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{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

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Presentation Transcript
why offer 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

Learn more at www.healthequity.com/reform

a win for employees
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
who qualifies for an hsa
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
how an hsa works
How an HSA works

Traditional health plan vs. HSA-powered plan

  • Lower monthly premium
  • Higher deductible
  • Larger monthly premiumpaid to insurance company
  • Lower deductible
  • Money into savings account
how an hsa works1
How an HSA works

Employee and/or employer

$

Employee HSA

$

Qualified medical expenses:

Exams, prescriptions, procedures, vision, dentaland more

maximize your savings
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
powerful tools
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
communicating with employees
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
monthly member webinars
Monthly member webinars
  • Three-part series:
    • HSA Basics
    • Tips to Maximize Your HSA Savings
    • Member Portal Overview
  • Each session taught twice each month by a trained and certified HSA expert.
  • www.HealthEquity.com/webinars
helpful member support
Helpful member support
  • 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

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