2024 U.S. Benefits Open Enrollment

Changes for 2024

  • Costs of medical plan coverage are increasing as a result of rising healthcare and prescription drug costs. Your contributions to the cost of coverage will increase next year, and Samsara will continue to pay 83% of the cost of employee coverage and 70% of the cost of dependent coverage. Monthly costs of coverage for 2024 are listed below.

  • Employees who enroll in the Aetna High-Deductible Health Plan (HDHP) at the employee-only coverage level will share the cost of coverage with Samsara. The cost of employee-only coverage under the Aetna HDHP will be $50 per month in 2024.

  • The Aetna HDHP annual deductible will increase from $3,000 per individual to $3,200 per individual in 2024, and from $6,000 to $6,400 per family in 2024, due to IRS regulations.

  • Copays for some Kaiser services will increase. Copays for all services are listed in the side-by-side comparison of medical plan benefits.

  • One Medical membership will be eligible for reimbursement through the Hootfund instead of Expensify.

  • Costs of dental plan coverage are increasing as a result of rising dental care costs. Monthly costs of coverage for 2024 are listed below.

  • The lifetime maximum benefit for Carrot fertility services will be $25,000. The cost of any Carrot services you’ve already received will be applied to this amount.

Open Enrollment Checklist

To ensure you have the benefits coverage you need in 2024, use this 2024 U.S. Benefits Open Enrollment Checklist to help you complete the online enrollment process.

Medical Plan Costs of Coverage

Dental Plans Costs of Coverage

Vision Plan Costs of Coverage

2024 Benefit Plan Options

Elections You Can Make Only During Open Enrollment

When you complete the Open Enrollment process, you’ll be prompted to select coverage under the plans listed below. Carefully consider your options before enrolling. You can change your elections in 2024 only if you experience a “qualifying life event,” such as getting married or adding a child to your family. To learn more about any plan, click the section heading.

  • Medical Plans: Samsara offers up to three medical plan options, depending on where you live. Please review the side-by-side comparison of medical plan benefits for information on your costs of care under each plan. 

    • Aetna Preferred Provider Organization (PPO) Plan–Available to all employees, except those in Hawaii

    • Aetna High Deductible Health Plan (HDHP)–Available to all employees, except those in Hawaii

    • Kaiser Permanente Health Maintenance Organization (HMO) Plan–Available to employees in California, Georgia, and Hawaii; plan provisions vary by location

  • Dental Plans: Samsara offers two dental plan options: the Guardian Dental PPO Plan and the Guardian Dental PPO Preferred Plan. Both plans allow you to visit the provider of your choice whenever you seek care, but your out-of-pocket costs are lower when you visit a provider in each plan’s network. The annual maximum benefit and the lifetime maximum orthodontia benefit are higher under the PPO Preferred Plan, which also covers adult orthodontia.

  • Vision Plan: Our Vision Plan, which is administered by Guardian, allows you to visit the provider of your choice whenever you seek care, but your out-of-pocket costs are lower when you visit a provider in the Vision Service Plan (VSP) Signature Network. The plan offers discounts on eyeglasses, contacts, LASIK and PRK procedures, and even hearing aids.

  • Flexible Spending Accounts (FSAs): Healthcare, Limited Purpose, and Dependent Care FSAs allow you to make pretax payroll contributions to savings accounts and submit claims for reimbursement as you incur eligible expenses. 

  • Please note: The IRS announced 2024 maximum contribution amounts for participants in Healthcare and Limited Purpose Flexible Spending Accounts (FSAs) and Commuter Benefit Programs on November 9. The new amounts have been updated in Workday and are higher than amounts you may have seen in previous visits to the enrollment platform.

  • Supplemental / Voluntary Life Insurance Plan: Samsara automatically provides you with Basic Life Insurance Plan coverage equal to your annual salary (base + bonus/commissions), up to a maximum of $250,000. For added financial protection, you can elect Supplemental / Voluntary Life Insurance Plan coverage for yourself and your dependents. 

Elections You Can Make Anytime Throughout the Year

When you complete the Open Enrollment process, you’ll have the option to contribute to a Health Savings Account (HSA) if you enroll in the Aetna HDHP, and to contribute to our Commuter Benefit Program. You can elect to contribute to these plans during Open Enrollment or anytime throughout the year. You can also stop, increase, or decrease your elections at any time. 

