Understanding the Consumer Driven Health Plan. and Health Savings Account
|
|
- Phebe Lester
- 5 years ago
- Views:
Transcription
1 Understanding the Consumer Driven Health Plan and Health Savings Account
2
3 The Consumer-Driven Health Plan (CDHP), coupled with a Health Savings Account (HSA), is an innovative health plan that helps to reduce health care costs. By actively engaging you in decisions about your health care, this type of plan provides you with Key Features 100% preventive and wellness care coverage with network providers. Certain preventive prescriptions for just a 10% coinsurance payment, with a waived deductible. No copays for complete cost transparency. All qualified employee paid medical expenses count toward the deductible and out of pocket maximum. more choice, flexibility and control over how you spend your health care dollars.
4 Your Health Savings Account (HSA) An HSA is a personal health care banking account that you can use to pay out of pocket medical expenses with pre tax dollars. Eligibility You are eligible to open and fund an HSA if: You are enrolled in an HSA-eligible consumer-driven health plan (CDHP). You are not covered by your spouse/domestic partner s non-cdhp health plan. Your spouse does not have a health care flexible spending account or health reimbursement account. You are not eligible to be claimed as a dependent on someone else s tax return. You are not enrolled in Medicare or TRICARE. You have not received Veterans Administration benefits during the last 90 days (service-related care will not be taken into consideration). Highlights Sample Company Contributions Employee Only Family Coverage Sample Company contributes up to to your HSA. You can also contribute to the account through pre tax payroll deductions, up to the annual maximum contribution mandated by the IRS. 20XX IRS Maximum Contributions Individual Family Catch-Up Contribution (ages 55 and older) $1,000 Funds withdrawn from your HSA to pay qualified medical expenses are tax-free. Your balance grows with tax-free interest and some financial institutions offer investment opportunities that also grow tax-free. Any unused funds in your HSA roll over from year to year. Your HSA can be used for your expenses and those of your spouse and/or dependent(s), even if they are not covered by the CDHP. Your HSA is portable. If you leave Sample Company or retire, your account and its balance goes with you.
5 How the HSA Works Annual Deductible Employee Only Family Out of Pocket Maximum Employee Only Family IN NETWORK OUT OF NETWORK1 Physicians Services XX%* XX%* Preventive Care XX% 2 XX% 2 Maternity Care XX%* XX%* Outpatient Surgery XX%* XX%* Prescription Drugs IN NETWORK Maintenance Medication XXX% 3 All Other Drugs XX%* *After Deductible 1 Out of network charges are paid at Reasonable and Customary rates. In addition to being responsible for payment of your out of network deductible, you are responsible for any charges over and above what is considered Reasonable and Customary. 2 Preventive Care is covered at XXX% in network only. Out of network Preventive Care is subject to the out of network deductible and coinsurance. 3 Maintenance Medication is defined as drugs listed on the U.S. Preventive Services Task Force List, as administered by Sample Provider. Remember Using an in-network professional lowers your out-of-pocket costs. Professionals in your network have agreed to charge lower fees and your Plan s in-network services cover a larger share of the charges. Catch Up Contributions Individuals age 55 and older may make an additional annual contribution to their HSA, which is called a catch up contribution.
6 EXAMPLE This is Rich and his Family Rich protects his family with insurance on his employer s consumer driven health plan. This year, he finds himself eligible for and decides to open a health savings account. His Plan In Network Deductible: $2,500 Out Of Pocket: $7,500 HSA Contribution Limit: $6,550 IN NETWORK OUT OF NETWORK Health Plan Pays 80% 50% Rich Pays 20% 50% Preventive Care Pharmacy Coverage 100% Covered Subject to Deductible Not Covered Rich elects the HSA option and chooses Family coverage He decides to contribute $5,000 to his health savings account to use for eligible medical expenses. Rich and his family only visit doctors in their network, ending up with $3,000 in medical expenses for the year. Because his deductible is $2,500, Rich s plan will cover 80% of the remaining $500. Rich is left to pay just $100 out of his own pocket. Rich pays 20% or $100
7 How Can You Control Your Health Care Costs? You have control over how your health care dollars are spent. But with the cost of services varying widely, make sure you re making the best choice for your health and your wallet. Enter health care cost transparency tools. These online tools, which are available through most major health insurance carriers, allow consumers to compare costs for everything from prescription drugs to major surgeries.
