We continually review the benefits we offer to make sure they’re competitive and cost-effective. Our last review led us to changes that reflect our commitment to equality and keep up with the rising cost of health care.
What’s New for 2026
Medical and Dental
- We made moderate increases in payroll deductions for the HealthSaver and PPO2 medical plans. Due to its higher level of benefits and utilization, the PPO1 plan will have more significant increases in payroll deductions.
- There will be moderate payroll deductions increases for the ITW Dental Plan.
Health Accounts
The maximum annual contribution for a Health Savings Account (HSA) — which you can elect if you are enrolled in the HealthSaver Plan — increased to $4,400 for individual coverage and $8,750 if you cover one or more family members, as determined by the IRS. If you are age 55 or older in 2026, you can also make $1,000 in catch-up contributions. The maximum amount you can contribute to a Health Care Flexible Spending Account (FSA), as determined by the IRS, increased to $3,400.
Dependent Care Flexible Spending Account (FSA)
The maximum amount you can contribute to a Dependent Care FSA, as determined by the IRS, increased to $7,500 or $3,750 if you are married and file a separate tax return.
- IRS nondiscrimination rules may require adjustment of contributions for certain highly compensated employees based on overall plan participation. Nondiscrimination testing will be completed in the first quarter, with adjustments communicated and applied automatically by April 2026.