
Plan pays 100%
Plan pays 100%
Plan pays 100%
Other Medical Care Maternity Care
X-ray and Lab Services
continued...
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Health Benefits continued... Comparing Your Medical Options Click Play
to view a short video about the Plan
Synopsys Health Reimbursement Account (HRA)
Synopsys Health Savings (HS) Plan
Kaiser Permanente Health Maintenance Organization (HMO)
California Chiropractic Care
Acupuncture
You pay $15 copayment
Oregon
Network: Plan pays 90% after deductible
Network: Plan pays 90% after deductible
You pay $15 copayment
Non-Network: Plan pays 70% after deductible
Non-Network: Plan pays 70% after deductible
Maximum of 20 visits/calendar year, combined in- and out-of-network
Maximum of 20 visits/calendar year, combined in- and out-of-network
Plan pays 80% after deductible; 20 visits/year, combined in- and out-of-network
Plan pays 80% after deductible; 20 visits/year, combined in- and out-of-network
Not available
Not available
Network: 31-day supply: You pay $10 (Tier 1), 30% with $20 minimum/$50 maximum (Tier 2), or 50% with $45 minimum/$75 maximum (Tier 3)
After deductible*: 31-day supply: You pay $5 (Tier 1), 10% with no minimum/$50 maximum (Tier 2), or 10% with no minimum/$75 maximum (Tier 3)
Up to 30-day supply: You pay $10 (generic) or $30 (brand)
30-day supply: You pay $5 (generic) or $20 (brand)
Network: 90-day supply: You pay $10 (Tier 1), 10% with no minimum/$100 maximum (Tier 2), or 10% with no minimum/$150 maximum (Tier 3)
Up to 100-day supply: You pay $10 (generic) or $30 (brand)
90-day supply: You pay $10 (generic) or $40 (brand)
Maximum of 20 visits/year
Prescription Drugs Retail
Note: HRA fund is not used toward prescription expenses.
Non-Network: Plan pays 70% after deductible Mail Order
Network: 90-day supply: You pay $20 (Tier 1), 30% with $40 minimum/$100 maximum (Tier 2), or 50% with $90 minimum/$150 maximum (Tier 3) Note: HRA fund is not used toward prescription expenses.
Non-Network: Not available
Non-Network: Not available
* The deductible does not apply to preventive care drugs listed in the UHC Preventive Drug List. ** The combined amount you and the Company can contribute in 2013 is $3,250 for employee only coverage and $6,450 for family coverage. † Under the HRA plan, “individual” refers per person and under the HS plan “individual” refers to employee only coverage. ‡ Some states, like California, will tax contributions.
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Key Terms Annual Deductible—The annual deductible is the amount of covered expenses you must pay first each year before the plan pays benefits. Once a covered individual has satisfied the individual deductible, the plan will begin to pay a percent of that person’s expenses (coinsurance). Once the total expenses for 2 or more people reach the family deductible, the plan will begin to pay the appropriate coinsurance level for all covered family members.
Coinsurance—Coinsurance is the percent of covered expenses paid by the plan after you meet the deductible. Copayment—A copayment is a flat dollar amount (as opposed to a percentage) that you pay toward a covered expense, such as for an office visit or a prescription. Health Reimbursement Account—The Synopsys HRA plan includes a health reimbursement account (HRA) funded by Synopsys. The HRA is used to pay your deductible and member co-insurance if additional HRA funds are available. If you have a balance leftover in your HRA at the end of the year, it rolls over to the next year and is added to that year’s contribution from Synopsys. You forfeit your HRA balance if you change plans or leave Synopsys. Out-of-Pocket Maximum—The out-ofpocket maximum is the most you’ll pay in coinsurance toward covered expenses each year. After you pay the deductible then reach the out-of-pocket maximum for coinsurance, the plan will pay 100% coinsurance for the remainder of the year. Also, the out-of-pocket maximum does not apply to prescription drug copayments—or coinsurance (except in the Health Savings medical plan)—you’ll continue to pay these amounts after you reach the outof-pocket maximum.
