SUPPORT THROUGH EVERY SEASON
2025 Benefits Open Enrollment: October 28 – November 11, 2024
Open Enrollment is your once-a-year opportunity to review your benefits coverage and make adjustments, effective January 1, 2025, to ensure you’re enrolled in the benefits to Support a Healthy You.
Open Enrollment Materials
- Open Enrollment Postcard
- Plans at a Glance
- Open Enrollment Mailer
- Plan Documents
- Required/Legal Notices
WEBINARS
| Session |
Date |
Time |
Registration Link |
Description |
| 2025 Open Enrollment |
Tuesday, |
11 AM - 12 PM PT |
Passcode:6z$?eB^6 |
Join the Marvell Benefits Team to learn more about benefits, Open Enrollment, the positive changes for 2025, and how Marvell's benefits programs support you and your family through every season. |
| Anthem Medical |
Wednesday, |
10-11 AM PT |
Passcode: 5=S^itkZ |
Join Anthem during Open Enrollment to learn more about Anthem's enhanced customer service through Total Health Connections and the Sydney Health app. Anthem will also provide an overview of the three plans: Exclusive, Preferred, and HDHP. There will be a Q&A session to answer any questions. |
| 2025 Open Enrollment |
Monday, |
10-11 |
Passcode: zvm.3^m1 |
Join the Marvell Benefits Team to learn more about benefits, Open Enrollment, the positive changes for 2025, and how Marvell's benefits programs support you and your family through every season. |
| Health Equity HSA |
Wednesday, |
10-11 |
Passcode: L$6ej6i= |
Join Health Equity to learn about Health Savings Accounts (HSA), how they are a triple tax advantage, the benefits of having one, and how they can help you save money. There will be a Q&A session to answer any questions you may have. |
Enroll for 2025 Coverage
Starting Monday, October 28, log in to Okta and select the benefits enrollment portal to enroll or make changes no later than Monday, November 11 at 11:59 PM PT.
Review your current benefits elections. If you take no action, your 2024 benefits will roll over into 2025 unless you’re currently enrolled in any of the following:
- Tufts HMO Medical Plan. You must elect a new plan for 2025. If you do not make an election, you’ll default to no medical coverage.
- Delta Dental Buy-Up Plan. If you do not make an election, you’ll default into the Delta Dental PPO Plan.
- Health Care Flexible Spending Account (FSA), Limited Health Care FSA or Day Care FSA. Your elections will not roll over into 2025.
Frequently Asked Questions
- Q. Do I need proof of eligibility to enroll a new dependent?
A. Yes, if you’re adding a new dependent for 2025, you must provide proof of eligibility documentation. -
Q. If my spouse’s Open Enrollment period occurs after Marvell’s and I decide to enroll in their healthcare plan(s), can I update my Marvell 2025 elections?
Yes, you can still enroll in your spouse’s plan(s) for 2025. Starting January 1, 2025, you have 31 days to use the Qualified Life Event process within the benefit enrollment portal to update your benefits under “Employee Gains Other Coverage” through your spouse's plans. -
Q. What happens if I experience a change next year – my spouse changes jobs, my child turns 26, we have a new baby, etc.?
A. If you experience a Qualified Life Event, you will have 31 days to update your benefits. Learn more about life changes here. - Q. Can I get help choosing a medical plan?
A. Yes. If you're unsure which medical plan is right for you, access the benefits enrollment portal and select "I'd Like Help Choosing Plans." Answer a few questions, and the tool will help you find a plan that best matches your needs by estimating your costs and comparing medical plan options. - Q. Where can I get help enrolling?
A. Call Marvell's Benefits center, at (855) 400-MRVL (6785) from 6 AM - 3 PM PT or emailThis email address is being protected from spambots. You need JavaScript enabled to view it. to open a ticket.
What's New for 2025
Anthem Total Health Connections
All Anthem members will have access to Total Health Connections, a white-glove customer service team specifically trained on Marvell’s plans. Your personal Total Health Connections Family Advocate can help you manage your health information, discuss your claims, provide health plan information, and give you wellness tips. The Family Advocates will be able to answer most of your prescription drug questions as well. For more complicated questions, a CarelonRx representative will be added to the call to ensure you get the answers you need as soon as possible.