  • Health Savings Account (HSA): Samsara partners with Forma to open HSAs for participants in the Aetna HDHP. Each pay period, Samsara will deposit money in your HSA to help you pay for eligible healthcare expenses, such as medical and dental office visit copays, prescription drugs, and eyeglasses. You can elect to make additional contributions to your HSA through pretax payroll deductions.

  • Commuter Benefit Program: Samsara’s Commuter Benefit Program allows you to contribute to transit and/or parking savings accounts through pretax payroll deductions. 

Benefits That Don't Require Enrollment

In addition to the plans outlined above, you’re eligible for all of the following programs and services. You don’t need to elect these benefits during Open Enrollment; they’re available to you whenever you choose to take advantage of them. 

  • 401(k) Plan & Financial Planning Services: Samsara’s 401(k) plan includes both traditional and Roth contribution options, as well as a “mega backdoor Roth” after-tax contribution option. Samsara matches 100% of the first 4% of your traditional and Roth contributions, and you own 100% of the matching contribution as soon as it’s deposited in your account. (When you join Samsara, you’re automatically enrolled in the traditional plan at a 1% contribution rate. You can change this rate anytime.) You also have access to financial planning services if you need help setting savings goals, assessing your tolerance for investment risk, selecting investment options, and more. 

  • Basic Life & Accidental Death & Dismemberment Insurance Plans: Samsara provides Basic Life and Accidental Death & Dismemberment (AD&D) Insurance Plan coverage equal to your annual salary (base + bonus/commissions), up to a maximum of $250,000. Your Basic Life Insurance Plan coverage pays your beneficiary if something happens to you. Your Basic AD&D Insurance Plan coverage pays a benefit to you in the event of your accidental injury, or to your beneficiary in the event of your accidental death. You don’t need to enroll in either plan, but you do need to designate beneficiaries. You can designate any person or entity as your beneficiary for either plan and update your designations at any time in Workday.

  • Carrot Family Planning: Carrot provides personalized fertility care (testing and diagnosis, egg freezing, in-vitro fertilization, and more) and family-building services for employees who are adopting or having a child through surrogacy. Services are provided regardless of gender, sexual orientation, marital status, or geographic location. The lifetime maximum benefit is $25,000.

  • Cleo Parenting Support Services: Whether you’re planning a family, new to parenting, or preparing to return to work after a leave, Cleo can help you build confidence in your parenting with the personalized support of a Cleo coach and educational programs. This benefit is available to all parents. 

  • Donation Matching: We encourage Samsarians to be actively involved in supporting our local and global communities. Samsara matches up to $500 of your eligible donations to charitable organizations. (More information is available on Benevity, our donation platform.)

  • Employee Stock Purchase Plan:The ESPP gives you the opportunity to purchase shares of IOT through after-tax payroll deductions at a 15% discount. That’s a 15% return on your investment when shares are purchased, regardless of the price of IOT at that time. The plan also includes a “lookback provision,” which means your discount might be even more than 15%. 

  • Hootfund: Samsarians receive $150 each fiscal quarter through the Hootfund for use on wellness, professional development, and family and home expenses. 

  • Leaves of Absence: Samsara’s leave of absence policies, which include bereavement leave, jury duty, and parental leave, allow you to take time off work to care for yourself or your family members, or fulfill civic or military responsibilities. 

  • Short- and Long-Term Disability Plans: If you’re unable to work due to an illness or injury, Samsara’s short-term disability plan pays 66.67% of your annual salary, up to $2,500 per week, until you’re able to return to work. If your disability lasts longer than 180 days, our long-term disability plan pays 66.67% of your annual salary, up to $12,000 per month, until your disability ends or you reach age 65, whichever comes first.

  • Time Off: Samsara offers paid time off through a combination of vacation days, holidays, the year-end shutdown, and mental health days. Employees earn a six-week sabbatical every five years. 

Resources

Note: Some of the links on this page go to documents that can only be accessed by Samsara employees. If you're a job candidate, please email peopleops@samsara.com to request access.