1 / 11

{Company Name} Winning with HSAs

{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

kalkin
Download Presentation

{Company Name} Winning with HSAs

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. {Company Name}Winning with HSAs

  2. 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

  3. 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

  4. 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

  5. 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

  6. How an HSA works Employee and/or employer $ Employee HSA $ Qualified medical expenses: Exams, prescriptions, procedures, vision, dentaland more

  7. 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

  8. 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

  9. 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

  10. 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

  11. 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 11

More Related