Join a webinar to learn more about the 2024 benefit plans. Please note, additional webinars will continue to be added as we confirm availability. 

To keep up with continually rising health care costs, employee medical contributions have changed. Marvell will continue to cover more than 80% of the medical plan costs. There will be no changes to what you pay for dental or vision plans.

Medical Premiums

These premiums are what you pay monthly depending on the plan you elect and the number of dependents you cover.

Opt-Out Credit

In an effort to control costs for employees enrolled in our medical plans, the $250 opt-out credit will be discontinued for employees who opt-out of Marvell’s medical plans. If you previously opted out of Marvell’s medical coverage because you’re covered through your spouse’s plan, it might be a good year to review your options and determine which plan makes the most sense for you and your family. Unless you make an active medical plan election, you will automatically continue to waive medical coverage in 2024.

Dental Premiums

These premiums are what you pay monthly depending on the plan you elect and the number of dependents you cover.

Vision Premiums

These premiums are what you pay monthly depending on the plan you elect and the number of dependents you cover.

We listened to your feedback, and we're improving our dental benefit to better meet your needs.

After an extensive review of dental carrier plans, we’ve decided to stay with Delta Dental, as it still offers the most comprehensive coverage and retains the largest network. To improve your access to care, we’ve made three big changes:

1. We’re aligning the plan benefits, so you’ll pay the same coinsurance whether you receive care from a Delta PPO dentist, a Delta Premier dentist or an out-of-network dentist. This change, which applies to both the Base and the Buy-Up Plan, will give you more choices in where you go for dental care.
2. We’re significantly increasing the reimbursements to out-of-network dentists. Balance billing may still apply if you go to an out-of-network provider for care, so typically you’ll pay less if you stay in-network.
3. Under both the Base and Buy-Up Plans, you’ll be able to receive diagnostic and preventive services without meeting your deductible. That means your annual preventive dental checkups will cost you $0.

Delta Dental Plans

*Increased reimbursements to out-of-network dentists. Please note that patients may be balance billed for charges over and above reimbursement levels.

You’ll see some changes to your prescription drug coverage under all Anthem medical plans.

• For Tier 2, Tier 3 and Tier 4 medications, you’ll pay coinsurance with minimum and maximum costs per prescription (see Medical Plan Details). Anthem Blue Cross HDHP members will need to meet their deductible first. Log in to anthem.com/ca and find your medications using the “Price a Medication” tool; estimate your medication cost in 2024 by multiplying the price shown by your coinsurance. Tier 1 prescriptions will remain at a $10 copay. If you’re enrolled in the CarelonRx Cost Relief program, you’ll continue to pay less for your eligible specialty medications.
• If your doctor prescribes a brand-name medicine that’s available as a generic, your pharmacy will give you the preferred generic option unless your provider indicates “Dispense as Written.” Generic medicines cost less but have the same strength and active ingredients as the brand-name versions.
• Home Delivery and Rx Maintenance 90 
  • Short-term medications—prescriptions for up to 30 days—can be filled at any in-network pharmacy
  • Long-term medications—prescriptions you take regularly for over 30 days—must be filled through mail order or specific Anthem pharmacies for a 90-day supply. Current eligible medications listed on this prescription drug page. If you're impacted by this change, you'll receive a letter from Anthem.
  • Enroll in home delivery by calling the number on the back of your member ID card or fill out the home delivery order form found in the forms section of anthem.com/ca. 
• The CarelonRx Specialty Condition Management program assists with managing your chronic condition. If you’re enrolled, you’ll be contacted by a nurse to guide you through your specific care goals and treatment options.

Anthem Prescription Drug List

Prescription Drug Coverage

At this time, the IRS has not released the 2024 maximum contributions. When the IRS releases updated contribution maximums, we’ll post them below. Employees who elect the current maximum will have an opportunity to increase to new max, if and when it it released by the IRS. 

2023 Flexible Spending Account (FSA) maximums are:

• $3,050 for the Health Care FSA
• $3,050 for the Limited Health Care FSA
• $5,000 for the Day Care FSA

Your elections in any type of FSA will not carry over to next year.

IMPORTANT: Your FSA dollars DO NOT roll over from year to year, and there is NO grace period to incur claims, so plan accordingly when you make your new FSA elections.

• Enroll in an HSA plan when you elect the Anthem HDHP.
• The HSA has many advantages: It’s always yours to keep, even if you change jobs; it reduces your taxable income, since you pay no taxes when you put money in or take money out; it lets you invest funds exceeding $1,000, yielding tax-free earnings; and it helps you plan for your future.
• Marvell contributes to your HSA: $600 for employee-only coverage and $1,200 for family coverage.
• IRS maximums for 2024 will increase:

*Employees ages 55 or older can contribute an additional $1,000 to their HSA.

The voluntary critical illness plan will move from MetLife to Lincoln Financial Group, our disability benefit administrator. By having disability and critical illness benefits under one administrator, we’ll be able to reduce your costs for coverage. If you’re receiving short-term disability benefits, Lincoln will automatically process covered critical illness claims, as applicable.

Before you enroll in critical illness insurance, it’s important to understand the limitations of the plan. Only certain conditions are considered covered conditions, the plan does not pay for all illnesses. Please carefully review the Benefits Plan Summary  before you enroll, so you understand if critical illness coverage is right for your family’s financial plan.