Preventive Care—Preventive care is medical services aimed at early detection and intervention. It focuses on wellness, health promotion, and other activities that reduce the likelihood of illness or injury. Under the Synopsys HRA and Health Savings medical plans, preventive care guidelines around age and frequency of preventive services are based on guidelines provided by United States Preventive Task force. (You can learn more about these guidelines at the AMA web site at http://www.ahrq.gov/clinic/prevenix.htm ) If you’re enrolled in the Kaiser Permanente HMO, visit the Kaiser website www.kaiserpermanente.org for more information about their preventive care guidelines.
Questions? `` Contact Health Advocate:
call 1-866-695-8622, email
[email protected] `` Contact the Employee Service Center:
call 1-650-584-7411, ext. 47411; email
[email protected]
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The Dental Plan Provided through the Delta Dental Preferred Option (PPO) Plan. You can visit any licensed dentist, but the plan pays increased benefits when you use a Delta Dental PPO dentist. For a list of Delta Dental PPO providers, visit www.deltadentalins.com or call 1-800-765-6003. `` Network dentist: No deductible; 100% preventive care; 90% basic care; 60% major care;
50% orthodontia. `` Non-network dentist: $50/individual, $100/family deductible; 100% preventive care (the
deductible does not apply); 80% basic care; 50% major care; 50% orthodontia. Regardless of whether you use network or non-network dentists, there is a $1,500 calendar year dental benefit maximum and a $2,000 lifetime orthodontia benefit for each covered individual. Contribution for Dental Coverage You Only
You & Spouse/ Domestic Partner
You & Child(ren)
You & Family
$5.29
$9.53
$9.53
$16.94
Questions? `` Contact Health Advocate:
call 1-866-695-8622, email
[email protected] `` Contact the Employee Service Center:
call 1-650-584-7411, ext. 47411; email
[email protected]
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The Vision Plan Administered by Vision Service Plan (VSP). You can use any optometrist or ophthalmologist you want; out-of-pocket costs are less when you use VSP doctors. For a list of VSP providers, visit www.VSP.com or call 1-800-877-7195. `` VSP doctors: $10 for examinations; $25 for materials (lenses or frames, up to plan limits), plus
any charges for cosmetic extras. `` Non-VSP doctors: you pay the provider in full and submit your itemized receipts to VSP for
reimbursement. You will be reimbursed according to a schedule of benefits. If the scheduled benefit is not enough to cover the entire cost of the services, you pay the remaining charges. Regardless of which provider you use, vision expenses for exams and lenses are covered every 12 months and frames are covered every 24 months. Contribution for Vision Coverage You Only
You & Spouse/ Domestic Partner
You & Child(ren)
You & Family
$3.00
$4.00
$3.00
$6.00
Questions? `` Contact Health Advocate:
call 1-866-695-8622, email
[email protected] `` Contact the Employee Service Center:
call 1-650-584-7411, ext. 47411; email
[email protected]
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Health Care Flexible Spending Account Synopsys offers two types of Health Care Flexible Spending Accounts (FSAs) to help you budget for certain health care expenses while reducing the amount of taxes you pay. `` Traditional Health Care FSA—Medical, dental and vision expenses. Available if you are enrolled
in the Synopsys HRA or Kaiser medical plans. `` Limited Purpose FSA—Dental and vision expenses only. Available only if you are enrolled in
the Synopsys Health Savings medical plan. You may contribute up to $2,500 to the Health Care FSA on a pre-tax basis and use this tax-free money to pay for eligible health care expenses. An FSA debit card is available for the Health Care FSA. The card can be used to pay for certain eligible expenses at the time expenses are incurred. For additional information about FSA including a list of eligible expenses and new reimbursement requirements for over-the-counter medicines visit http://www.spendingaccounts.info/ Please see the Work/Life section located on the back of this brochure for Dependent Day Care FSA information.
NurseLine Registered nurses are available 24 hours a day, seven days a week to assist you and your family with a wide range of health care questions and concerns. `` For the UHC Optum Nurseline call 1-800-401-7396. `` For the Kaiser Nurseline contact your local appointment centers and choose the option to
speak with an Advice Nurse.
