Medical Plan Overviews | Lam Benefits

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

Use the following plan overviews to help choose coverage that’s right for you and your family. Review the 2020 plan comparison chart [PDF] or 2021 plan comparison chart [PDF] and 2020 Employee Contributions or 2021 Employee Contributions for more specifics.

Anthem CDHP with HSA

The Anthem Consumer Directed Health Plan with Health Savings Account (Anthem CDHP with HSA) is a high-deductible health plan that offers both in-network and out-of-network coverage. This plan is paired with a tax-advantaged HSA to help you save for current and future health care expenses.

What You Need to Know

You pay nothing for preventive care or most preventive care drugs.
You have lower per-paycheck costs, but you must first meet your annual deductible ($2,000 for an individual/$4,000 for a family) before the plan begins paying for nonpreventive medical costs or nonpreventive prescription drugs.
Although the family in-network deductible is $4,000, the plan will begin to pay after one family member meets a $2,800 deductible. You don’t have to meet the entire family deductible before the plan kicks in for health care costs for that family member.
You have the flexibility to use in-network or out-of-network providers—the same network of providers as the Anthem Base PPO plan—but you will always pay less if you stay in network.
Lam contributes to your HSA: up to $1,300 for employees with individual coverage and up to $2,600 for employees with family coverage.
You can contribute pretax money through paycheck deductions—up to $2,250 for individual coverage or $4,500 for family coverage in 2020 and up to $2,300 for individual coverage or $4,600 for family coverage in 2021. If you’re 55 or older, you can contribute an additional $1,000 in “catch-up” contributions each year.
You can use the funds in your HSA to pay for current medical costs or save them to cover planned—or unexpected—expenses in the future.
The HSA is yours to use forever, even if you change jobs. There is no use-it-or-lose-it rule associated with this account.

Where to Learn More

2020 Plan Comparison Chart [PDF]
2020 Employee Contributions
2021 Plan Comparison Chart [PDF]
2021 Employee Contributions
Consumer Directed Health Plans
Health Savings Account
CDHP With HSA Frequently Asked Questions [PDF]
Terms to Know [PDF]
Anthem CDHP with HSA Summary of Benefits Coverage [PDF]
Benefits Help Desk: benefits@lamresearch.com or 877-291-9494

Anthem Base PPO

Kaiser CDHP with HSA

Offering the lowest per-paycheck contribution, the Kaiser Permanente Consumer Directed Health Plan with Health Savings Account (Kaiser CDHP with HSA) is a high-deductible health plan that uses its own network of doctors and facilities. You can choose this plan only if you work in California and parts of Oregon and Washington. It is paired with a tax-advantaged HSA to help you save for current and future health care expenses.

What You Need to Know

You pay nothing for preventive care or preventive care drugs.
You have lower per-paycheck costs than with the other plans, but you must meet your annual deductible ($2,000 for an individual/$4,000 for a family) before the plan begins paying for nonpreventive medical costs or nonpreventive prescription drugs.
Although the family deductible is $4,000 for both the Kaiser California CDHP and the Kaiser Northwest CDHP, the plan will begin to pay after one family member meets a $2,800 deductible. You don’t have to meet the entire family deductible before the plan kicks in for health care costs for that family member.
There is no out-of-network option with this plan.
Lam contributes to your HSA: up to $1,300 for employees with individual coverage and up to $2,600 for employees with family coverage.
You can contribute pretax money through paycheck deductions—up to $2,250 for individual coverage or $4,500 for family coverage in 2020 and up to $2,300 for individual coverage or $4,600 for family coverage in 2021. If you’re 55 or older, you can contribute an additional $1,000 in “catch-up” contributions each year.
You can use the funds in your HSA to pay for current medical costs or save them to cover planned—or unexpected—expenses in the future.