Anthem Total Health Connections is designed to give you a seamless and hassle-free experience so you can focus on your health and well-being.
Sydney Health App
If you're enrolled in an Anthem Blue Cross medical plan in 2025, you’ll have access to the Sydney Health app, which you can download on your smartphone or access online. The app allows you to easily manage your health care and connect with your Total Health Connections Family Advocate. You can use the app to:
- Find doctors, hospitals, and pharmacies in your network
- Review costs for services—and get help finding the lowest cost option
- View your benefits, claims, and medical ID card
- Manage your prescriptions
- Chat with a nurse 24/7 for health advice
- Schedule appointments and virtual visits
- Get personalized wellness tips and programs
- Track your health goals
- Find the name and telephone number of your Total Health Connections Family Advocate, as well as send direct messages
The Sydney Health app is your one-stop shop for all your medical needs.
Tufts Health Plan Ending December 31, 2024
As previously communicated to the Massachusetts employees enrolled in the Tufts medical plan, the plan will no longer be offered as a health care option in 2025. If you’re currently enrolled in the Tufts medical plan, you’ll need to choose a new medical option during 2025 Open Enrollment. If you’re impacted by this change, we’ll provide you with more details and guidance on how to select the best medical plan for your needs and budget.
Health Savings Account (HSA)
If you’re enrolled in the Anthem HDHP, Marvell’s contribution to your HSA will increase from $600 to $700 for employee-only coverage and $1,200 to $1,500 for family coverage.
The maximum pre-tax contribution for 2025 is increasing from $4,150 to $4,300 for employee-only coverage and from $8,300 to $8,550 for family coverage. Employees age 55 or older can contribute an additional $1,000 to their HSA.
Check out the new Health Equity HSA Calculator for examples of the Anthem HDHP (w/HSA) benefits and tax savings compared to the other Anthem plans.
Flexible Spending Acccount (FSA)
The 2025 Flexible Spending Account (FSA) maximums are:
- $3,300 for the Health Care FSA
- $3,300 for the Limited Health Care FSA
- $5,000 for the Day Care FSA
IMPORTANT: FSA dollars DO NOT roll over from year to year. Claims incurred before December 31, 2024, but not submitted by March 31, 2025, will not be eligible for reimbursement, so plan accordingly when you make your new FSA elections.
Dental Buy-Up Plan Ending December 31, 2024
The Delta Dental Buy-Up Plan will no longer be offered as a dental care option. After careful review, we determined the cost of the plan compared to the participation levels did not warrant keeping the plan in 2025. The comprehensive benefits, including a $2,000 annual implant coverage, are available through the Delta Dental PPO Plan (previously called the Delta Dental Base Plan) and will continue to be available in 2025.
If you’re currently enrolled in the Delta Dental Buy-Up Plan and you do not make a change for 2025, you and your covered dependents will automatically be enrolled into the Delta Dental PPO Plan.
Even More Lyra Sessions!
You and your eligible dependents will have access to 12 Lyra Health mental health coaching and therapy sessions per year (an increase from eight sessions per year). This means you can access more support for your emotional well-being at no cost to you. Lyra offers confidential, personalized, and evidence-based care from a network of top providers. Whether you’re dealing with stress, anxiety, depression, relationship issues, or any other mental health challenge, Lyra can help find the best solution for you. Learn
more about Lyra and how to sign up at marvell.lyrahealth.com.
Did you know that Lyra recently launched Lyra Care for Teens, a specialized virtual care model tailored to adolescents? This program features age-appropriate content, assessments, and virtual sessions led by therapists specializing in teen mental and behavioral health. After registering for their first appointment, your teen will create their own Lyra account to access online resources and messaging with their therapist. Parental consent is required, and parents must attend the initial session.
Health Savings Accounts: A Strategic Financial Tool
The Health Savings Account (HSA) is a tax-advantaged savings account designed to help you save for medical expenses. The HSA offers a unique combination of tax benefits and flexibility, making it an attractive option for those looking to manage their healthcare costs while also planning for the future. You must be enrolled in the Anthem Blue Cross HDHP to enroll in the HSA.
Tax Advantages of the HSA
The HSA offers several significant tax advantages:
- Tax-deductible contributions: Contributions to the HSA are tax-deductible, reducing your taxable income for the year. This can result in substantial tax savings, especially for individuals in higher tax brackets.
