At Capital One, we're committed to ensuring you and your family feel supported and cared for, and we know that your benefits play a large role in that support.

Our goal is to provide you with a benefits package that supports your total well-being, allowing you and your family to feel healthy all around — physically, emotionally, and financially. Our comprehensive and inclusive benefits are designed to give you the choice and flexibility to support your individual needs. Each year, informed by associate feedback, we are able to evolve our benefits program to better support you, our associates.

  • Associate contributions: No increase in 2023: To help care for your financial well-being, we have committed to keep your contribution rates the same in 2023. This includes medical, dental, vision, supplemental life and long-term disability coverage as long as your elections remain the same.
    • If you change plans or coverage tiers (for example, if you switch from Basic PPO to Enhanced PPO, or change from individual coverage to family coverage), you will pay the contribution rates for your new coverage. Supplemental life and supplemental LTD costs will only increase if coverage increases.
  • New Benefits: Blue Distinction Centers of Excellence for Cardiac Care, Spine Surgery, Knee and Hip Replacements, Bariatric Procedures, Organ Transplants, and Substance Abuse
    • We are reducing your costs when you choose to use a Blue Distinction Centers of Excellence for specific types of care. These Centers have demonstrated evidence of higher quality of care, resulting in fewer re-admissions, complications and subsequent ER visits.
    • When you receive care at a Blue Distinction Center facility, you will have a lower cost-share than you would using other in-network facilities.

    • Your Coinsurance after the Deductible Has Been Met
      CDHP Basic PPO Enhanced PPO
      Blue Distinction Center 10% 20% 10%
      In-Network Provider 20% 30% 20%
      Out-of-Network Provider 40% 50% 40%

      Associates who do not have access to a Blue Distinction Center locally may use a travel allowance specific to this benefit to cover the cost of the trip to a Center for treatment.

  • Updated ABA Therapy benefits: To better align with how other benefits are paid, we are adding in a cost share for Applied Behavior Analysis (ABA) Therapy in 2023 under both the Basic and Enhanced PPO. For the PPO plans, the deductible will not apply to ABA services and you will only be responsible for coinsurance. This means your plan will begin to cover these services whether or not you’ve met your deductible. For those enrolled in the CDHP plan, there will be no change to how coverage is paid under the CDHP plan as ABA therapy is subject to the deductible and coinsurance.
  • New dental covered service: Under both dental plans, we will begin covering services related to congenitally missing teeth.
  • Increased FSA & HSA contribution limits (including Capital One’s contribution):
    • The 2023 Health Care Flexible Spending Account (Health Care FSA) contribution limit is $2,850.
    • If you have unused funds in your 2022 Health Care FSA, you can carry over up to $570 (minimum of $50) to your 2023 Health Care FSA, which will be added to your available 2023 balance. To be eligible to carry over funds, you must enroll in a Health Care FSA for 2023 during Open Enrollment.
    • The Health Savings Account (HSA) contribution limit is $3,850 for individual coverage and $7,750 if you cover dependents on the CDHP. The catch-up contribution for associates age 55 and over is an additional $1,000.
    • The Dependent Care Flexible Spending Account (Dependent Care FSA) contribution limit will remain at $5,000.