8 Address Line 1 Address Line 2 City, State ZIP Understanding the Consumer Driven Health Plan (CDHP) and Health Savings Account (HSA)
YOU AND THE 2019 CONSUMER DRIVEN HEALTH PLAN (CDHP)
YOU AND THE 2019 CONSUMER DRIVEN HEALTH PLAN (CDHP) The Consumer Driven Health Plan (CDHP), coupled with a Health Savings Account (HSA), is an innovative health plan that helps to reduce healthcare costs.
More informationTolland Board of Education High Deductible Health Plan Frequently Asked Questions
Tolland Board of Education High Deductible Health Plan Frequently Asked Questions What is a High Deductible Health Plan? Tolland is offering a High Deductible Health Plan (HDHP) with a Health Savings Account
More informationNEXT : Eligibility guidelines of a Health Savings Account.
Issue 1 What is a Health Savings Account (HSA)? A health savings account is a special tax-advantaged account owned by an individual where contributions to the account are to pay for current and future
More informationHealth Savings Account Guide
Health Savings Account Guide 2015 GLOSSARY Allowable charge (or allowed amount) The amount that the health plan has agreed to pay to health plan providers (such as your doctor or a hospital) for covered
More informationHealth Savings Account Guide
Health Savings Account Guide 2015 GLOSSARY Annual out-of-pocket maximum The maximum amount you pay out-of-pocket each plan year for all covered services. Once the amounts you have paid total the out-of-pocket
More informationBenefits News. Your Resource for Information on your Dow Benefit Solutions. Get to Know MAP Plus Option 2 High Deductible. Human Resources.
Benefits News Issue 2 Human Resources Your Resource for Information on your Dow Benefit Solutions Get to Know MAP Plus Option 2 In this issue of Benefits News, you will get a closer look at the MAP Plus
More informationFrequently Asked Questions: The Health Savings Plan
Frequently Asked Questions: The Health Savings Plan Comparing the Plans What are the major differences between the Health Savings Plan (HDHP) and the Traditional Plan (PPO)? The two plans have been designed
More informationDassault Systè mès 2015 Enrollmènt
Dassault Systè mès 2015 Enrollmènt Frequently Asked Questions October 22, 2014 MEDICAL PLANS 1. What is a Consumer Directed Health Plan (CDHP)? CDHP is a term given to medical plans that embody the principles
More informationHealth Savings Account Guide
Health Savings Account Guide Health Savings Account Highlights 2 Introduction 2 Eligibility 3 McKesson Health Savings Account 3 Health Savings Account Amounts 3 Eligible Expenses 4 Non-Eligible Expenses
More informationHealth Savings Accounts Frequently Asked Questions
Health Savings Accounts Frequently Asked Questions Health savings accounts put your health care spending in your own hands. You decide when and how to use your health care dollars and you can save on taxes
More informationHealth+Savings FAQs. The following are frequently asked questions and answers regarding the Health+Savings Option in the BP Medical Plan.
Health+Savings FAQs The following are frequently asked questions and answers regarding the Health+Savings Option in the BP Medical Plan. Note: Health Savings Account (HSA) tax laws vary by state. You might
More informationHealth Savings Accounts
1 Health Savings Accounts Health Savings Accounts Our agenda: Basics about HSAs. Eligibility for an HSA. Contribution, deductible & out-of-pocket limits. Account tips. 2 HSAs The Basics What is a Health
More informationPathways VILLANOVA UNIVERSITY Benefits Open Enrollment Guide
Pathways 2015-2016 2019-2020 VILLANOVA UNIVERSITY Benefits Open Enrollment Guide HUMAN RESOURCES March 18 March 29, 2019 A Letter from the Assistant Vice President, Human Resources Dear Colleague, Benefits
More informationConsumer Driven Health Plans Pennsylvania College of Technology March, 2016
Consumer Driven Health Plans Pennsylvania College of Technology March, 2016 Health Care Cost Acceleration Employers nationwide are struggling to cope with the sharp, upward trend of health care costs;
More information2018 Annual Enrollment Consumer Driven Health Plan The Lubrizol Corporation
2018 Annual Enrollment Consumer Driven Health Plan What we ll be talking about today Consumer Driven Health Plan How does the Plan work? What are the benefits of a Consumer Driven Health Plan (CDHP) with
More informationANNUAL ENROLLMENT: STRAIGHT AHEAD
ANNUAL ENROLLMENT: STRAIGHT AHEAD Enroll Oct. Nov., 07 IT S THAT TIME AGAIN. TIME TO ENROLL FOR YOUR BENEFITS. It s important to review your choices and determine what is best for you and your family.
