United States

THE BASICS

Who is eligible?

All full-time, U.S. Netflix Animation Studios, non-union employees and their dependents are eligible to enroll in Netflix medical, dental, vision, 401(K), FSA and/or HSA, and life benefits. You are considered full-time if you work 24 or more hours per week. Eligible dependents are defined as: 

• Your legal spouse.

• Your domestic partner. Your domestic partner is someone you have a committed, intimate relationship with, shares your primary residence, and is at least 18 years old. 

  • • Note: Per IRS rules, premiums for domestic partners and domestic partner children are subject to taxation.

• Your child who is:

  • • Up to age 26 for medical, dental, and vision coverage

    • Disabled if he or she became disabled before age 26

    • Legally adopted or placed with you for adoption or for whom you or your spouse/domestic partner is a legal guardian or lawfully authorized foster parent

    • A child for whom you provide coverage under a Qualified Medical Child Support Order (QMSCO)

All full-time, U.S., non-union employees have 30 days from the date of hire to enroll, once your I-9 has been verified. Coverage will be effective retroactively as of your date of hire.  

Certain individuals on a NAS production are engaged through their own companies - commonly referred to as loan-out corporations. Individuals who are engaged via a loan-out corporation are not NAS employees for purposes of these benefits. NAS will contribute or provide any union-mandated benefits such as health and welfare contributions on behalf of a loan-out corporation as required by a union agreement.

MEDICAL

Netflix Animation Studios offers three medical plan options through Anthem and one plan through Kaiser so you can make the right decision for your lifestyle and healthcare needs.

Plan Options

All of the plans cover eligible preventive care at 100% when you use an in-network provider. The Anthem plans pay more of the cost when you use in-network providers than if you use out-of-network providers, and the Kaiser plan only covers benefits for in-network providers. When you visit an out-of-network (OON) provider, you and the medical plan share the cost of your care. When you visit an out-of-network provider, you and the medical plan share the cost of your care. The plan determines what the Maximum Reimbursable Charge will be. If your provider charges more than that, you’re responsible for any amount that exceeds it. You can view how this is calculated via our Summary Plan Descriptions starting on your first day.

Consider what’s important to you when choosing your coverage. Do you prefer a higher premium in exchange for lower, more predictable costs throughout the year? Or, would you prefer a lower premium with higher out-of-pocket expenses? Click here for features of each of the plans.

Review our 2026 Plan Comparison Chart for our Medical Plans to see your out-of-pocket costs for care. 

When you visit an out-of-network provider, you and the medical plan share the cost of your care. The plan determines what the Maximum Reimbursable Charge will be. If your provider charges more than that, you’re responsible for any amount that exceeds it.

What is Anthem's Advocacy Service?

Anthem’s advocacy service will be your single point of contact for your Anthem plans. The advocacy service is layered with three different tiers of care; Family advocates, Clinical advocates, & Nurse care managers.  Depending on your specific need or request, you will be paired with the correct advocate to assist you through your healthcare journey.  

HEALTH BENEFIT ALLOWANCE

Unique to our culture, Netflix gives you the freedom and flexibility to choose what’s best for your lifestyle and family. We offer an annual allowance to cover your medical, dental, and vision plan premiums. The allowance you receive is based on your medical enrollment tier. The allowance is not applied toward other benefits, such as FSAs or HSAs.

Use the cost calculator to determine if you will have a bi-weekly payroll deduction and to see how the annual allowance applies to you. 

VISION

How It Works

Netflix offers a cost-effective vision plan through Vision Service Plan (VSP) that covers an annual exam and helps you save on prescription lenses, including specialty lenses and frames, or contact lenses.

• You can use any provider you want (but you save money when you use a VSP provider).

• If you use an in-network provider, you pay a flat copay based on the service received.

• If you go out-of-network, the plan pays a set amount, and you pay the rest. You must pay the cost upfront, and then file a claim for reimbursement.