- Tax-free growth: The funds in your HSA grow tax-free. Any interest or investment gains earned within the account are not subject to federal income tax, allowing your savings to compound over time.
- Tax-free withdrawals: Withdrawals from your HSA for qualified medical expenses are tax-free. This includes a wide range of health care costs, from doctor visits and prescriptions to dental and vision care.
The HSA and Retirement Planning
While the HSA is primarily designed to cover medical expenses, it can also be a powerful tool for retirement planning.
- Long-term savings: Unlike the Health Care Flexible Spending Account, the HSA does not have a “use-it-or-lose-it” policy. The funds in your HSA roll over year after year, allowing you to build a significant nest egg over time.
- Investment opportunities: The HSA also offers investment options, enabling you to grow your savings. These investments can enhance your retirement portfolio and provide additional financial security.
- Post-retirement medical expenses: Healthcare costs often increase with age. The HSA can help you cover these expenses in retirement without dipping into your other savings or retirement accounts.
- Penalty-free withdrawals at age 65: After you turn 65, you can withdraw funds from your HSA for any purpose without incurring a penalty, though the withdrawals will be subject to income tax if not used for qualified medical expenses.
Should You Enroll in the Anthem Blue Cross HDHP with HSA?
Enrolling in the Anthem Blue Cross HDHP to access the HSA should be a strategic decision. Here are some factors to consider:
- Health care needs: Assess your health care needs and expenses. If you anticipate low to moderate health care costs, an HSA can help you save on premiums and out-of-pocket expenses. Don’t forget, with the Anthem Blue Cross HDHP, you’ll need to cover the larger deductible out of pocket before the plan will pay a portion of covered expenses.
- Tax benefits: Consider the tax advantages. If you are in a higher tax bracket, the tax-deductible contributions and tax-free growth can provide significant savings.
- Long-term financial goals: Evaluate your long-term financial goals. If you are looking for ways to enhance your retirement savings, the HSA’s investment options and rollover benefits make it an attractive choice.
- Marvell’s contributions: In 2025, Marvell’s contribution will increase to $700 for employee-only coverage and $1,500 for family coverage. These contributions can significantly boost your savings and help you cover out-of-pocket expenses before you meet your deductible.
Health Savings Accounts are more than just a way to pay for medical expenses—they are a versatile financial tool that can benefit you now and in retirement. By understanding their tax advantages and strategic uses, you can make an informed decision during this year's Open Enrollment. Take the time to evaluate your health care needs, financial goals, and eligibility to determine if the Anthem Blue Cross HDHP with HSA is the right choice for you.
Check out the new Health Equity HSA Calculator for examples of the Anthem HDHP (w/HSA) benefits and tax savings compared to the other Anthem plans.
THERE ARE CHANGES IN MY PERSONAL LIFE
Marvell understands that life takes unexpected twists and turns. Review the information available to keep you on track and find out what resources are available for you and your family.
Child Aging Out
Medical, Dental and Vision Coverage
Make sure to review the below guidelines on eligibility for your children.
- Children up to age 26 can remain on your medical, dental, vision, life and AD&D insurance, regardless of tax dependency, residency, financial support, student or marital status. Coverage will terminate at the end of the month in which your child turns 26.
- Your adult child will be eligible to continue medical coverage by enrolling in COBRA and paying the full premium amount or you may purchase coverage within 60 days through the healthcare exchange. For more information about finding coverage through the healthcare exchange, visit www.healthcare.gov.
- For the Group Legal Plan, member's Coverd Spouse, and the Member's unmarried dependent children, including stepchildren, legally adopted children, children placed in the home for adoption and foster children, are all covered up to age 26.
Getting Divorced/Legally Separated
Updating Your Marvell Benefits
Make sure to review the below items to make sure your benefits and information with Marvell is up-to-date.
Whether you are removing an ex-spouse from your benefits or adding yourself to Marvell's benefits after losing coverage, login at Benefits Enrollment Site within 31 days of the life event, click on link Change My Benefits > Life Events and follow the steps outlined. After you submit the changes you will receive an email from Marvell's benefits administrator, Businessolver, within 1 - 2 days asking for proof documentation of the life event. Once you upload your documents through your Benefits Enrollment portal, Businessolver will review the proof documentation and your benefit changes will be complete. Your ex-spouses coverage will run through the end of the month of the divorce.
