2027 Annual Benefits Enrollment opens Oct. 17 and closes Nov. 7 at 7 p.m. Central time. Use these resources to help you and your family make benefits decisions.As we prepare for the 2027 Annual Benefits Enrollment period, we want to share important updates to our benefits offerings. These changes are a part of our ongoing commitment to maintain a competitive, sustainable and supportive benefits program.
New for 2026: You will need to complete enrollment and a dependent attestation (if applicable) to maintain coverage in 2027.
- Annual Enrollment for 2027 will be an active enrollment, meaning you must take action to re-enroll in medical, dental, vision, HSA, FSA and Supplemental Benefits to maintain coverage for 2027.
- Employees covering dependents will be asked to complete a dependent attestation to certify that each covered dependent continues to be eligible for coverage under our plan.
- This attestation helps ensure our plan only covered eligible dependents and supports the long-term sustainability of our benefits program.
IMPORTANT NOTE: If you do not complete enrollment by the deadline, your current elections for these benefits will not automatically carry forward for 2027.
Additionally, the following benefits changes will go into effect on Jan. 1, 2027:
Premiums for the medical plan will increase.
- Recognizing the impact of continued medical inflation, premiums for the medical plan will increase in 2027. The amount of the increase will vary between $0-$39 per month based on your coverage tier.
- ConocoPhillips continues to cover at least 90% of premiums in the Employee Medical Plan.
- There are no changes to deductibles or out-of-pocket maximums.
We will be shifting our prescription drug administrator from CVS Caremark to Express Scripts, Inc. (ESI).
- Employees will have a robust formulary of covered brand and generic drugs. In fact, 98% of participants will have no impact to covered prescriptions. See pages 3 and 4 for details on grace periods and transition support.
- Employees will have a larger network of pharmacies, mail order, and Amazon PillPack.
- Employees will receive a new prescription drug ID card in December and should provide the updated information to their pharmacy when filling medications on or after Jan. 1, 2027.
The Blue Cross Blue Shield (BCBS) network in certain states will change.
- We are adopting BCBS Select Networks where available in California, DC/Maryland, Florida, Illinois, New Hampshire, Oklahoma and Virginia. Employees who reside in those areas will receive a new medical ID card to share with their providers.
- These networks include a preferred group of doctors, specialists and hospitals while maintaining the same medical coverage and access to quality care to help manage increased health care costs for both you and the company. Most employees in these locations should continue to see that their current physicians and hospitals participate in the BCBS Select Networks.
You will see no change to premiums and coverages for all other benefits.
- There are no changes to vision, dental, life, long-term disability or supplemental benefits coverage or premiums.