{Company name}
Winning with HSAs
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.
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
2
A win for employees
Easy win in today’s complex health care system:
– Save now:
• Lower monthly insurance premiums
• HSA deposits aren’t taxed
• Typically lowers income tax liability
– Save for the future:
• HSA funds roll over from year to year
• Tax-free interest earned
• You keep the money even if you change
jobs or insurance plans
• “Best-in-class” investment options
• HSA can be used post-retirement (age 65) for nonmedical with no additional penalties similar to an IRA
3
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
4
Comparing Plan Types
Traditional health plan vs. HSA-powered health plan
- Lower monthly premium
- Higher deductible
- Larger monthly premium
paid to insurance company
- Lower deductible
- Money into savings account
5
How an HSA works
Employee and/or employer
$
Employee HSA
$
Qualified medical expenses:
Exams, prescriptions, procedures, vision, dental and more
6
Maximize your savings
2014 max contributions allowed by IRS:
• Single-coverage: $3,300
• Family-coverage: $6,550
• 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
7
Powerful tools
• Convenient access
–
–
–
–
Debit card
Online
Using our free mobile app
By telephone
• Use your HealthEquity account to
–
–
–
–
–
–
Check your balance
Review transactions
Review claims
Submit new claims or documents
Send payments and reimbursements
Access tax documents
8
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
9
Monthly member webinars
Three-part series:
1. HSA Basics
2. Tips to Maximize Your HSA Savings
3. Member Portal Overview
Each session taught twice each month by a
trained and certified HSA expert.
www.HealthEquity.com/webinars
10
Helpful member support
Always available
Our member services are taking calls 24 hours a
day, every day of the year
Every step along the way
We are here to answer any questions you have
and help you maximize your savings
Call today
Let us conduct a personal assessment of your
plan options
866.346.5800
www.HealthEquity.com
11