More informationHealth Savings Account (HSA)
IU Human Resources Health Savings Account (HSA) INDIANA UNIVERSITY Reality Check A healthy couple retiring at age 65 can expect to pay: $404,253 in premiums, dental, vision, hearing and all other out of
More informationHOW TO CHOOSE A MEDICAL PLAN MOTT COMMUNITY COLLEGE
HOW TO CHOOSE A MEDICAL PLAN MOTT COMMUNITY COLLEGE Chadd Hodkinson SET SEG Employee Benefit Services Account Executive The content in this presentation is informational. Each employee should review the
More informationPathways VILLANOVA UNIVERSITY Benefits Open Enrollment Guide
2016-2017 Pathways 2015-2016 VILLANOVA UNIVERSITY Benefits Open Enrollment Guide HUMAN RESOURCES April 18 April 29, 2016 A Letter from the Senior Director of Benefits, Compensation and Employment Dear
More informationCHOOSE A PLAN HSA-QUALIFIED DEDUCTIBLE PLANS HSA-QUALIFIED DEDUCTIBLE PLANS. What a deductible plan with an HSA option is and how it works
HSA-QUALIFIED DEDUCTIBLE PLANS CHOOSE A PLAN HSA-QUALIFIED DEDUCTIBLE PLANS What a deductible plan with an HSA option is and how it works IN THIS BROCHURE Understanding HSAs (health savings accounts) Benefit
More informationHSA 101. A Quick Overview of the Health Savings Account Basics
HSA 101 A Quick Overview of the Health Savings Account Basics Agenda Health Savings Account Features HSA Eligibility Contributions Tax Information Distributions HSA-Qualified Expenses Paying for Medical
More informationQ&A on Qualified High Deductible Health Plans (HDHP s) and Health Savings Accounts (HSA s)
Q&A on Qualified High Deductible Health Plans (HDHP s) and Health Savings Accounts (HSA s) Q. What is a Health Savings Account ( HSA )? A. A Health Savings Account is an alternative to traditional health
More informationHSA Account Based Health Plan with Health Savings Account Guide. Benefits LEAD WAY THE
HSA Account Based Health Plan with Health Savings Account Guide Benefits 2018 LEAD WAY THE You re in control with an Account-Based Health Plan Philips believes an Account-Based Health Plan (ABHP) with
More informationICCCFO. Health Savings Accounts Presentation For The Illinois Community College Chief Financial Officers April 14, 2011
ICCCFO Health Savings Accounts Presentation For The Illinois Community College Chief Financial Officers April 14, 2011 Health Savings Account Legislative Background Health Savings Accounts (HSAs) were
More informationMAKE THE MOST OF YOUR HEALTH PLAN
CONGRATULATIONS! You enrolled in the HSA Gold Plan or the HSA Silver Plan. This guide will provide tips and tools to help you save money while giving you more control over your health care spending. Get
More informationHealth. Savings. FAQs. The following are frequently asked questions and answers regarding the Health+Savings Option in the BP Medical Plan.
