cpg powerpoint template and guide · 2020. 3. 6. · important information • nothing in this...
TRANSCRIPT
Matt Irvine
VP of Area Sales
October 2, 2019
Episcopal Business Administration Conference
HealthEquity, Inc.
HealthEquity, Inc.
Connecting Health and Wealth
Important Information
• Nothing in this communication is intended as legal, tax, financial, or medical advice. Always consult
a professional when making life changing decisions. It is the members' responsibility to ensure
eligibility requirements as well as if they are eligible for the plan and expenses submitted.
• HSAs are never taxed at a federal income tax level when used appropriately for qualified medical
expenses. Also, most states recognize HSA funds as tax-free with very few exceptions. Please
consult a tax advisor regarding your state's specific rules.
• Investments available to HSA holders are subject to risk, including the possible loss of the principal
invested and may not be eligible for federal depository insurance by the FDIC or NCUA or
guaranteed by HealthEquity, Inc. HealthEquity, Inc. does not provide financial advice. HSA holders
making investments should review the applicable fund’s prospectus. Investment options and
thresholds may vary and are subject to change. Consult your advisor or the IRS with any questions
regarding investments or on filing your tax return.
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We are growing at a record pace
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America’s Healthcare Problem
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1 https://www.cms.gov/research-statistics-data-and-systems/statistics-trends-and-reports/nationalhealthexpenddata/nationalhealthaccountshistorical.html2 https://www.healthsystemtracker.org/chart-collection/how-have-healthcare-prices-grown-in-the-u-s-over-time/#item-prices-for-inpatient-hospital-care-have-grown-rapidly-for-privately-insured-patients3 https://www.usatoday.com/story/money/business/2018/06/06/health-care-costs-price-family-four/676046002/4 https://inflationdata.com/Inflation/Inflation/DecadeInflation.asp 5
America’s Retirement Problem
1 2017 Nerd Wallet Study: https://www.nerdwallet.com/blog/finance/survey-financial-health-basics/2 2017 Paychex Survey: https://www.paychex.com/articles/employee-benefits/survey-retirement-plan-misconceptions-small-companies3 2018 GoBankingRates Survey: https://www.gobankingrates.com/retirement/planning/why-americans-will-retire-broke/
Only 1 in 10 Americansis saving enough money to cover
short-term expenses and retire comfortably.1
53% of companies don’t
offer a 401(k) plan2
33% have no retirement savings
56% of Americans have
less than $10k saved3
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These problems
are connected
Based on US Census Bureau of Labor Statistics/ 2018
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1
Nmezi family 7
A Connected Solution for All
HealthEquity does not provide legal, tax, or financial advice.
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HSA Advantages vs Disadvantages
Employer Advantages
Ability to help control costs and utilization
No plan document
Employee Advantages
Can be funded by anyone
Funds roll over
Owned by individual
Can save for expenses in retirement
Funds earn tax-free interest
No maximum balance
Account is portable
No plan document is required
Employee Advantages, cont.
Triple-tax benefit
Preventive care is covered
Use it or keep it
No COBRA requirements
Cover medical expenses of all tax
dependents
Investment options possible
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HSA Advantages vs Disadvantages
Employee Disadvantages
HSA-qualified health plan is
required
Funds are only available after
deposit
IRS reporting requirements
Maximum funding limits
Can’t be used with full
medical FSA
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Best-in-class Engagement Tools
Dedicated learn sitesdestination sites for ongoing and OE
engagement of each accountholder cohort
Mobile/ digital learning journeysaccelerates members’ health and wealth journey –
includes videos, knowledge base links, step-by-
step guides
Media librariesincludes standard and
customizable collateral
Benefit advisor centralone-stop marketing intelligence
source for benefit advisors(coming in Q3)
Continuous AI-powered behavioral engagementsynchronized across members’ digital and analog service experience
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The purple experience: Enabling this journey
For illustrative purposes only. Member’s experiences will vary.
Average ‘Saver’ balance is per HealthEquity FY 2017 Network Partner data
‘Saver’ = HSA accountholder with >$1 in invested HSA funds| partnership tenure is >=5 years1 HealthEquity, Inc. does not provide financial advice. HealthEquity Advisors, LLC™, a wholly owned subsidiary of HealthEquity, Inc. and an SEC-registered investment adviser, does provide web-based investment advice to HSA holders that subscribe
for its services (minimum thresholds and additional fees apply).12
Superior Quality of Investments
Source: Morningstar, Inc. Data as of 6/27/1713
Investment services: Proactive and Ongoing
1Source: HealthEquity FY 2017 Network Partner data as of January 31, 2016
Investments available to HSA holders are subject to risk. HealthEquity, Inc. does not provide financial advice. HealthEquity Advisors, LLC™, a wholly owned subsidiary of HealthEquity, Inc. and an SEC-registered investment adviser, does provide
web-based investment advice to HSA holders that subscribe for its services (minimum thresholds and additional fees apply). Registration does not imply endorsement by any state or agency and does not imply a level of skill, education, or training. 14
Questions and Answers
HealthEquity Employer Services
Monday – Friday
• 7 AM – 7 PM CT
• 866.382.3510
Services:
• Assistance with eligibility, contribution
and administrative questions.
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