2024 Open Enrollment

A person is your spouse if you are legally married to each other, and the marriage has not been legally terminated, and you and your spouse are not legally separated.

All the following criteria must be met for your same-sex or opposite-sex domestic partner to qualify for coverage:

• You are both at least 18 years old and live together in the same residence and intend to do so indefinitely. You have resided in the same household for at least 12 months.
• You are engaged in an intimate, committed relationship of mutual caring and support and are jointly responsible for your common welfare and living expenses.
• You are each other’s sole domestic partner, and you intend to remain so indefinitely.
• Neither of you is married nor have you had another domestic partner within the prior 12 months.
• You are not related by blood to such a degree that you would be prevented from marrying in the state in which you live.

• A child who is under age 26 who is:
  • Your, your spouse’s, or your domestic partner’s natural child, stepchild, or legally adopted child or a child who is in the process of being adopted
  • A child for whom you, your spouse, or your domestic partner has been appointed legal guardian
  • A child for whom you, your spouse, or your domestic partner is required to provide coverage under a qualified medical child support order
• An unmarried child of any age if he or she is dependent on you, your spouse, or your domestic partner for support due to a physical or mental disability

You’ll see a small increase in 2024 per-pay-period contributions for medical coverage. You also may pay more when you receive care, with higher deductibles and more cost sharing through copays and coinsurance.

The following is a list of plan changes for 2024. To see plan features side by side, review the 2024 medical plan comparison chart.

Anthem Base PPO

• Specialist copays will increase to $40 (from $30 in 2023).
• For other services, the amount you pay in coinsurance will increase to 20% (from 15% in 2023). 
• The out-of-pocket maximum will increase to $3,500 (from $3,000 in 2023) when you have individual coverage and to $7,000 (from $6,000 in 2023) when you have family coverage. 
• Some over-the-counter hearing aids will be covered when prescribed by your doctor.

Anthem CDHP with HSA

• The deductible for an individual within a family will increase to $3,200 (from $3,000 in 2023) to align with IRS requirements for plans that qualify for an HSA. (The individual and family deductibles will remain $2,000 and $4,000, respectively.)
• The amount you pay in coinsurance when you receive care or fill a prescription after you meet your deductible will increase to 20% (from 15% in 2023).
• The in-network out-of-pocket maximum will increase. Once you satisfy the annual maximum, the plan will cover services at 100%:
  • Individual: $4,000 (compared to $3,000 in 2023)
  • Individual within a family: $4,000 (compared to $3,000 in 2023)
  • Family: $8,000 (compared to $6,000 in 2023)
• Anthem CDHP members who use specialty medications may save on some prescriptions by enrolling in the PrudentRx program (which is currently available only to Anthem Base PPO members). The program helps participants apply for drug manufacturers’ copay assistance for certain covered specialty medications.
• Some over-the-counter hearing aids will be covered when prescribed by your doctor.

New Kaiser Deductible HMO

The Kaiser HMO is being updated to a new Kaiser Deductible HMO for 2024.

• The updated plan has a $250 annual deductible for individual coverage, and a $500 deductible for family coverage. You’ll need to meet your deductible before the plan covers a portion of most costs.
• PCP visit copays will remain $20.
• Specialist visit copays will increase to $30 (from $20 in 2023).
• Emergency room copays will increase from $100 to $200 after deductible (the deductible does not apply to ER visits for Kaiser members in Oregon and Washington).
• Inpatient hospital stays will increase from a $250 copay per admission to 20% coinsurance after deductible.
• Prescription drug copays will increase to $30 (from $20 in 2023) for brand-name drugs. For specialty drugs, you’ll pay 20% coinsurance after you’ve met your deductible, up to $250.
• The out-of-pocket maximum will increase. Once you satisfy the new maximum, the plan will cover services at 100%:
  • Individual: $2,500 (compared to $1,500 in 2023)
  • Family: $5,000 (compared to $3,000 in 2023)

Kaiser CDHP with HSA

• The deductible for an individual within a family will increase to $3,200 (from $3,000 in 2023) to align with IRS requirements for plans that qualify for an HSA. (The individual and family deductibles will remain $2,000 and $4,000, respectively.)
• PCP visits will increase from a $30 copay after deductible to 20% coinsurance after deductible.
  • Exception: Kaiser members in Oregon will pay $0 or a $5 copay after deductible for the first three visits per year of any combination of primary care, nonspecialty medical services, mental health outpatient services, naturopathic medicine visits, substance use disorder outpatient services, or telemedicine services.
• Specialist office visits will increase from a $30 copay after deductible to 20% coinsurance after deductible.
• Emergency room visits will increase from a $100 copay after deductible to 20% coinsurance after deductible.
• Inpatient hospital stays will increase from $250 per admission after deductible to 20% coinsurance after deductible.
• Prescription drug copays will increase to $30 (from $20 in 2023) for brand-name drugs. For specialty drugs, you’ll pay 20% coinsurance after you’ve met your deductible, up to $250. 
• The out-of-pocket maximum will increase. Once you satisfy the new maximum, the plan will cover services at 100%:
  • Individual: $4,000 (compared to $3,000 in 2023)
  • Individual within a family: $4,000 (compared to $3,000 in 2023)
  • Family: $8,000 (compared to $6,000 in 2023)

We’re consolidating our three Delta Dental plans into two plans: the Base Plan and the Premium Plan. Here’s what you need to know, depending on which plan you’re currently enrolled in.