Health Savings FAQs The following are frequently asked questions and answers regarding the Health+Savings Option in the BP Medical Plan. Note: Health Savings Account (HSA) tax laws vary by state. You might
More informationHSA Frequently Asked Questions
HSA Frequently Asked Questions Overview Q1. WHAT IS A HEALTH SAVINGS ACCOUNT (HSA)? An HSA is a tax-exempt trust or custodial account established exclusively for the purpose of paying qualified medical
More informationOdessa School District
Odessa School District 2016 Employee Benefits Effective July 1, 2016 DELTA DENTAL OF MISSOURI PPO BASE Premier or Non-Network PPO BUY-UP Premier or Non-Network Deductible Individual $50 $50 Family $150
More informationHEALTH SAVINGS ACCOUNT (HSA)
Public Employees Benefits Program HEALTH SAVINGS ACCOUNT (HSA) HSAs can be especially beneficial at tax time! One of the key benefits of an HSA is a triple tax advantage! An HSA is a tax advantaged savings
More informationHealth Savings Account (HSA) Frequently Asked Questions
What is an HSA? An HSA is a personal bank account created exclusively for individuals to pay for eligible health expenses and save for future healthcare expenses tax free. Am I eligible to contribute to
More informationYou may want to print the notes pages of this presentation for your future use. They are available on the gmbenefits.com website.
Hello. In this presentation, I am going to discuss changes to the 2010 Salaried Retiree Health Care Plan and the benefits of a Health Savings Account. You may want to print the notes pages of this presentation
More informationHealth Savings Accounts
Health Savings Accounts Forrest T. Jones & Company, Inc. Updated for 2013 What is an HSA? PART 1 HDHP High Deductible Health Plan PART 2 HSA Health Savings Account 2 Parts to an HSA Intended to cover serious
More informationCHOOSE A PLAN CHOOSE A PLAN. What our plans offer and how they work IN THIS BROCHURE
CHOOSE A PLAN CHOOSE A PLAN What our plans offer and how they work IN THIS BROCHURE Four types of plans Benefit highlights Understanding health savings accounts (HSAs) CHOOSE A PLAN THAT FITS YOU WELL
More informationFrequently Asked Questions about the High Deductible (HDHP) HMO Plan with Health Savings Account (HSA)
Frequently Asked Questions about the High Deductible (HDHP) HMO Plan with Health Savings Account (HSA) The following questions and answers will help you better understand the High Deductible HMO Plan (HDHP)
More information2019 Benefits Open Enrollment. High Deductible Health Plan (HDHP) with Health Savings Account (HSA) Deep Dive LEWIS & CLARK COLLEGE
2019 Benefits Open Enrollment High Deductible Health Plan (HDHP) with Health Savings Account (HSA) Deep Dive LEWIS & CLARK COLLEGE AGENDA What is a High Deductible Health Plan (HDHP) with Health Savings
More informationA smart investment toward future health care expenses
Consumer accounts 1 A smart investment toward future health care expenses A health savings account (HSA) is a bank account owned by you. Use it to save money tax-free to pay for qualified expenses. Never
More informationFrequently Asked Questions High-Deductible Health Plan (HDHP) with Health Savings Account (HSA)
Frequently Asked Questions High-Deductible Health Plan (HDHP) with Health Savings Account (HSA) BASICS OF A HIGH-DEDUCTIBLE HEALTH PLAN (HDHP) What is a high-deductible health plan (HDHP)? An HDHP is a
More informationUnderstanding the UVA Benefit Savings Accounts
Understanding the UVA Benefit Savings Accounts UVA s benefit savings accounts can help you save money on health care and dependent daycare expenses. You contribute pre-tax money through payroll deductions
More informationSanford Health Value Plan (HDHP+HSA) Frequently Asked Questions
Sanford Health Value Plan (HDHP+HSA) Frequently Asked Questions August 2017 This document is intended to answer frequently asked questions regarding Sanford Health s Value Plan (HDHP+HSA). Additional information
More informationFrequently Asked Questions: HDHP with HSA 2011 Annual Enrollment. What s New for 2011
Frequently Asked Questions: HDHP with HSA What s New for 2011 1. Will my High Deductible Health Plan with Health Savings Account (HDHP with HSA) vendor be the same in 2011? 2. If my medical plan vendor
More informationFrequently Asked Questions about the GVSU High Deductible PPO Plan (HDHP) with Health Savings Account (HSA)
Frequently Asked Questions about the GVSU High Deductible PPO Plan (HDHP) with Health Savings Account (HSA) The following questions and answers will help you better understand the GVSU High Deductible
More informationBenefits Update Open Enrollment Erika Van Flein Director of Benefits
Benefits Update Open Enrollment 2013 Erika Van Flein Director of Benefits Today s Agenda: UA Benefits Update for FY14 Open Enrollment April 15 to May 15 Things you need to know Changes, additions, enhancements
More informationThe Consumer Driven. Health Plan. You will have a new choice in healthcare plans for Is the Consumer Driven Health Plan right for you?
