2025 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

After several years of cost increases that were below the national trend, Lam’s medical plan costs have now escalated significantly. In 2025, paycheck contributions for your Lam medical plan will increase about 10%, depending on your plan and who you cover. Overall, Lam still covers about 85% of the cost of medical coverage for you and your family.

And, for the first time in four years, your contributions for dental and vision coverage will go up slightly. If you have employee-only coverage, you’ll pay about $1 more per month for each of the plans. If you insure others besides yourself, you’ll pay $4–$5 more for dental coverage and for vision coverage. 

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 2025:

• Up to $3,000 if you have individual coverage (for a total of $4,300 with Lam’s contribution)
• Up to $5,950 if you cover yourself and one or more dependents (for a total of $8,550 with Lam’s contribution)
• Up to an additional $1,000 if you’re age 55 or older in 2025

Your 2024 contribution elections will roll over to 2025, so be sure to increase your contributions during Open Enrollment if you want to hit the new maximum amount.

To meet IRS requirements, the individual-in-family deductible for the Anthem and Kaiser Consumer Directed Health Plans (CDHPs) will increase to $3,300 (from $3,200).

The plan will begin to pay benefits for a family member once that person has met the individual-in-family deductible.

To encourage use of in-network providers, we’re changing how much you’ll pay when you go out-of-network.

When you receive care from a provider who is not part of the Anthem network in 2025, you’ll pay 50% coinsurance (up from 30%), after you meet your deductible.

When you fill your prescription at an in-network pharmacy, you’ll pay coinsurance instead of a copay for brand-name drugs.

• For preferred brand-name drugs, you’ll pay 30% (up to a $100 maximum) instead of a $30 copay.
  • Example: If your preferred brand-name drug costs $500, your 30% coinsurance would be $150, but your cost will be capped at $100.
• For nonpreferred brand-name drugs, you’ll pay 35% (up to a $150 maximum) instead of a $60 copay.
  • Example: If your nonpreferred brand-name drug costs $500, your 35% coinsurance would be $175, but your cost will be capped at $150.

If you fill your prescription at a pharmacy outside of the CVS Caremark pharmacy network, you’ll pay 50% coinsurance with no maximum.

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 2024, you must incur eligible Health Care FSA or Dependent Day Care FSA expenses by December 31, 2024, and file your reimbursement request by March 31, 2025.

You can carry over only up to $640 from your 2024 Health Care FSA to your 2025 FSA. You will forfeit any Dependent Day Care FSA balance that is unused at the end of 2024

For 2025, you can contribute up to $3,200 to a Health Care FSA. You will be able to carry over up to $640 from your 2025 Health Care FSA to your 2026 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 2025.

Note: If your projected 2025 earnings are higher than $160,000, 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 2025 if we find that the plan does not meet IRS requirements. Lam will notify you if this happens.

During Open Enrollment, you can add life and accidental death and dismemberment (AD&D) coverage for yourself and purchase coverage for your spouse or domestic partner and your children. You may be required to complete a medical exam or questionnaire.

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