Other Areas to Update
- Marital Status
- Login to Workday and update your marital status as well as your emergency contact. Any changes made to Workday will sync with the Benefits Enrollment Portal within 3 days.
- Tax Witholdings
- If you would like to change the number of allowances on your W2 please email
This email address is being protected from spambots. You need JavaScript enabled to view it. .
- If you would like to change the number of allowances on your W2 please email
- Beneficiaries
- You’ll have the option to update your beneficiaries for Life and AD&D Insurance when you update your benefits.
- Make sure to also update your 401(k) beneficiaries at www.schwab.com/workplace. Please note, your marital status within Workday will need to be updated prior to updating your beneficiaries within your Schwab portal.
- Retirement Planning
- Now's the time to reevaluate your 401(k) contributions. Visit www.schwab.com/workplace and review your contribution percentage.
- Want retirement advice from an expert? Once logged into your Schwab account, click on the Advice tab to access tools to help you determine how much to contribute to your account or schedule a call with a Retirement Advice Consultant for a personalized review of your account and recommendations to help you maximize your retirement goals.
- Estate Planning Documents
- Protect your assets by making sure your estate planning documents are in order.
- If you are enrolled in the Legal Plan, you can create estate planning documents or update your existing documents for free (notary fee not included).
- If you didn't enroll in the Legal Services Plan, Marvell has a few other resources to help you create a simple will.
THERE ARE CHANGES IN MY PERSONAL LIFE
Marvell understands that life takes unexpected twists and turns. Review the information available to keep you on track and find out what resources are available for you and your family.
Getting Married
Updating Your Marvell Benefits
Whether you are enrolling your spouse in Marvell’s benefit plans or removing yourself from Marvell’s plans to enroll in your spouse’s employer benefits, you have 31 days from the date of the marriage to make all changes. Go to the Enrollment Portal, click on Change My Benefits > Life Events and follow the steps outlined. After you submit the request to update your benefits, you will receive an email from Marvell's benefits administrator, Businessolver, within 1 – 2 days requesting proof documentation of the life event.
What Are Acceptable Supporting Documents to Enroll My Spouse?
You can upload official documentation through your Enrollment Portal. Once Businessolver team reviews the documentation, your benefit changes will be complete. All benefit changes will be effective as of the date of your marriage. Please visit the Eligibility page for a list of acceptable documents.
Note: If you are enrolling your spouse's child(ren) to your Marvell benefits, you will be required to provide proof documentation for the child. Learn more here.
Other Areas to Update
- Marital Status: You can follow these steps to update your marital status as well as your emergency contact within Workday. Any changes made to Wokday will sync with the Benefits Enrollment Portal within 3 days.
- Tax Withholdings: If you would like to change the number of allowances on your W2 please email
This email address is being protected from spambots. You need JavaScript enabled to view it. . - Beneficiaries: You’ll have the option to update your beneficiaries for Life and AD&D Insurance when you update your benefits. Make sure to also update your 401(k) beneficiaries at www.schwab.com/workplace.
- Last Name in Marvell's Records: If you legally changed your last name, please create a case using the HR Service Center after receiving proof documentation of the name change. The HR Service Center will give you instructions on the type of proof documentation accepted and how to initiate the name change in Marvell's records. As a reminder, never send a document that contains your Social Security Number (SSN) over email.
Financial Planning
Don't forget to plan for you and your spouse's financial future! Make sure to check these items off your financial to-do list:
- Retirement Planning: Now's the time to reevaluate your 401(k) contributions. Visit www.schwab.com/workplace and review your contribution percentage. Want retirement advice from an expert? Once logged into your Schwab account, click on the Advice tab to access tools to help you determine how much to contribute to your account or schedule a call with a Retirement Advice Consultant for a personalized review of your account and recommendations to help you maximize your retirement goals.
- Life Insurance: When you update your benefits within 31 day of marriage, you will also have the opportunity to purchase Life and AD&D Insurance for your spouse through payroll deductions. We also recommend you obtain quotes from other insurance carriers to make sure you are choosing the right policy for you and your spouse.
- Estate Planning Documents: Protect your spouse and your assets by making sure your estate planning documents are in order. If you are enrolled in the Legal Plan, you can create estate planning documents or update your existing documents for free (notary fee not included).