2017 The Consumer Driven Health Plan A New Healthcare Option for University of Dayton Employees You will have a new choice in healthcare plans for 2017. Is the Consumer Driven Health Plan right for you?
More information2019 Health Savings Plan and Health Savings Account Questions
2019 Health Savings Plan and Health Savings Account Questions Contents Health Savings Plan (HSP)... 2 Health Savings Account (HSA) Overview... 4 Opening and Funding Your HSA... 5 Managing Your HSA... 8
More information2016 Benefits Open Enrollment
2016 Benefits Open Enrollment Discussion Topics Your Health Care Benefits in 2016 Two new Health Plan options Health Savings Account Selecting a Health Plan Option ALEX a new, interactive, online tool!
More informationColliers Benefits Open Enrollment November 2016
Colliers Benefits Open Enrollment November 2016 Agenda 1. What is Benefits Open Enrollment? 2. What s New this Year? 3. Benefits Overview 4. Next Steps 2 Open Enrollment Open Enrollment : November 1 st
More informationHSAs and Medicare. No. You can open and contribute to an HSA at age 65 or later as long as you meet HSA eligibility requirements, which are:
HSA GPS Fact Sheet Series HSAs and Medicare Many individuals are confused at the intersection of Health Savings Accounts (HSAs) and Medicare. Two different federal agencies have primary responsibility
More informationNEW for 2019 High Deductible Health Plan
NEW for 2019 High Deductible Health Plan In addition to the Standard and Choice PPO plans, Larimer County will be offering a third option for the 2019 plan year. What? Why? The IRS defines a high deductible
More informationESB Health Savings Account
ESB-5387-1116 Health Savings Account How Does it Work? Set aside money, pre-tax, to pay for eligible medical expenses ESB-5387-1116 Why a Health Savings Account? 1 2 3 An account you own Triple tax advantage
More informationQ & A Update 3/29/18. Additions/Reminders:
3/29/18 1 Additions/Reminders: Q & A Update 3/29/18 Medical if you are currently in the PPO plan, you must elect medical coverage for 2018. Medical if a spouse is eligible for medical coverage through
More informationWestlake Chemical Benefits Guide
Westlake Chemical Benefits Guide Westlake Chemical Benefit Guide What s Inside Your 2017 Benefits Summary...1 Your Eligible Dependents Include...1 Medical Plan Options...1 2017 Medical Premiums...1 2017
More informationWhat is an HSA-qualified plan? How does it work? Features and rates
HSA-QUALIFIED Deductible hmo PlanS What is an HSA-qualified plan? How does it work? Features and rates QUESTIONS? Call US. We Have Answers. HSA-QUALIFIED DEDUCTIBLE HMO PLANS Are you interested in balancing
More informationHealth. Savings. FAQs. The following are frequently asked questions and answers regarding the Health+Savings Option in the BP Medical Plan.
Health Savings FAQs The following are frequently asked questions and answers regarding the Health+Savings Option in the BP Medical Plan. Note: Health Savings Account (HSA) tax laws vary by state. You might
More informationCigna Health Savings Account Administered by HSA Bank
Cigna Health Savings Account Administered by HSA Bank A unique feature of the HSA 2500 and HSA 1500 is that, when enrolled in these programs, you can contribute to a Health Savings Account (HSA). An HSA
More informationMedical Plan Options (Traditional + Flexible Spending vs. High Deductible Health Plan + Health Savings)
Medical Plan Options (Traditional + Flexible Spending vs. High Deductible Health Plan + Health Savings) SUU Human Resources May/June 2018 SUU HDHP & HSA Presentation 1 Differences between Traditional &
More informationA Healthy Way to Save
A Healthy Way to Save Health Savings Accounts (HSA) Invest in your health with an HSA What is an HSA A Health Savings Account (HSA) is an individually-owned, tax-free, interest-bearing savings account
More informationHealth Savings Accounts Overview. Health Savings Accounts Overview
Health Savings Accounts Overview Key@Work Health Savings Accounts Overview Health Savings Accounts: What are they? Let s start with the basics. Health Savings Accounts (HSAs) are tax-advantaged savings
More informationClick on a section or question to be taken directly to the answer you re looking for, or read through all the questions and answers.
