1. 2016 Health Savings Accounts

2. HSA
Health Savings Accounts (HSAs) are designed to help you save and pay for qualified medical expenses $
Deposit money into your HSA.
Save on taxes.
Use your HSA to pay for qualified medical expenses.
Invest your savings in mutual funds.
Investments are not FDIC insured, are not guaranteed by Optum Bank®, and may lose value.

3. Contribution limits Amount of contribution
The IRS determines how much you can deposit into your HSA
each year.
Contribution rules
In 2017, the limit for individuals increases to $3,400 and the limit for families remains at $6,750.
Additional contribution
Those 55 years of age or higher, but not yet entitled to Medicare benefits, can fund an additional $1,000/year “catch-up” contribution.

4. Am I eligible to open/contribute to an HSA?
You must be enrolled in an HSA-qualified health plan to open & contribute to an HSA
You are NOT eligible for an HSA if you:
Are enrolled in health insurance other than an HSA- qualified health plan (including a spouse’s medical FSA)*
Are enrolled in Medicare (age 65) or Tri-care
Are eligible to be claimed as a dependent on someone else’s tax return
Have received VA medical benefits in the past three months
* Exceptions may apply.
Please consult with your employer or tax advisor for more information on eligibility requirements.

5. How an HSA helps you save
The money Steve puts into his HSA is income tax-deductible Any money Steve withdraws from his HSA to pay for qualified medical expenses is withdrawn income tax-free Steve may earn interest on his account, and it is not taxable The amount not spent during this year carries over for use in future years

6. How much did Steve save? 1
In 2016, Steve deposited $6,750 into his HSA, the maximum contribution for family coverage
Steve’s federal and state income tax and FICA savings for the year are $2,541* 2
Steve will withdraw $3,000 to pay for qualified medical expenses for himself and his family
Steve will not have to pay income taxes on the $3,000 as long as he uses it to pay for qualified expenses 3
Steve earns interest on his account
Steve does not have to pay income taxes on his interest 4
Steve will carry over $3,750 HSA dollars (contributions – expenses + account earnings) into the next year
With a traditional plan, Steve wouldn’t have this carryover option, which helps him save for the future
* Assumes a 25% federal tax rate, 5% state tax rate and 7.65% FICA

7. HSA qualified medical expenses
Medical plan deductibles and coinsurance
Medical, dental and vision care services & products
Use HSA dollars to pay for qualified medical expenses for your spouse or dependents

8. Other HSA-qualified medical expenses
Health coverage while receiving unemployment benefits
COBRA continuation coverage
Qualified long-term care
Medicare premiums and out-of-pocket expenses

9. Access your HSA funds
Use your Optum BankSM Health Savings Account Debit MasterCard®
Sign up for automatic bill pay and online banking
Use HSA checks for this account
Pay for an expense with personal funds and reimburse yourself from your HSA

10. Using a debit card to access your HSA
Providers’ office
Pharmacy
Mail order pharmacy

11. How do I get a second debit card?
Order online
Log in to your account at optumbank.com
Under the Self Service section, click on “Order debit cards”
Add a new cardholder - your new card will arrive within 2 weeks

12. Paying for non-qualified expenses
Any HSA funds used for purposes other than to pay for qualified medical expenses are:
Taxable as income
Subject to a 20% tax penalty*
* The 20% tax penalty does not apply to account holders age 65 and older, those who become disabled or enroll in Medicare

13. Save your receipts!
Save your receipts for all qualified medical expenses
Our convenient receipt vault allows you to upload receipts and store them within your HSA online
Optum Bank® does not track your expenses or verify eligibility

14. Managing your HSA online
Check your balance
Arrange deposits from another banking account
Pay bills to health care providers
Reimburse yourself for qualified medical expenses paid out-of- pocket
Use HSA calculators
Check the contribution tracker for YTD contribution amounts
Use the convenient receipt vault
Manage investment activities for your HSA
optumbank.com
Investments are not FDIC-insured, are not guaranteed by Optum Bank®, and may lose value.

15. Logging In
optumbank.com

16. HSA Dashboard Current and available balances
Recent or scheduled transactions
Investment portfolio
Statements and tax documents
Investments are not FDIC insured, are not guaranteed by Optum Bank®, and may lose value.

17. Paying a bill online

18. Receipt vault

19. How do I reimburse myself?

20. Invest for the future, tax-free
No taxes on investment earnings
No taxes on withdrawals for qualified medical expenses
Investments are not FDIC-insured, are not guaranteed by Optum Bank®, and may lose value.

21. What if you have more questions?
Call Optum Bank customer service (844)
Visit optumbank.com

24. HSA Forms
Please turn in completed forms to Human Resources/Payroll Department
Changes to contribution amounts can be made quarterly