Having/Adopting a Child
Adding Baby to Your Marvell Benefits
- Once baby is born go to the Benefits Enrollment Site, click on Change My Benefits > Life Events and follow the steps outlined to update your benefits.
- Your benefit changes will not be approved until you provide proof documentation of your baby's birth. Upload the proof documentation (copy of birth record from hospital is sufficient) through your Benefits Enrollment portal and Marvell's benefits administrator, Businessolver will finalize your benefit changes.
Paid Time Off When Baby Arrives
Time off to bond with a new born, adopted child, or child placed in your care is important, which is why Marvell provides up to 12 weeks of paid time off* to care for and bond with a new child. Create an HR ServiceNow ticket (Category: Benefits) at least 30 days in advance of your time off to schedule a meeting with the Leave of Absence Coordinator. During the meeting, the Leave of Absence Coordinator will provide you with an overview of the leave process, answer your questions, and provide you with a Marvell Baby Onesie. Post a photo of your Marvell Baby on the #marvell-brand Slack channel!
*Eligibility requirements for the 12 weeks of paid leave can be found in the Leave of Absence Guides and the U.S. Employee Handbook on ServiceNow.
- Maternity Leave At least three months prior to your due date, please create an HR ServiceNow ticket (Category: Benefits) to schedule a time to meet with the Leave of Absence Coordinator to talk about your time off options. After the disability portion of the leave, you are eligible for 12 weeks of paid time off to bond with baby within a 12-month period (before baby turns 1).
- Bonding Leave Create an HR ServiceNow ticket (Category: Benefits) at least one month prior to the baby's due date to meet with the Leave of Absence Coordinator and talk about time off options. The non-birthing parent is eligible for up to 12 weeks of paid time off to bond with baby within a 12-month period (before baby turns 1).
Growing Families
When it comes to your growing family, the more resources and guidance, the better! Marvell offers a wide variety of services that can benefit you and your growing family. Visit the Growing Families page for more information.
Contents:
- Growing Family Benefits
- Paid Time Off
- Adding Baby to Your Marvell Benefits
- How Much Will a Delivery Cost?
- Free Snoo Rental
- Mothers' Rooms
- Resources for Expectant and New Parents
- Baby Blues
- Dealing with Grief
WELCOME ABOARD!
As a Marvell intern, you’re eligible for a number of benefits that support your health and well-being. Note: Interns are NOT eligible for benefits through Desjardins.
Here are some important programs and perks to keep in mind:
Mental and Physical Health
Keep both your body and your brain in top condition.
Mental and Physical Health
Lyra Health
Along with physical well-being, mental well-being is a key component of your overall health and happiness. Our mental health platform, Lyra Health, ensures you always have the emotional support you need by connecting you to important resources like counseling, coaching and digital courses.
Sword
Start your journey to living pain free with Sword, virtual physical care for back, joint and muscle pain that you can do from the comfort of home, or anywhere. Combining the best in human care with easy-to-use technology, Sword offers a proven and more convenient option than traditional in-person physical therapy.
Work and Life
Time Off
Maintain a healthy work-life balance by taking time off to rest, relax and recharge.
- Paid Holidays: You’re eligible for all company-paid holidays that occur during your internship.
- Vacation: All interns will receive 4% vacation pay included in bi-weekly pay with the exception of interns in Quebec who will accrue 1 vacation per month.
- Sick Time: If you’re a full-time intern, you have 10 sick days per calendar year at the time of your hire. This time can be used to tend to your or a family member’s illness, or to engage in preventive care for yourself or a family member.
- Recharge Weekends: You get to participate in our quarterly paid recharge weekends, which give you four days off to disconnect from work and recharge your batteries.
Family
Marvell employees have a free premium membership with Care.com. Find and book providers through Care.com's website, including babysitters, pet sitters, tutors, and much more.
Activate your free membership at http://marvell.care.com/ using your Marvell email address.
Marvell also offers Cleo Caregiving! Cleo is a family support benefit for every stage of life, including caring for yourself. Your Cleo Guide can assist you with all your caregiving needs, including comprehensive support as you transition into post-college life with a focus on career development and overall well-being. Cleo offers 1:1 guidance and support, resources and tips, virtual workshops and expert sessions, access to a network of specialists and experts, and more - all 100% paid for through your employer as part of your employee benefits. Sign up now by downloading the Cleo app and creating an account.