Frequently Asked Questions: HDHP with HSA 2012 Annual Enrollment Table of Contents Click on a section or question to be taken directly to the answer you re looking for, or read through all the questions
More informationHEALTH SAVINGS ACCOUNTS (HSAs)
HEALTH SAVINGS ACCOUNTS (HSAs) Presented by: Jennifer Ainsworth Union Bank & Trust Company Heath Benefit Solutions Advantages of HSAs You see the true cost of medical care and have better control over
More informationTips for Choosing Medical Coverage
Tips for Choosing Medical Coverage Selecting the right medical plan can be difficult. There are so many factors to consider and terms you may not understand. This presentation will define some of the terms
More informationAndrews University. Healthcare Savings Accounts (HSA) And High Deductible Health Plans (HDHP)
Andrews University Healthcare Savings Accounts (HSA) And High Deductible Health Plans (HDHP) Andrews University HSA/HDHP Why? A tax vehicle to set aside money for current and future medical expenses The
More informationPPO $aver Plan. Long Beach Unified School District
2016 PPO $aver Plan Long Beach Unified School District The PPO $aver Plan a Medical Plan to Help You Take Control This plan helps you take charge of your health and wellness by empowering you as the health
More informationEast Hartford BOE (Administrators) 2014 High Deductible Health Plan Information Meeting L O C K T O N C O M P A N I E S
East Hartford BOE (Administrators) 2014 High Deductible Health Plan Information Meeting L O C K T O N C O M P A N I E S 2014 Health & Welfare Benefits July 1, 2014 there will be no change to our current
More informationHEALTH SAVINGS ACCOUNT
HEALTH SAVINGS ACCOUNT Enrollment guide Offered by: Cigna Health and Life Insurance Company or Connecticut General Life Insurance Company. 869816 d 10/16 GET THE MOST FROM YOUR HEALTH SAVINGS ACCOUNT (HSA)
More informationWelcome to Open Enrollment for Plan Year 2017.
Welcome to Open Enrollment for Plan Year 2017. 1 We begin by reviewing the State of the Health Plan. This year the legislature authorized an efficiency study of State operations including the health plan.
More informationConsumer Directed Health Plan With Health Savings Account (CDHP with HSA) 2018 Frequently Asked Questions (FAQs)
Consumer Directed Health Plan With Health Savings Account (CDHP with HSA) 2018 Frequently Asked Questions (FAQs) Q: What is the Consumer Directed Health Plan (CDHP)? A: The CDHP is one of the medical plan
More informationIs MITRE s HD Care PPO + HSA right for you?
Is MITRE s HD Care PPO + HSA right for you? How to leverage the plan for long-term advantages 2018 Healthcare MITRE Human Resources BOOKMARK What is a High Deductible Health Plan...1 What is a Health Savings
More information2015 BENEFIT CHANGES FREQUENTLY ASKED QUESTIONS
Oct. 1, 2014 2015 BENEFIT CHANGES FREQUENTLY ASKED QUESTIONS Changes to The Hartford s 2015 Health Plan Options Consumer-Directed Health Plan (CDHP) Options Health Savings Accounts (HSA) Healthy Lifestyle
More informationIU Human Resources High Deductible Health Plan (HDHP) & Health Savings Account (HSA) INDIANA UNIVERSITY
IU Human Resources High Deductible Health Plan (HDHP) & Health Savings Account (HSA) INDIANA UNIVERSITY HDHP & HSA Overview Health Savings Account Tax-free Bank Account Medical Prescriptions Dental Vision
More information2018 Health Savings Account (HSA) Frequently Asked Questions. Table of Contents
2018 Health Savings Account (HSA) Frequently Asked Questions Table of Contents Health Savings Account (HSA) Plans What is a Health Savings Account (HSA)?...pg. 1 How does an IU Health HSA work?...pg. 1
More informationFREQUENTLY ASKED QUESTIONS. High Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs)
FREQUENTLY ASKED QUESTIONS High Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs) ABBVIE EMPLOYEES WANT TO KNOW High Deductible Health Plans Q. What is a High Deductible Health Plan (HDHP)?
