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Ohio Health Insurance

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  1. High Deductible PPO Health Plan Health Savings Account (HSA)* What is a HSASM? + PPO – Preferred Provider Organization *Funds are earmarked for eligible medical expenses. www.onesourcebenefits.com Toll Free: 1 (877) 549-1212

  2. What is a HSASM? • High Deductible PPO Health Plan • Similar to a traditional PPO, except: • High deductible (required by the federal government) • No co-payments • You pay 100% of health care & prescription costs until you meet your deductible. • Health Savings Account (HSA) • Tax-free savings account for medical expenses • Contribute money tax-free • Use money to pay for medical expenses tax-free • Earn interest over time tax-free! www.onesourcebenefits.com Toll Free: 1 (877) 549-1212

  3. Why Offer a HSASM? • HSA can help control rising health care costs: • Consumer driven health care plans • Lower premiums • More informed health care decisions • HSA provides more options managing your health care: • You control how to use funds • You can use funds now or save them for future expenses www.onesourcebenefits.com Toll Free: 1 (877) 549-1212

  4. How is an HSA different from your current plan? Similar to your current plan Different from current plan • Choice of doctors • Large network of providers • Out-of-network benefits option • Access to specialists with no referrals* • Provider discounts = big savings • Nationwide, worldwide coverage • High deductible – required by federal government • Health savings account to pay for health care services • No co-payments for services: you pay 100% until you meet your deductible * Referrals may be needed for mental health and substance abuse services. www.onesourcebenefits.com Toll Free: 1 (877) 549-1212

  5. How does an HSA work? Before you reach your deductible After you reach your deductible • You pay 100% of your health care and prescription drug expenses • In-network preventive care is covered, without paying your deductible amount first: • Annual physical exams, well-baby care, mammograms, etc. • Your plan pays a percentage of or all of your additional health care expenses After you reach your deductible • Most plans pay 100% of all covered expenses for the rest of the plan year www.onesourcebenefits.com Toll Free: 1 (877) 549-1212

  6. How does the HSA work? You, your employer, or anyone can contribute to the HSA – tax-free! • 2010 Annual Contribution Limit: • $3,050 individual • $6,150 family When you use your HSA to pay for qualified medical expenses, the money comes out tax-free! HSA checkbook and debit card from your local bank Use for medical expenses at doctor’s office, pharmacy, etc. If you don’t use your HSA money, you don’t lose it! The fund grows - tax-free! www.onesourcebenefits.com Toll Free: 1 (877) 549-1212

  7. How should I contribute to my HSA? • You have many options: • Contribute through payroll deduction, tax-free • Contribute on your own and deduct them on your tax return • Contribute quarterly or monthly • Contribute the maximum at the beginning of the year • Contribute throughout the year, as you can • Your 2010 contribution limits: • $3,050 per year for employee only • $6,150 per year for family coverage • $1,000 per year catch-up contribution (55 or older by 12/31/10) www.onesourcebenefits.com Toll Free: 1 (877) 549-1212

  8. Using HSA Funds Eligible medical expenses: • Deductible and coinsurance amounts • Medical procedures • Prescription drugs • Visits to your doctor • Eyeglasses, contact lenses • Laser eye surgery • Hearing aids • Bandages Visit www.irs.gov/pub/irs-pdf/p502.pdf for guidance. www.onesourcebenefits.com Toll Free: 1 (877) 549-1212

  9. Covered Preventive Care Services* Preventive services covered without having to meet your deductible: • Well baby and well child care • Routine physicals • Routine Screening tests (adult and child) • Immunizations (adult and child) • Mammograms and Pap Smears • Colonoscopies * Specific guidelines apply to these benefits. Check your Member Guide for a complete list of covered preventive care services. Toll Free: 1 (877) 549-1212 www.onesourcebenefits.com

  10. How are prescription drugs paid? Prescription drugs covered just like medical benefits: • Before you meet your deductible, you: • Pay 100% of the cost of your prescription drugs (discounted rates) • Use your HSA checkbook or debit card at pharmacy • Once you reach your deductible: • The plan pays 100% of all covered prescription drug expenses www.onesourcebenefits.com Toll Free: 1 (877) 549-1212

  11. How does HSA work for families? • Aggregate deductible: • All covered expenses count toward a single deductible for the entire family • If you reach that deductible, you pay just a percentage of covered health care expenses • Your plan pays the rest! Note: Aggregate deductible applies to all coverage tiers except employee only. www.onesourcebenefits.com Toll Free: 1 (877) 549-1212

  12. How do I manage my HSA account? • My HSA Account tool • It’s easy and all online • Fund balance and transactions • Claims information • Summary information for tax purposes • Log on to the Member Services area of your local HSA vendor www.onesourcebenefits.com Toll Free: 1 (877) 549-1212

  13. What happens to your HSA down the road? • Balance of $1,500? You can invest amounts as low as $1* • Your HSA is portable - it’s yours! • At retirement, continue to use HSA funds for qualified medical expenses, tax-free • Or use the funds for non-medical expenses and incur the tax * Please see your HSA handbook for details. www.onesourcebenefits.com Toll Free: 1 (877) 549-1212

  14. Thank You! www.onesourcebenefits.com Toll Free: 1 (877) 549-1212 © 2010 One Source Benefits. All rights reserved.