What's New for 2027
What’s New for 2027
We’re committed to supporting you and your family’s Health, Financial, Emotional, and Work Wellbeing. Choosing benefit coverage is one of the most important decisions you can make each year. Take time to review what’s new for 2027 below.
You can also check out this video for an overview of what to expect.
Update to Medical Plan Premiums:
As health care costs continue to rise across the country, employees will see an increase in premiums for our medical plans in 2027. We recognize that health care costs are a growing concern for many individuals and families, and we’re committed to supporting you while helping you make the most of your benefits.
To manage costs and maximize your coverage, we encourage you to:
Choose in-network providers
Opt for generic prescriptions when available
Take advantage of programs like Hinge Health, Livongo by Teledoc, and Lyra Health
Use tax-saving options like an FSA or HSA
For 2027, La-Z-Boy is holding a passive benefits enrollment, which means most of your 2026 elections will automatically carry over. There are a few important exceptions:
You must re-enroll in any Flexible Spending Accounts (FSAs) each year. The Health Care FSA, Limited Purpose FSA, and Dependent Care FSA contributions do not carry over. If you do not enroll on or before November 13, 2026 you will not have FSA coverage for 2027.
Limits for 2027:
The maximum annual contribution limit for Flexible Spending Accounts (FSAs) and the Health Savings Account (HSA) will increase as follows:
Health Savings Account (HSA) for Health Saver Plan Participants:
The maximum contribution limit will increase to $4,500 for Individuals and $9,000 for Families.
Health Care FSA (for Standard Plan participants):
The maximum annual contribution is $3,400 and does not have a carry over limit. However, you must use your funds before March 15.
Dependent Care FSA (available to all employees):
The maximum annual contribution limit will increase to up to $7,500 per household (single or married filing jointly) or up to $3,750 if married filing separately.
If you have a Health Savings Account (HSA), your 2026 contribution election will roll over to 2027 unless you choose to actively update it.
Even with passive enrollment, this Open Enrollment period is your once-a-year opportunity to review your benefit elections and any new offerings to make sure your plans still meet your needs.
Reminder: You will not be able to make any benefit changes until next year’s enrollment period unless you have a Qualified Life Event change, such as marriage, divorce, or a new child during the year.
Dental and Vision Plans
La-Z-Boy Incorporated remains committed to keeping your benefits as affordable, fair, and competitive as possible. There will be no changes to dental and vision plans for 2027; premiums and coverage will remain the same.