{company name} winning with hsas
DESCRIPTION
{Company Name} Winning with HSAs. Why offer HSAs?. HSAs add value: HSAs empower health savings Maximize benefits offerings The sure win with health care reform 60% of employers likely to face ‘Cadillac’ taxes—not with HSA-powered plans HSA funds roll over from year to year - PowerPoint PPT PresentationTRANSCRIPT
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Copyright © 2013 HealthEquity, Inc. All rights reserved. HealthEquity and the HealthEquity logo are registered trademarks and service marks of HealthEquity, Inc.Confidential and proprietary. Reproduction without express written consent is prohibited.
{Company Name}Winning with HSAs
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Why offer HSAs?
HSAs add value:
• HSAs empower health savings
• Maximize benefits offerings
• The sure win with health care reform
– 60% of employers likely to face ‘Cadillac’ taxes—not with HSA-powered plans
• HSA funds roll over from year to year
Learn more at www.healthequity.com/reform
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A win for employees
HSAs add value:
• Employee HSA deposits are not taxed and reduce the taxable income of users
• HSA withdrawals used for qualified health care expenses are not taxed
• HSA deposits earn tax-free interest
• HSA funds are FDIC-insured
• HSA funds can be used post-retirement (after age 65) for medical and non-medical expenses without penalty, much like an IRA
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Who qualifies for an HSA?
To own an HSA, employees should:– Be covered ONLY by an HSA-qualified
health plan• Other health coverage (including
Medicare, a traditional health plan, or even an FSA) may disqualify them from the HSA
– Not be claimed as a dependent on someone else’s tax return
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How an HSA works
- Larger monthly premiumpaid to insurance company
- Lower deductible
Traditional health plan vs. HSA-powered plan
- Lower monthly premium- Higher deductible
- Money into savings account
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How an HSA works
Employee and/or employer
$
$
Qualified medical expenses:Exams, prescriptions, procedures, vision, dental and more
Employee HSA
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Maximize your savings
2015 max contributions allowed by IRS: • Single-coverage: $3,350
• Family-coverage: $6,650
• Catch-up contribution, age 55+: $1,000
How to fund your HSA:• Make pretax contributions through payroll deduction, online,
or directly to HealthEquity
• Fully fund your HSA on day one
• Make contributions anytime after your HSA is open
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Powerful tools
• Members can use their portal to– Check their balance– Review transactions– Review claims– Submit new claims or documents– Send payments and reimbursements– Access tax documents
• Convenient access– Online– Using our free mobile app– By telephone
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Communicating with employees
Keeping it simple and relevant• Personas help individuals identify ways
that they could utilize an HSA personally.• HealthEquity member education site:
www.healthequity.com/HSALearn
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Monthly member webinars
Three-part series:1. HSA Basics2. Tips to Maximize Your HSA Savings3. Member Portal Overview
Each session taught twice each month by a trained and certified HSA expert.
www.HealthEquity.com/webinars
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Helpful member support
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Always availableOur member services are taking calls 24 hours a day, every day of the year
Every step along the wayWe are here to answer any questions you have and help you maximize your savings
Call todayLet us conduct a personal assessment of your plan options
866.346.5800 www.HealthEquity.com