USA Benefits

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Financial - Health Savings Account


Enroll in a Health Savings Account (HSA) to use pre-tax money to save on current and future health care expenses. You are able to enroll in the HSA program when you enroll in Marvell's Anthem High Deductible Health Plan (HDHP).

We Changed HSA Administrators in 2023! 

Marvell changed our Health Savings Account (HSA) administrator from Navia to HealthEquity as of January 1, 2023. If you were active in Marvell's 2022 HSA plan with Navia, you can learn more about the transition details below. 

Highlights of the HSA

  • Marvell contributes to your HSA: $600 for employee-only coverage and $1,200 for family coverage.
  • IRS maxium contributions allowed for 2023:
    • $3,850 for employee-only coverage
    • $7,750 for family coverage
  • Your HSA can be used to pay for out-of-pocket medical expenses and, if unused, roll over from year to year.

Health Savings Account Advantage

*Contributions to HSAs may be subject to state taxes in California, Alabama, and New Jersey.

Note: When a New Hire starts December 3 or later, or an employee moves to the HDHP and enrolls in an HSA with an effective date of December 3 or later, the employee is not able to contribute to their HSA and are not eligible for an employer contribution until January 1 of the following calendar year, per IRS regulations.

Understanding the HSA

It’s important to understand how the HSA works so you can make the most of this tax-advantaged benefit.