More informationHealth. Savings Option
Health Savings Option FAQs The following are frequently asked questions and answers regarding the Health+Savings Option in the BP Medical Plan. Refer to the Health+Savings User s Guide for more details.
More informationConsumer Driven Health Plan (CDHP) with Health Savings Account (HSA)
Consumer Driven Health Plan (CDHP) with Health Savings Account (HSA) Interact with this ebrochure. Here s how. This ebrochure is designed for onscreen viewing, allowing you to navigate through the document
More informationState Employee Health Plan
State Employee Health Plan Open Enrollment for Plan Year 2019 1 HCC Decisions 2019 is an Active Enrollment Dental benefit can be elected as a standalone benefit New hire employer contribution for the HSAs/HRAs
More informationConsidering a Health Savings Account. HSA Bank is a division of Webster Bank, N.A., Member FDIC.
Considering a Health Savings Account Agenda What is an HSA? How Does An HSA Work? How Can You Maximize Your HSA Dollars? Employer Options WHAT IS AN HSA? What is an HSA? A tax-advantaged savings account
More informationHealth Savings Accounts (HSAs) Everything You Need to Know
Health Savings Accounts (HSAs) Everything You Need to Know Benefits of an HSA Decreases Taxable Income and Increases Spendable Income for medical expenses Funds rollover each year, so you can use your
More informationTax-Advantaged Accounts. Health Savings Account (HSA) & Limited Purpose Flexible Spending Account (LPFSA)
Tax-Advantaged Accounts Health Savings Account (HSA) & Limited Purpose Flexible Spending Account (LPFSA) University of Rochester March 2018 Today s presentation will cover: YOUR HSA Plan Health Savings
More informationIntroduction to the High Deductible Health Plan and Health Savings Account HDHP + HSA 10/24/2017
Introduction to the High Deductible Health Plan and Health Savings Account 2 Why are we introducing a new health plan? DID YOU KNOW? About 70% of employers offer an HDHP option HDHPs have become increasingly
More informationAetna Choice POS II (Open Access) HDHP
2018 2019 Aetna Choice POS II (Open Access) HDHP Long Beach Unified School District The Choice POS II HDHP A Medical Plan to Help You Take Control This plan helps you take charge of your health and wellness
More informationIndividual & Family Plans Insured by Connecticut General Life Insurance Company. Cigna Health Savings Plans for Tennessee. medical & b 12/12
Individual & Family Plans Insured by Connecticut General Life Insurance Company Cigna Health Savings Plans for Tennessee medical & PHARMACY INSURANCE for a VERY UNIQUE INDIVIDUAL. YOU. 858437 b 12/12 Services
More information1. Provide Comprehensive & Superior Benefits at the Lowest Costs. 2. To improve the Benefit Administration Process
Pierce Group Benefits is a comprehensive benefit consulting firm created to design employee benefit solutions. Pierce Group currently provides benefits to 145 public sector clients and serves over 150,000
More informationUPMC Consumer Advantage health savings account. A great way to pay for your health care and save for the future
UPMC Consumer Advantage health savings account A great way to pay for your health care and save for the future Paying for your medical care no longer has to involve solely an old-style plan with copayments,
More informationHSA-Compatible Health Plans!
HSA-Compatible Health Plans! Blue Cross and Blue Shield of Illinois offers high deductible health plans that are designed to be used with Health Savings Accounts (HSAs) Two plans: BlueEdgeSM Individual
More informationFAQS FOR HSA. Isn t the Health Savings Account (HSA) basically the same as the Health Reimbursement Account (HRA)?
What is an HSA? The Health Savings Account (HSA) is a personal savings account that you use for health care. You may contribute pre-tax* monies towards this account to pay for out of pocket medical expenses
More informationCity and County of Denver Employees. Overview of Your Health Savings Account (HSA)
City and County of Denver Employees Overview of Your Health Savings Account (HSA) January 1, 2016 Optum Bank, member FDIC Wholly-owned by Optum Financial Services Established in 2003 Focuses solely on
More informationHealth. Savings. FAQs. The following are frequently asked questions and answers regarding the Health+Savings Option in the BP Medical Plan.