The Base Plan will provide the same in-network benefits in 2024 as the current Enhanced Plan.* There will be two differences for out-of-network services in 2024, compared to the current Enhanced Plan:

• Out-of-network annual deductible: $75 individual and $150 family (compared to $50 individual and $100 family in 2023)
• Out-of-network basic services: You pay 30% coinsurance (compared to 20% coinsurance in 2023)

The Premium Plan will provide the same plan benefits in 2024 that it provides in 2023.*

Both the Base and Premium plans include SmileWay wellness benefits, which provide additional teeth and gum cleanings throughout the year if you’ve been diagnosed with a chronic medical condition and have a higher risk of gum disease. 

* Participants who don’t qualify for the SmileWay program will be eligible for two cleanings per year (compared to three in 2023).

If you enroll in a Consumer Directed Health Plan (CDHP), Lam will make a generous contribution of $1,300 to your Health Savings Account (HSA) if you have individual coverage and $2,600 if you cover yourself and one or more dependents. Plus, you can contribute even more to your HSA, with higher IRS limits in 2024:

• Up to $2,850 if you have individual coverage (for a total of $4,150 with Lam’s contribution)
• Up to $5,700 if you cover yourself and one or more dependents (for a total of $8,300 with Lam’s contribution)
• Up to an additional $1,000 if you’re age 55 or older in 2024

Your 2023 contribution elections will roll over to 2024, so be sure to increase your contributions during Open Enrollment if you want to hit the new maximum amount.

You automatically receive disability insurance coverage from Lam.

With changes in many states’ requirements, the administration of disability and family leave programs has become more complex. It’s also becoming more costly, as more states require employer and/or employee contributions to state-run programs.

Lam continues to offer benefits that are more generous than the state requirements. You’re automatically enrolled in Lam’s short-term disability (STD) and long-term disability (LTD) insurance for less money than you’d pay for state-run programs.

Update for 2024

You’ll pay 0.5% of your base pay up to $159,000 for STD (called VDI in California), up to a maximum of $795 per year. (In 2023, the maximum was $600.)

Although we strongly recommend that you do not pass up this protection, you can opt out of STD coverage during Open Enrollment—unless you live or work in California, Colorado, or Oregon.

If you’re trying to quit tobacco, a health coach, along with nicotine-replacement therapy, may help you through the transition. In 2024, Lam will be adding free nicotine-replacement therapy through Virgin Pulse to our tobacco cessation program.

Depending on where you live, you have up to four medical plans to choose from. All the plans cover preventive care at no additional cost to you, offer coverage for prescription drugs, and provide financial protection in the event of a major illness or injury.

With the changes to the way the medical plans share costs with you, this is a good time to look at whether the Anthem CDHP or Kaiser CDHP might be a smart choice for you.

4 reasons to think about moving to a CDHP

1. Your per-paycheck contributions will be lower than with the Anthem Base PPO or Kaiser Deductible HMO.
2. You can keep your current Anthem or Kaiser doctors, hospitals, labs, etc.
3. Lam’s contribution to your Health Savings Account (HSA)—$1,300 if you have individual coverage or $2,600 if you also cover your dependents—will offset at least 65% of your medical plan deductible.
4. You can add even more to your HSA, for a total of $4,150 if you have individual coverage or $8,300 if you also cover your dependents. Plus, you can contribute another $1,000 if you’re 55 or older.

For help choosing among your plan options, just answer a few questions in the medical plan selection support tool. 

Your medical plan from Lam (or somewhere else) pays for care to keep you healthy and get you back on your feet when you’re sick or injured. But medical insurance won’t help you pay your rent or other everyday expenses.

That’s where these voluntary supplemental medical benefits from MetLife come in handy. The plans pay money directly to you, which you can use for your out-of-pocket medical expenses, like copays and deductibles—or for household expenses and bills.

You can only enroll in the supplemental medical benefit plans during Open Enrollment. You can purchase coverage for yourself, your spouse or domestic partner, and your children, without answering health questions. You pay for these plans with after-tax payroll deductions, so any benefits you receive are not taxed when a claim is paid.

• Accident insurance pays you a lump-sum payment if you’re injured in an accident.
• Hospital indemnity insurance pays you a lump-sum payment when you’re admitted to a hospital—plus a per-day payment for each day of your stay. The plan covers hospitalization due to injury, illness, and childbirth.
• Critical illness insurance provides you with a lump-sum payment of $15,000, $30,000, or $50,000 (depending on the coverage level you select) when you’re diagnosed with a covered serious condition.

Earn a $50 screening benefit

If you enroll in the hospital indemnity plan and/or critical illness plan, you and your covered dependents can each earn a $50 annual benefit when you complete one of more than 50 eligible health screenings.

For 2023, you must incur eligible Health Care FSA or Dependent Day Care FSA expenses by December 31, 2023, and file your reimbursement request by March 31, 2024.

You can carry over only up to $610 from your 2023 Health Care FSA to your 2024 FSA. You will forfeit any Dependent Day Care FSA balance that is unused at the end of 2023.

For 2024, you can contribute up to $3,050 to a Health Care FSA. You will be able to carry over up to $610 from your 2024 Health Care FSA to your 2025 FSA.

You can also contribute up to $5,000 to a Dependent Day Care FSA if you’re single or if you’re married and filing a joint tax return, or $2,500 if you’re married and filing separate tax returns.

You will forfeit any unused Dependent Day Care FSA balance at the end of 2024.

Note: If your projected 2024 earnings are higher than $150,000, you will be permitted to contribute only up to $2,000 to a Dependent Day Care FSA, including the 15% matching contribution from Lam. This limit is intended to help the company comply with IRS regulations regarding plan use by highly compensated employees. It is still possible that your contribution may be further reduced in 2024 if we find that the plan does not meet IRS requirements. Lam will notify you if this happens.

During Open Enrollment, you can elect the ARAG legal plan for support with a wide variety of legal concerns for you and your parents and grandparents. You can also enroll in LifeLock identity theft protection to receive proactive identity theft monitoring and expert identity restoration support, if needed.