Philanthropy
Philanthropy
Interns will receive a $20 cause card to be donated to an eligible non-profit of their choice in the program during their internship. An email with instructions on how to use the cause card will be sent within the first month of hire.
Interns can participate in Volunteer Time Off Program and/or the Company Match Program to request company match dollars towards eligible charitable organizations.
WELCOME ABOARD!
As a Marvell intern, you’re eligible for a number of benefits that support your health and well-being.
Here are some important milestones to keep in mind:
- Benefits enrollment period: You have 31 days from the start of your internship to enroll in your medical, dental and vision plans.
- Benefits coverage period: Intern must be working 30 hours a week or more to be benefit eligible. When leaving Marvell or you un-enroll in coverage due to a qualifying life event, your medical, dental, and vision benefits will continue until the end of the month.
Mental and Physical Health
Keep both your body and your brain in top condition.
Medical
Medical coverage is the cornerstone of your physical well-being. Depending on where you live, you have these medical plan options to choose from:
Dental and Vision
Dental
Enroll in the Delta Dental PPO plan for access to comprehensive dental coverage, including orthodontics coverage.
Vision
You can choose between two VSP vision plans: the Base Plan and the Buy-Up Plan. By paying more for the Buy-Up Plan, you get enhanced coverage to receive a second pair of glasses or an additional contact lens allowance during the same calendar year.
Mental and Physical Health
Lyra Health
Along with physical well-being, mental well-being is a key component of your overall health and happiness. Our mental health platform, Lyra Health, ensures you always have the emotional support you need by connecting you to important resources like counseling, coaching and digital courses.
2nd.MD
As a Marvell intern, you and your eligible family members have an exclusive, no cost membership to 2nd.MD, an expert medical consultation and navigation service. 2nd.MD connects you with board-certified, elite specialists from top medical institutions for virtual medical consultations via phone or video from the comfort of home. Whether you’re faced with a new or existing diagnosis, upcoming surgery, or healthcare decision and want to learn more about your treatment options, 2nd.MD connects you with experts who can help.
Note: Marvell provides 2nd.MD for all employees (regardless of medical plan enrollment), spouses, children, parents, grandparents, and siblings.
Sword
Start your journey to living pain free with Sword, virtual physical care for back, joint and muscle pain that you can do from the comfort of home, or anywhere. Combining the best in human care with easy-to-use technology, Sword offers a proven and more convenient option than traditional in-person physical therapy.
Work and Life
Time Off
Maintain a healthy work-life balance by taking time off to rest, relax and recharge.
- Paid Holidays: You’re eligible for all company-paid holidays that occur during your internship.
- Sick Time: If you’re a full-time intern, you have 10 sick days per calendar year at the time of your hire. This time can be used to tend to your or a family member’s illness, or to engage in preventive care for yourself or a family member.
- Recharge Weekends: You get to participate in our quarterly paid recharge weekends, which give you four days off to disconnect from work and recharge your batteries.
Financial
Save money now, so you can stash some away for your future.
- Commuter benefits: Eligible expenses include bus, light rail, vanpool, public transportation and more!
- Discounts: Looking to save some $$? Check out these discounts!
Family
Marvell employees have a free premium membership with Care.com. Find and book providers through Care.com's website, including babysitters, pet sitters, tutors, and much more.
Activate your free membership at http://marvell.care.com/ using your Marvell email address.
Marvell also offers Cleo Caregiving! Cleo is a family support benefit for every stage of life, including caring for yourself. Your Cleo Guide can assist you with all your caregiving needs, including comprehensive support as you transition into post-college life with a focus on career development and overall well-being. Cleo offers 1:1 guidance and support, resources and tips, virtual workshops and expert sessions, access to a network of specialists and experts, and more - all 100% paid for through your employer as part of your employee benefits. Sign up now by downloading the Cleo app and creating an account.
Philanthropy
Philanthropy
Interns will receive a $20 cause card to be donated to an eligible non-profit of their choice in the program during their internship. An email with instructions on how to use the cause card will be sent within the first month of hire.
Interns can participate in Volunteer Time Off Program and/or the Company Match Program can request company match dollars towards eligible charitable organizations.