Questions? `` Contact Health Advocate:
call 1-866-695-8622, email
[email protected] `` Contact the Employee Service Center:
call 1-650-584-7411, ext. 47411; email
[email protected]
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Other Healthcare Benefits Health Care Resources Best Doctors When you or a covered family member is diagnosed with a medical condition, or facing a treatment decision, Best Doctors offers a convenient way to get an expert second opinion. Best Doctors can help you with a wide range of medical conditions that may require specialized or complex treatment. Based on the information you and/or your health providers supply, Best Doctors can deliver a comprehensive evaluation of a medical condition, confirm your diagnosis, and help you understand treatment options. Through a Member Advocate assigned to your case, you will have access to Best Doctors physicians who are best-in-class specialists as selected by their clinical peers.
Health Advocate Health Advocate is America’s leading health care advocacy and assistance company. They can help you and your family navigate through the health care system. One of the unique features of Health Advocate is that your entire family will be able to use their services. In addition to you, your spouse and children, your parents and the parents of your spouse will also be covered under this program. The Health Advocate team of health professionals—including nurses, coaches, dieticians, clinicians and counselors—can: `` Help with insurance claims and billing issues `` Locate medical or dental providers that are in your area, who accept your health insurance,
and are taking new patients `` Identify alternative resources for health care-related services that might not be covered by
your Synopsys health benefits or your parent’s health benefits
Questions? `` Contact Health Advocate:
call 1-866-695-8622, email
[email protected] `` Contact the Employee Service Center:
call 1-650-584-7411, ext. 47411; email
[email protected]
`` Assist with senior care issues, including Medicare and related issues for parents and
parents-in-law.
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Wealth Benefits Long-range vision and planning are the key to Synopsys’ success—and to your own well-being. The Synopsys benefits program gives you two tools to help you build your and your family’s financial wealth:
The 401(k) Saving Plans Save for retirement by enrolling in the Synopsys Traditional 401(k) Plan and/or the Roth 401(k) Plan and reap the advantages of Synopsys’ matching contributions. `` You may contribute to one or both plans from 1% to 60% of your compensation. Your
combined contributions to both plans cannot exceed the IRS limits. `` Employees who are age 50+ (or turning 50 during the year) can make an additional catch up
contribution to one or both plans. Your 50+ contributions to both plans cannot exceed the IRS limits. `` When you contribute, Synopsys will match your contribution—$0.40 for every dollar you
contribute, up to a combined maximum of $1,500 annually.
The Employee Stock Purchase Plan (ESPP) ESPP enables you to buy shares of Synopsys common stock at a discount of at least 15% off the market price, without incurring brokerage or administrative fees. The Synopsys ESPP offers 6-month purchase periods with a maximum 24-month lookback.
Income Protection and Survivor Benefits The Synopsys benefits package includes insurance programs designed to help protect you and your family in the event of an extended illness or injury, death or a disabling accident.
Short-Term Disability (STD) Coverage `` Plan provides 75% of salary, tax-free, for up to 180 days. Contribution rates and limits vary
depending on which state you work in.
Questions? `` Contact Health Advocate:
call 1-866-695-8622, email
[email protected] `` Contact the Employee Service Center:
call 1-650-584-7411, ext. 47411; email
[email protected]
`` Every Synopsys employee is automatically enrolled in the Short-Term Disability plan.
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Long-Term Disability (LTD) Coverage `` Coverage provided by Synopsys at no cost to you. `` After a 180-day waiting period, benefit equals 60% of income, up to a monthly tax-free benefit
maximum of $15,000. `` Pre-existing conditions exclusion applies; see benefits web site for more information.
Basic Life and Accidental Death & Dismemberment (AD&D) Insurance `` Coverage provided by Synopsys at no cost. `` Basic Life coverage equal to two times earnings, up to a maximum of $1,000,000. `` Basic AD&D coverage is $50,000.
Supplemental Life and AD&D Coverage `` You can purchase Supplemental Life coverage for yourself up to $1,000,000 not to exceed
eight times your earnings, your spouse or domestic partner up to $250,000 not to exceed 50% of your coverage amount, and/or your children in amounts of $1,000, $5,000 and $10,000. `` You can purchase up to $950,000 in additional Supplemental AD&D coverage not to exceed
ten times your earnings for yourself and your family. Each family member’s coverage is a percentage of the benefit amount you select.