Health Savings FAQs The following are frequently asked questions and answers regarding the Health+Savings Option in the BP Medical Plan. Note: Health Savings Account (HSA) tax laws vary by state. You might
More information2019 EMPLOYEE BENEFIT GUIDE
2019 EMPLOYEE BENEFIT GUIDE Welcome to USMC/RMCO 2019 Open Enrollment During Open Enrollment, all eligible employees have the opportunity to make changes to their medical, dental, vision and voluntary
More informationWEA Select Qualified High Deductible Health Plan (QHDHP)
WEA Select Qualified High Deductible Health Plan (QHDHP) Summary of Benefits October 1, 2012 September 30, 2013 WEA Select Customer Service Team 1-800-932-9221 www.premera.com/wea How does the WEA Select
More informationThis memo and all forms are available online at
Community Newspapers, Inc. Memo Date April 1, 2016 To: From: CNI Full-time Associates Mark Major Subject: 2016 Health Insurance Open Enrollment It is time for CNI health insurance open enrollment. The
More informationFrequently asked questions about your HSA
Benefit Extras, Inc. P.O. Box 1815 Burnsville, MN 55337 Phone: (952) 435-6858 (Toll-free 1-866-435-6858) Fax: (952) 435-8435 (Toll-free 1-800-886-8793) www.benefitextras.com Frequently asked questions
More informationAn Introduction to Medicare
An Introduction to Medicare Medicare can be confusing, but we re here to help you and your employees make sense of it all. This Medicare overview is a great place to start. It goes over the Medicare basics
More informationHealth Savings Accounts
Health Savings Accounts A Guide for Missouri School District Employees Over 70% of employees and retirees in the Missouri Educators Unified Health Plan (MEUHP) are enrolled in an HSA Plan., Projected Plan
More informationGuide to the Health Investment Option with Health Savings Account (HSA) Make the most of your Fordham medical benefits, all year round
Guide to the Health Investment Option with Health Savings Account (HSA) Make the most of your Fordham medical benefits, all year round Fordham cares about your health and is committed to helping you make
More informationBOSTON UNIVERSITY Your Guide to 2016 Medical Options
BOSTON UNIVERSITY Your Guide to 2016 Medical Options Contents Resources to Learn More...3 Two Medical Options...4 2016 Health Plans at a Glance...6 The New PPO Plan...7 The New PPO Plan in Action...10
More informationWestlake Chemical 2019 BENEFITS GUIDE
Westlake Chemical 2019 BENEFITS GUIDE Westlake Chemical Benefit Guide What s Inside About This Guide...1 Your 2019 Benefits Summary...1 Eligible Dependents...1 When Coverage Is Effective...1 Medical Plan
More informationWELCOME TO CIGNA CHOICE FUND. A guide for your health savings account INSIDE c 06/18 LET S GET STARTED MAKING CONTRIBUTIONS USING YOUR MONEY
WELCOME TO CIGNA CHOICE FUND INSIDE A guide for your health savings account 881604 c 06/18 Congratulations on opening a health savings account (HSA). This guide will help you get the most value from your
More informationIs MITRE s HD Care PPO + HSA right for you?
Is MITRE s HD Care PPO + HSA right for you? How to leverage the plan for long-term advantages MITRE Human Resources BOOKMARK What is a High Deductible Health Plan...1 What is a Health Savings Account?...3
More informationELKHART COMMUNITY SCHOOLS Annual Enrollment
ELKHART COMMUNITY SCHOOLS 2017 Annual Enrollment Agenda 2017 Medical plan designs Premium contribution structure change New Rx assistance program Review of Dental plan Review of Health Savings Accounts
More informationThe Essential Guide to Your 2017 Benefits. For Student Interns and Co-op Employees
The Essential Guide to Your 2017 Benefits For Student Interns and Co-op Employees Welcome What sinside 3 5 6 8 9 Enrolling for Benefits Paying for Your Benefits Medical and Prescription Drug Coverage Health
More informationFidelity Health Savings Account. Health Care HSA-Compatible Flexible Spending Account. Fidelity Health Plan
Fidelity Health Plan Fidelity Health Savings Account Health Care HSA-Compatible Flexible Spending Account Fidelity Health Plan and Fidelity Health Savings Account Overview 2014 Consider the Fidelity Health
More information