Plan Details

Every calendar year, you can get a covered exam, plus prescription lenses, lens enhancements, and frames or contact lenses. Check out our Vision Plan Details Chart for more information about what you'll pay for care. 

2026 Premiums

The chart below shows what you’ll pay each pay period based on who you cover. Use the cost calculator to see how the annual health benefit allowance applies to you.

HEALTH SAVINGS ACCOUNT (HSA)

Netflix offers a Health Savings Account (HSA) with Fidelity that is paired with our Anthem High Deductible Plan with HSA. An HSA is a triple-tax-advantaged account where you can contribute funds to the account on a pre-tax basis through payroll deductions. You can use these funds to pay for eligible healthcare, dental, and vision expenses now and in the future, including copays and deductibles.

FLEXIBLE SAVINGS ACCOUNT (FSA)

Flexible Spending Accounts (FSA) allow you to set aside pre-tax money to pay for eligible healthcare and dependent care expenses. Plan carefully, because you lose any money you don’t use at the end of the calendar year. You decide how much to contribute to your FSA(s) each year during Open Enrollment or your new hire enrollment window based on your unique needs. 

RETIREMENT PLANS

Our 401(k) Plan, administered by Fidelity Investments, helps you save for your retirement years through convenient payroll deductions. We'll help you get there by matching your 401(k) contributions dollar-for-dollar up to 4% of your eligible pay. 

MENTAL HEALTH BENEFITS

At Netflix, we know you want to produce work you are proud of. In order to perform your best, you have to feel your best. That is why we provide free access to counseling, coaching, and work-life referrals through Lyra, plus meditation and mindfulness resources through Headspace. With the Netflix health insurance plans, you can also utilize your medical benefits for therapy visits. 

LIFE & SERIOUS INJURY BENEFIT

In the unfortunate event that an employee passes away, Netflix provides a taxable $1.5 million USD Life benefit to the employee's designated beneficiary. The Life benefit provides financial protection for beneficiaries when an employee passes away. We're asked how this benefit came to be, and the answer is simple: When the need arose. After an employee working at Netflix passed away suddenly, Netflix provided a $1 million benefit (this increased to $1.5 million in 2018) to the family to help lessen their worry. That decision has since become Netflix's practice. 

FAMILY-FORMING BENEFIT

We want to make sure that all Netflix employees feel supported, no matter where they are in their family-forming journey. That’s why we partner with Carrot to offer a $60K USD lifetime benefit for employees and/or their spouses/partners to use towards their family-forming journey. This includes preservation, fertility, surrogacy & adoption services. Certain non-medical expenses are subject to taxation.

FORMA BACKUP CARE BENEFIT

Whether you need support for a couple of hours or require assistance for an entire week, our backup care benefit is designed to accommodate your personal needs when your regular care falls through. You can submit backup care expenses for your child/adult dependents and pets up to the annual reimbursement limit. The reimbursement limit is $5,000 for adults/children and $1,000 for pets. Reimbursements are taxable. 

LONG-TERM DISABILITY INSURANCE (LTD)

It’s important to us that you take care of yourself! Long-Term Disability (LTD) insurance helps supplement up to 60% of your income in the event that you are deemed disabled for more than 180 days. 

TIME OFF

We offer additional time off including vacation and sick time. 

Vacation Time

• All Non-Union, Hourly Employees: Eighteen (18) accrued vacation days**

• All Non-Union, Salaried Employees: Flexible Time Off 

Animation Holidays

• Tis’ the season for eleven (11) paid holidays each calendar year!

Sick Time

• All Non-Union, Hourly Employees: Ten (10) sick days each calendar year to care for yourself and/or dependents.*

• All Non-Union, Salaried Employees: Flexible Time Off 

Jury Duty

• Up to fifteen (15) days paid for jury service. 

Bereavement

• All Non-Union, Hourly Employees: Up to twenty (20) days to be with your loved ones.

• All Non-Union, Salaried Employees: Flexible Time Off 

Any other time off not noted here will be provided as required by law.

