1. Health Savings Account (HSA) Basics
WELCOME
Health Savings Account (HSA) Basics

2. THE BASICS

3. TRADITIONAL VS HSA PLAN

4. HSA WITH QUALIFIED HIGH-DEDUCTIBLE PLAN
HSA COMPONENTS
HDHP
Low-Premium, High-Deductible Health Plan
THE INSURANCE PIECE
HSA
Health Savings Account
THE ACCOUNT USED TO FUND THE DEDUCTIBLE—TAX-FREE
Insurance Company
BCBS Arizona
Financial Custodian
HealthEquity 4

5. You and/or Employer Contribute
WHAT’S AN HSA?
Savings account that you own and:
Can use to pay for qualified medical expenses
Earn interest on
Can invest when a certain threshold is met
You and/or Employer Contribute
Qualified
Medical Expense
Your HSA

6. AM I ELIGIBLE? To qualify for an HSA, an individual:
Must be covered by a qualified high- deductible health plan (HDHP)
Must be 18 years or older
Can’t be enrolled in Medicare
Can’t be claimed as a dependent on someone else's tax return
Can’t have other health coverage, unless permitted by the IRS (i.e.TRICARE, DoD, FSA)
Take advantage of the HSA, determine who is eligible.

7. CONTRIBUTE TO YOUR HSA
For 2011, the maximum tax-free contributions the IRS allows you to make to your HSA are:
Single-coverage $3,050
Family-coverage $6,150
Catch-up contribution, age 55 or older $1,000
You can fully fund your HSA on day one, subject to the annual maximum amount.
You can make contributions anytime after your HSA is open.
Deposits can be made pre-tax through payroll deduction, online, or sent to HealthEquity.

8. WHY AN HSA?

9. BENEFITS OF AN HSA Save (and keep) your money
Lower premiums, tax-free, long-term savings
You own the account and the money stays with you
Grow your money
Money rolls over year to year
Access the best tax-savings opportunity available
Contributions aren’t taxed and reduce your annual taxable income
Withdrawals are never taxed or penalized when used for qualified medical expenses; including Rx, dental, vision
Earnings aren’t taxed

10. BENEFITS OF AN HSA Continued
Keep your doctor
Even if your doctor isn’t a network provider, you can use your HSA to pay your bill
Protect your account and your pocket book
Change jobs or retire and keep your account and balance
Most HSA-qualified plans have maximum out-of-pocket limits
Reach your limit, and expenses are fully covered.
Before you reach your limit, use your HSA balance to pay costs.
Can cover spouse/dependent expenses, even if on another health plan
Your spouse and dependents don’t need to be covered by the HDHP to use your HSA funds to pay their out-of-pocket medical expenses.

11. QUESTIONS TO ASK YOURSELF
How much do I pay out of my paycheck for each plan?
What is the deductible for each plan type?
What is the out-of-pocket maximum for each plan?
How much do I want to contribute to my HSA?
How much will I spend on health care this coming year?
What are my out-of-pocket costs for each plan type?

12. WHY A HEALTHEQUITY® HSA?

13. BENEFITS OF A HEALTHEQUITY® HSA
1. Easy-to-use online access to claims and payments
Integrates with 40+ national health plans
Enroll in HSA and health plan, access claims, pay bills/get reimbursements from a single online portal
2. Live service any day, anytime
Live Member Services specialists available 24/7/365

14. BENEFITS OF A HEALTHEQUITY® HSA
3. Remarkable education and support
Help negotiating payment schedules with a provider
Safe, effective ways to save on health care costs
Average costs for your ZIP code
Tax tips about HSAs—for now and the future
4. Plus:
FDIC-insured cash deposits
No setup or inactivity fees
Competitive interest rates
Free investment options with no transaction fees—something most banks don’t offer

15. MEMBER EXPERIENCE

16. MEMBER EXPERIENCE 16 16 16 60–90 days prior 40 days prior
Open Enrollment Meetings and Communications
Account Screening and Set Up
Ongoing Interactions
60–90 days prior
40 days prior
20 days prior
17 Days prior
15 days prior
Plan Yr. Begins
Ongoing
Enrollment
HealthEquity Receives Enrollment
Welcome Kit and Debit Card
First Login to Web Portal 16 16 16

17. MEMBER PORTAL WEB TUTORIALS www.healthequity.com/tutorials

18. MEMBER PORTAL:
Log On at

19. Q & A

20. HSA HOW TO: Doctor Visits
Go to the doctor
Doctor sends insurance company the bill
Provider sends bill to employee
No co-pays
Insurance carrier adjusts price based on discounts
Employee pays the provider with HealthEquity® Visa® Health Account Card*
*This card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. The Bancorp Bank; Member FDIC.

21. HSA HOW TO: Pharmacy Prescriptions
Go to pharmacy
Pharmacy applies discount
Pharmacy sends claim to insurance company
Show medical ID card
Pay with HSA card
Insurance company applies amount to your deductible– no paperwork needed

22. 10 FREQUENTLY-ASKED QUESTIONS
How do I contribute to my HSA?
Payroll deduction for pre-tax contributions. For post-tax, call HealthEquity, go online and set up EFT, or send a check with form.
How do I find out my account balance?
Go online or call HealthEquity.
How do I use my HSA to pay for my prescriptions?
Simply swipe your HSA Visa card at the pharmacy.
I forgot to pay for a prescription with my HSA card, how do I get reimbursed?
Go online to set up EFT to reimburse yourself or call HealthEquity.
Where can I use my HSA card?
Run it like a credit card at your pharmacy or medical office.

23. 10 FREQUENTLY-ASKED QUESTIONS
Can I get a card for my spouse?
Yes. Just let HealthEquity know when you activate your card.
Will I receive a statement for my account?
Yes, monthly.
Is my HSA FDIC insured?
Yes. (Funds you choose to invest are not).
Does the money I have in my HSA roll over from year to year or do I lose the money at the end of the year?
The money rolls over year to year. You don’t lose the money in your HSA. It’s your money. And you earn interest on it!
Do I pay for the full doctor’s office visit when I go to the doctor?
Some doctors require you pay upfront; most will bill you later. Remember, you’re only responsible to pay the discounted amount determined by your insurance benefit. Don’t let the doctor overcharge you at the point of service.

24. HealthEquity Member Services is open all day, everyday, 24/7/365
Understand and manage the financial side of health care
Save and spend health care dollars more wisely
Build equity in your health plan

25. Any Questions?
YOUR QUESTIONS?
Thank You