2026 Benefits

The cost of our plans is shared between you and Commvault, with Commvault paying the majority. Like many employers, Commvault has seen a significant increase in health care costs due to a number of factors, including inflation, higher rates of chronic conditions, the growing use of specialty and weight-loss medications, and increased demand for behavioral health services.

Commvault has historically maintained lower employee health coverage costs compared to our competitors and the industry benchmarks for similar plans. However, after many years of Commvault absorbing most or all of the annual cost increases and passing very little on to our employees, for 2026 we are moving toward a more balanced approach.

While Commvault will continue to pay a vast majority of these plans’ costs, for 2026, there will be an increase in what you pay for the Choice Plus Savings Plan and both dental plans. These changes to these employee contributions — in combination with some other medical plan changes described below — will allow us to continue offering a high-quality, diverse benefits program.

Paycheck contributions for the Choice Plus Preferred (PPO), Choice Exclusive (EPO), and Surest Plan medical plans along with the Vision Plan are not changing. 

We’re making some updates to our medical plan options to keep them competitive and aligned with trends in the market. Here’s what’s changing:

If you enroll in the Choice Plus Savings Plan:

• Increased in-network coinsurance amount you pay: 20% (from 15%), meaning you will pay slightly more after reaching your deductible.
• Increased Commvault HSA contribution: Commvault will automatically contribute $400 to your HSA if you only cover yourself, or $600 if you cover any dependents.

If you enroll in the Choice Plus Preferred (PPO) Plan:

• Increased in- and out-of-network coinsurance amount you pay: 20% (from 15%) in-network and 40% (from 30%) out-of-network, meaning you will pay slightly more for services which you need to meet the deductible.
• Increased individual and family deductible for in- and out-of-network: $750 individual/$1,500 family for in-network care (increased from $500/$1,000) and $1,500 individual/$3,000 family for out-of-network care (increased from $1,000/$2,000).

If you enroll in the Choice Exclusive (EPO) Plan:

• Increased individual and family deductible: $500 individual/$1,000 family (increase from $250 individual/$500 family).

There are no changes to the Surest Plan for 2026. 

We know you value Commvault’s contributions to your Health Savings Account (HSA), which is why we are pleased to announce that the company is increasing our funding by $100 for the upcoming year. Beginning in 2026, when you enroll in the Choice Plus Savings Plan and the HSA, Commvault will automatically contribute $400 to your HSA if you only cover yourself, or $600 if you cover any dependents. Remember, HSA funds are yours to keep — use them to cover health care expenses now through retirement.

Commvault’s contribution is deposited in equal installments at the start of each quarter. You must be employed at that time to receive the benefit. Please note that Commvault’s HSA contributions are treated as taxable income in certain states.

Beginning in 2026, Life and AD&D Insurance will be administered by Reliance Matrix. With this transition, you will have a special opportunity during Open Enrollment to purchase Supplemental Life Insurance for yourself and/or spouse up to $300,000 for you and $25,000 for your spouse without having to provide evidence of insurability (EOI).

If you do not take action during Open Enrollment, your current elections will carry over as well as your beneficiary elections. However, this is a good opportunity to review your beneficiaries and decide if any changes need to be made.

We strongly believe in the power of preventive care to promote better health. Last year, we expanded our medical plans’ coverage to include the costs of certain diagnostic follow-up screenings for breast cancer, beyond existing preventive care benefits. Beginning in 2026, our plans will also cover the first medically necessary diagnostic colonoscopy for members at no additional cost, regardless of age, when performed by in-network doctors and facilities.

Like many employers, Commvault has experienced an increase in usage of GLP-1 medications for weight loss. While we recognize the long-term health benefits these medications have to offer, we also want to be confident that they are being used safely and for the right medical diagnosis. To ensure that GLP-1 medications are used safely and effectively, we are putting measures in place to require approval of the prescription to confirm its medical necessity. These measures will also help us to manage the increased costs these medications have had on our plans.

Beginning January 1, 2026, prior approval will be required from CVS/Caremark to fill your prescription for a GLP-1 if it’s being used for weight loss. This means that if you're prescribed weight loss medication, your doctor will need to get approval from CVS/Caremark first. By requiring prior authorization, we can encourage responsible medication use, support better health outcomes, and help manage both your and Commvault’s health care costs.

Take Action!

If you currently take a GLP-1 medication for weight loss, talk to your doctor as soon as possible. If they want you to keep taking the medication, you or your doctor can contact CVS/Caremark for prior authorization. If your authorization is approved, you will continue to receive your medication as usual.

If your authorization is not approved and you fill a prescription on or after January 1, 2026, you may have to pay the full cost of the medication, and it will not count toward your deductible or out-of-pocket maximum.

An HSA is available to you if you enroll in the Choice Plus Savings Plan. The amount you can contribute to your HSA is increasing for 2026, meaning you can set aside more tax-advantaged dollars to use for today’s and tomorrow’s health care expenses.

Remember, if you will be age 55 or older in 2026, you can make an additional $1,000 catch-up contribution.

Health Care and Limited Purpose FSAs

In 2026, you can contribute up to $3,400 to the Health Care FSA or Limited Purpose FSA. You can carry over up to $660 of unused 2025 FSA contributions into 2026 and $680 of unused 2026 FSA contributions into 2027.

You can contribute to the Health Care FSA if you enroll in the Surest Plan, Choice Plus Preferred PPO, Choice Exclusive EPO, or waive medical coverage. The Limited Purpose FSA is available for those enrolled in the Choice Plus Savings Plan.

Dependent Care FSA

For the first time in many years, the IRS contribution limit for the Dependent Care FSA will increase in 2026. The maximum annual contribution will be $7,500 (up from $5,000) for single parents or married couples filing joint tax returns (or $3,750 for married couples filing separate tax returns; up from $2,500).