**Time off for the first calendar year will be prorated if you are hired on or after July 1st.  

EMPLOYEE GIVING

At Netflix, you have the ability to impact the world through the work you do. And we realize you may also want to make an impact in a more personal way. In the spirit of freedom and responsibility, you choose the eligible organization(s) important to you, and Netflix will match your contribution $2 dollars for every $1 you donate up to $20,000 USD (or local currency equivalent). 

STOCK OPTION PROGRAM (SOP) 

*Non-production employees only. 

The NAS Stock Option Program (SOP) is unique. Employees have a choice in the degree to which they invest in Netflix equity through the stock option program.

Overview

Click here to watch an overview of the Stock Option Program

The Program

Translations of the below information are available here.

You have the opportunity to choose the amount of cash and equity you want to receive. The stock allocation is completely voluntary. If you’d like to receive options, you can allocate as much eligible salary to the SOP as you’d like. The program allows you to benefit from the growth of our stock price over time by accumulating options and then exercising them later when the price of the underlying Netflix stock has risen.

What is a stock option?

A stock option is the right to purchase a share of Netflix stock at a predetermined price, called the exercise price. Options become valuable as the stock price appreciates above the exercise price. Netflix options are granted each month and expire 10 years from the grant date.

A simple way to think of a stock option is to think of it like a coupon. The coupon is valuable to you when the regular price of the item is higher than what you can buy it for with your coupon, and once they expire they are no longer valid. Let’s say you receive a coupon to buy an item at $100 until the printed expiration date. You go into the store and see that the retail price is $150. You redeem your coupon and buy it for $100, which saves you $50. In the context of stock options, you might have an option with an exercise price of $100. You exercise and sell your option later on when your stock price is $150, so your gain is $50!

Option Grants

Options are granted on the first trading day of each month. The exercise price of your options will be the closing price of Netflix stock on the day that the options are granted.

Generally, there are two factors that determine the number of options you receive:

1. the amount you are contributing to the program and

2. the cost of each option.

We calculate the monthly contribution by taking the annual amount that you’ve allocated and dividing it by twelve. The cost of each option is 40% of the exercise price. We’ll divide the monthly contribution by the cost of the option, then we know how many options you should get for the month.

As an example, assume the following:

• Your Annual Allocation: = $12,000 annually or $1,000 monthly

• Closing Price on the Grant Day: $200

Monthly Calculation:
Now you have 12 options or, in other words, the right to buy 12 shares of Netflix stock at $200.

A couple of points not mentioned above for simplicity's sake:

• We don’t grant fractional options so we always round down; any remaining amount of allocation is carried over to the next month.

• When you first join your option allocation is prorated from your hire date.

Vest Schedule

Good news! Our options are immediately vested. This means that we can exercise our options whenever we would like, subject to insider trading restrictions.

Option Expiration

Generally, your options will expire 10 years after the grant date, regardless of your employment status.

Understanding the Value of Your Options

Simply put, options gain value as the stock price appreciates above the exercise price. The higher the stock price goes above the exercise price, the more your options are worth.
Participating in the program is an investment choice that allows you to exchange salary for options. The salary you exchange goes to cover the cost of the options, which is 40% of the exercise price. You could consider this as the premium you pay to get the right to buy a share at the exercise price. When thinking about the actual value of the options, you want to consider this 40% cost as your initial investment.

In our example above, we exchanged $80 of our salary to get each option with a $200 exercise price. If we have exchanged $80 of salary for each option to buy a share at $200, our total investment will be $280 per share.

The stock price would need to go up to at least $280 before we start to make a profit on the salary we exchanged, which means the stock value must appreciate by at least 40% above the exercise price. Continuing our example, let us assume that we exercise and sell our 5 options at $300. If we invested $280 per option and sold at $300, our profit is $20 per option, or $100 total***.

This doesn’t mean that you must wait until the stock price goes up at least 40% before you exercise however. You can exercise your options at any point, as long as the stock price is above the exercise price.

***To keep the math simple, the above examples do not include taxes or fees.