Business Travel Accident (BTA) Coverage This coverage protects you when you travel on authorized company business. Synopsys provides all employees with BTA coverage equal to two times your annual earnings, up to a maximum coverage amount of $1,000,000. This coverage is in addition to the AD&D and Life Insurance coverage described earlier.
Questions?
Time-off Benefits
`` Contact the Employee Service Center:
Company-paid Holidays
`` Contact Health Advocate:
call 1-866-695-8622, email
[email protected] call 1-650-584-7411, ext. 47411; email
[email protected]
`` Synopsys recognizes various holidays throughout the year. Intended to give each employee
the occasional break we all need, while recognizing important holidays.
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Flexible Time-Off (FTO) `` Accrue FTO based on years of service starting with 18 days of FTO in first year.
Leaves of Absence `` Synopsys offers a variety of extended paid or unpaid leaves of absence, including paid
paternity and adoption leave of up to 10 consecutive days off.
Work/Life Benefits Synopsys believes in the value of seeking support when you need it, learning new things, pursuing your interests, and spending time with your colleagues. The following benefits can help.
The Employee Assistance Program (EAP) `` Professional counselors available 24/7 to assist you and refer you to resources in your area for
work, family, or personal problems. `` Eight free counseling visits a year, per covered family member. `` Life Resources counselors also available for help with child & elder care, wellness, and legal &
financial issues.
Educational Assistance `` Up to $5,250/year to continue your education in areas that will enhance your job performance
and career growth. `` Synopsys also supports the Stanford NDO and HCP courses through Stanford Center for
Professional Development (SCPD).
The Dependent Day Care Flexible Spending Account (FSA) `` Allows you to pay for certain daycare expenses on a pre-tax basis. You can contribute up to
$5,000 per household to the Dependent Day Care FSA and use it to pay for eligible child or elder daycare expenses.
Questions? `` Contact Health Advocate:
call 1-866-695-8622, email
[email protected] `` Contact the Employee Service Center:
call 1-650-584-7411, ext. 47411; email
[email protected]
Telecommuting or Flex Time `` May be an option; see your manager for details.
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Voluntary Group Insurance `` Group rates on pet insurance, auto and home insurance and group legal coverage provided
through MetLife. Visit www.metlife.com/mybenefits for more information. `` Group rates on Long-Term Care Insurance provided through Genworth. Available to members
of your family such as parents, grandparents, and siblings. Visit www.genworth.com/groupltc for more information (username: synopsys/password: groupltc).
Adoption Benefits `` Up to $2,000/year to help defray the cost of adopting a child (up to 10 days paid leave is also
available).
Discount Shopping Program `` Visit www.BeyondWork.com for access to discounts on everything from clothing and sporting
goods, to movie tickets and travel packages.
Employee Referrals `` Company-paid cash bonuses for each employee referral hired. For more information, please
visit http://teamhr/staffing/erp/Pages/home.aspx on Synopsys World.
Questions? `` Contact Health Advocate:
call 1-866-695-8622, email
[email protected] `` Contact the Employee Service Center:
call 1-650-584-7411, ext. 47411; email
[email protected]
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Important Notices Know your rights — review these important notices today.
Notice of Special Enrollment Rights for Medical Coverage
Women’s Health and Cancer Rights Act
Newborns’ and Mothers’ Health Protection Act
Medicaid and the Children’s Health Insurance Program (CHIP)
The Health Insurance Portability and Accountability Act (HIPAA) 1996 Privacy Practices
Provider Choice Notice for Kaiser Medical Plans
About This Summary Synopsys may terminate, withdraw or modify any benefit described in this newsletter, in whole or in part, at any time and for any reason. In addition, the descriptions of the benefits are not a guarantee of current or future employment or benefits. If there is a conflict between this newsletter and the official plan documents, the official plan documents will govern.
©2013 Synopsys, Inc. All rights reserved. Synopsys is a trademark of Synopsys, Inc. in the United States and other countries. A list of Synopsys trademarks is available at http://www.synopsys.com/copyright.html. Healthyroads Coach is a federally registered trademark of American Specialty Health Incorporated and used with permission herein. All other names mentioned herein are trademarks or registered trademarks of their respective owners.
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