Your Lam Research Lifestyle Account helps you fund a variety of life-enhancing opportunities for you and your family. All employees and their dependents are eligible for the Lifestyle Account. Each employee gets $500 a year.
Your Lifestyle Account is very simple to use.
- Mobile and Online Reimbursements – You can submit a payment request online or using your mobile app.
- Round-the-Clock Service – We are here for you any time you have a question, 24 hours a day, 365 days a year.
Eligible Expenses: Lifestyle Reimbursement Accounts
The goal of the Lam Lifestyle Account is to encourage a well-rounded, healthy lifestyle and to support your family’s needs. With that in mind, the company expects you to use good judgment about the expenses you submit for reimbursement. In general, items are reimbursable only in the year in which the items were purchased. Certain fitness equipment financing plans are reimbursable in the year in which the payment was made. For example, when Peloton bikes are purchased through an installment plan, payments are reimbursable in any year in which payments were made. This does not include credit card payments for purchases. Expenses paid for using rewards points or gift cards are not eligible for reimbursement through the Lam Lifestyle Account.
Adult Education / Hobbies & Tutoring
For you and your dependents
- Educational materials
- Personal enrichment/hobbies (including cameras)
- Self-improvement courses
- Tutoring (for your child or yourself)
- Other adult learning (excludes courses/materials covered under the Educational Assistance benefit)
College Admission Prep
For you and your dependents
- College admission coach or counselor
- College admission prep seminar
Financial Planning
For you and your dependents
- Estate planning
- Financial planning
- Other financial planning/fees (excludes ARAG premiums)
Fitness
For you and your dependents
- Camera/Go Pro Camera
- Exercise equipment and apparel (e.g. gym shoes, hiking boots, smart watches/step trackers)
- Fitness class or lessons
- Gym membership
- Nutrition counseling, membership fees (e.g. Weightwatchers) (excludes food and nutritional supplements)
- Smoking cessation
- Sports league or team fees and sporting equipment (baseball, baseball bat, etc.)
- Other fitness (excludes firearm, massage services, gaming consoles, and CBD oil)
Student Loans
For you, your spouse and dependents
- Parent PLUS loan payment
- Student loan payment
Investments are not FDIC insured, are not bank issued or guaranteed by Optum Financial or its subsidiaries, including Optum Bank, and are subject to risk including fluctuations in value and the possible loss of the principal amount invested.
Self-directed mutual fund investment options are made available through the services of an independent investment advisor, or your plan sponsor. Discretionary advisory services are provided by Betterment LLC, an SEC-registered investment adviser, with associated brokerage transactions provided by Betterment Securities, Member FINRA/SIPC. For details and disclosures visit betterment.com. The Schwab Health Savings Brokerage Account is offered to certain account holders through Charles Schwab & Co., Inc., Member FINRA/SIPC. For details and disclosures, visit schwab.com. Brokerage services are offered to certain account holders through TD Ameritrade, Inc., Member FDIC/SIPC and a subsidiary of The Charles Schwab Corporation. For details and disclosures, visit tdameritrade.com.
Orders are accepted to effect transactions in securities only as an accommodation to HSA owners. Optum Financial and its subsidiaries are not broker-dealer or registered investment advisors and do not provide investment advice or research concerning securities, make recommendations concerning securities, or otherwise solicit securities transactions.
Health savings accounts (HSAs) are individual accounts offered through Optum Bank®, Member FDIC, or ConnectYourCare, LLC, an IRS-Designated Non-Bank Custodian of HSAs, each a subsidiary of Optum Financial, Inc. Neither Optum Financial, Inc. nor ConnectYourCare, LLC is a bank or an FDIC insured institution. HSAs are subject to eligibility requirements and restrictions on deposits and withdrawals to avoid IRS penalties. State taxes may apply. Fees may reduce earnings on account.
Flexible spending accounts (FSAs), dependent care assistance programs (DCAPs), health reimbursement arrangements (HRAs), Commuter and Parking Benefits, Tuition Assistance Plans, Adoption Assistance Plans, Surrogacy Assistance Plans, Wellness Benefits, and Lifestyle Accounts (collectively, “Employer-Sponsored Plans”) are administered on behalf of your plan sponsor by Optum Financial, Inc. or ConnectYourCare, LLC (collectively, "Optum Financial") and are subject to eligibility and restrictions. Employer-Sponsored Plans are not individually owned and amounts available under the Employer-Sponsored Plan are not FDIC insured. This communication is not intended as legal or tax advice. Federal and state laws and regulations are subject to change. Please contact a legal or tax professional for advice on eligibility, tax treatment, and restrictions. Please contact your plan administrator with questions about enrollment or plan restrictions.
Google Play and the Google Play logo are trademarks of Google LLC. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc., registered in the U.S. and other countries.
The promotional code OPTFSA7, OPTHSA5 and OPTHRA7 cannot be applied to previously placed orders, and cannot be combined with other promotional codes. Additionally, the code cannot be used for prescription drugs or virtual care visits. Promotional codes are not transferable or redeemable for cash or credit. To apply a promotional code you must enter it prior to completing the order.
Free and expedited shipping offers do not apply to shipping outside of the contiguous United States. Additional shipping restrictions may apply.
The Optum Store is an affiliate of the UnitedHealth Group family of companies.
Your employer-sponsored plan may exclude reimbursement for certain categories of items. Check your plan document and summary plan description or contact your benefits department for specific coverage details.
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